Weaver Capital Management LLC Cuts Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Weaver Capital Management LLC lessened its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 36.3% in the third quarter, HoldingsChannel reports. The fund owned 5,310 shares of the company’s stock after selling 3,024 shares during the period. Weaver Capital Management LLC’s holdings in Archer-Daniels-Midland were worth $317,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quent Capital LLC lifted its position in Archer-Daniels-Midland by 8.2% in the second quarter. Quent Capital LLC now owns 2,158 shares of the company’s stock valued at $130,000 after purchasing an additional 164 shares during the last quarter. Focused Wealth Management Inc boosted its position in Archer-Daniels-Midland by 3.3% during the 2nd quarter. Focused Wealth Management Inc now owns 5,338 shares of the company’s stock valued at $323,000 after buying an additional 169 shares during the period. Accordant Advisory Group Inc increased its position in shares of Archer-Daniels-Midland by 0.8% in the second quarter. Accordant Advisory Group Inc now owns 23,462 shares of the company’s stock valued at $1,418,000 after acquiring an additional 176 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of Archer-Daniels-Midland by 0.7% during the first quarter. Ameritas Investment Partners Inc. now owns 25,107 shares of the company’s stock valued at $1,577,000 after acquiring an additional 178 shares during the last quarter. Finally, Legacy Capital Group California Inc. boosted its holdings in shares of Archer-Daniels-Midland by 1.2% during the second quarter. Legacy Capital Group California Inc. now owns 15,327 shares of the company’s stock worth $927,000 after purchasing an additional 181 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 170,194 shares of the company’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 transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,047,857.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Juan R. Luciano sold 170,194 shares of the business’s 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 owns 265,210 shares in the company, valued at $16,047,857.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction 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 directly owns 265,210 shares in the company, valued at $16,177,810. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 219,348 shares of company stock worth $13,296,833. 1.20% of the stock is owned by corporate insiders.

Archer-Daniels-Midland Price Performance

Shares of ADM opened at $56.08 on Thursday. The firm’s 50-day simple moving average is $59.31 and its two-hundred day simple moving average is $60.66. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $77.35. The stock has a market cap of $27.73 billion, a PE ratio of 9.84 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44.

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

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

Wall Street Analysts Forecast Growth

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