Cigna Investments Inc. New Sells 573 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Cigna Investments Inc. New lessened its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 10.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,022 shares of the company’s stock after selling 573 shares during the quarter. Cigna Investments Inc. New’s holdings in Archer-Daniels-Midland were worth $304,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise lifted its stake in shares of Archer-Daniels-Midland by 83.7% in the 1st quarter. Banque Cantonale Vaudoise now owns 29,914 shares of the company’s stock valued at $1,879,000 after purchasing an additional 13,626 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Archer-Daniels-Midland by 14.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,746 shares of the company’s stock worth $271,000 after buying an additional 462 shares during the last quarter. Madison Asset Management LLC boosted its stake in shares of Archer-Daniels-Midland by 18.6% during the 4th quarter. Madison Asset Management LLC now owns 383,941 shares of the company’s stock worth $27,728,000 after acquiring an additional 60,313 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. acquired a new position in shares of Archer-Daniels-Midland during the 4th quarter valued at about $1,942,000. Finally, Victory Capital Management Inc. raised its stake in shares of Archer-Daniels-Midland by 50.3% in the 4th quarter. Victory Capital Management Inc. now owns 414,643 shares of the company’s stock valued at $29,946,000 after acquiring an additional 138,806 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Archer-Daniels-Midland

In other news, insider Fruit Molly L. Strader sold 6,904 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total transaction of $419,279.92. Following the completion of the sale, the insider now owns 8,555 shares of the company’s stock, valued at $519,545.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by insiders.

Archer-Daniels-Midland Price Performance

ADM traded up $0.50 during midday trading on Thursday, reaching $58.88. 2,589,229 shares of the company’s stock were exchanged, compared to its average volume of 4,866,566. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The business has a 50-day simple moving average of $61.49 and a two-hundred day simple moving average of $59.77. The firm has a market capitalization of $29.11 billion, a price-to-earnings ratio of 10.24 and a beta of 0.74. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $83.15.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.19). Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The company had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $23.12 billion. During the same quarter last year, the business earned $1.89 EPS. Archer-Daniels-Midland’s quarterly revenue was down 11.7% compared to the same quarter last year. As a group, research analysts predict that Archer-Daniels-Midland Company will post 5.41 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 35.09%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. JPMorgan Chase & Co. increased their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. 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. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $64.62.

Archer-Daniels-Midland Profile

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.