WealthPLAN Partners LLC Has $2.16 Million Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

WealthPLAN Partners LLC lowered its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 66.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,706 shares of the company’s stock after selling 71,068 shares during the period. WealthPLAN Partners LLC’s holdings in Archer-Daniels-Midland were worth $2,158,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ADM. Cherry Tree Wealth Management LLC acquired a new stake in Archer-Daniels-Midland in the first quarter valued at approximately $27,000. Riverview Trust Co acquired a new stake in Archer-Daniels-Midland in the second quarter valued at approximately $27,000. Crewe Advisors LLC acquired a new stake in Archer-Daniels-Midland in the first quarter valued at approximately $30,000. Rise Advisors LLC acquired a new stake in Archer-Daniels-Midland in the first quarter valued at approximately $34,000. Finally, BOK Financial Private Wealth Inc. acquired a new stake in Archer-Daniels-Midland in the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,177,810. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total value of $10,298,438.94. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,047,857.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total value of $224,663.00. Following the completion of the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. The disclosure for this sale can be found here. Insiders have sold a total of 219,348 shares of company stock worth $13,296,833 over the last ninety days. 1.20% of the stock is currently owned by company insiders.

Archer-Daniels-Midland Stock Performance

Shares of ADM opened at $60.41 on Tuesday. The firm has a market cap of $29.87 billion, a PE ratio of 10.60 and a beta of 0.72. The stock’s fifty day moving average price is $60.97 and its two-hundred day moving average price is $60.81. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $80.14.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.19). The firm had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.12 billion. Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The business’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.89 earnings per share. On average, equities research analysts forecast that Archer-Daniels-Midland Company will post 5.33 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were paid a $0.50 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.31%. Archer-Daniels-Midland’s payout ratio is presently 35.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ADM shares. UBS Group raised their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Citigroup cut their target price on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. Finally, JPMorgan Chase & Co. lifted their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $65.62.

About Archer-Daniels-Midland

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.