Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Probity Advisors Inc.

Probity Advisors Inc. lowered its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 14.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 9,343 shares of the company’s stock after selling 1,540 shares during the quarter. Probity Advisors Inc.’s holdings in Archer-Daniels-Midland were worth $558,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Cherry Tree Wealth Management LLC acquired a new stake in Archer-Daniels-Midland in the 1st quarter valued at $27,000. Riverview Trust Co acquired a new stake in Archer-Daniels-Midland during the 2nd quarter worth $27,000. Altshuler Shaham Ltd acquired a new stake in Archer-Daniels-Midland during the 2nd quarter worth $28,000. Crewe Advisors LLC acquired a new stake in Archer-Daniels-Midland during the 1st quarter worth $30,000. Finally, Rise Advisors LLC acquired a new stake in Archer-Daniels-Midland during the 1st quarter worth $34,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Citigroup lowered their target price on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. JPMorgan Chase & Co. lifted their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, UBS Group boosted their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. Based on data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Hold” and an average price target of $65.62.

Insider Buying and Selling

In related news, CEO Juan R. Luciano sold 170,194 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total value of $10,298,438.94. Following the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,047,857.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Juan R. Luciano sold 45,471 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $61.00, for a total value of $2,773,731.00. Following the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the completion of the transaction, the chief executive officer now owns 265,210 shares in the company, valued at $16,047,857.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 219,348 shares of company stock worth $13,296,833. Company insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Stock Down 0.2 %

Shares of NYSE:ADM opened at $58.20 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. The firm has a market capitalization of $28.78 billion, a PE ratio of 10.23 and a beta of 0.72. The firm’s 50-day moving average is $59.49 and its two-hundred day moving average is $60.88. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $77.35.

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

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.44%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.

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.