Insider Selling: Archer-Daniels-Midland Company (NYSE:ADM) CEO Sells 3,683 Shares of Stock

Archer-Daniels-Midland Company (NYSE:ADM) CEO Juan R. Luciano sold 3,683 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total transaction of $224,663.00. Following the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,177,810. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Archer-Daniels-Midland Trading Down 0.2 %

NYSE ADM traded down $0.12 during trading on Thursday, hitting $60.84. 1,535,690 shares of the company’s stock traded hands, compared to its average volume of 4,684,889. The stock has a fifty day moving average of $61.32 and a two-hundred day moving average of $60.14. Archer-Daniels-Midland Company has a 12-month low of $50.72 and a 12-month high of $81.70. The firm has a market cap of $30.08 billion, a P/E ratio of 10.67 and a beta of 0.74. 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 (NYSE:ADM) last issued its earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $23.12 billion. During the same quarter in the prior year, the company earned $1.89 earnings per share. The company’s revenue was down 11.7% compared to the same quarter last year. As a group, sell-side analysts expect that Archer-Daniels-Midland Company will post 5.41 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.

Hedge Funds Weigh In On Archer-Daniels-Midland

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Archer-Daniels-Midland by 12.1% during the first quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company’s stock valued at $4,260,165,000 after buying an additional 7,320,289 shares during the period. Wellington Management Group LLP raised its holdings in Archer-Daniels-Midland by 11.1% in the 4th quarter. Wellington Management Group LLP now owns 15,325,806 shares of the company’s stock worth $1,106,830,000 after purchasing an additional 1,532,284 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Archer-Daniels-Midland by 15,790.1% in the 2nd quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company’s stock worth $459,232,000 after purchasing an additional 7,549,083 shares during the period. First Trust Advisors LP boosted its stake in shares of Archer-Daniels-Midland by 3.5% during the 4th quarter. First Trust Advisors LP now owns 6,488,389 shares of the company’s stock valued at $468,591,000 after purchasing an additional 217,459 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at about $420,457,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on ADM shares. Citigroup dropped their price target 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. increased their target price on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $64.62.

Archer-Daniels-Midland Company 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.