Archer-Daniels-Midland Company (NYSE:ADM) CEO Juan R. Luciano Sells 170,194 Shares

Archer-Daniels-Midland Company (NYSE:ADM) CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Archer-Daniels-Midland Stock Performance

NYSE:ADM opened at $59.49 on Friday. The company has a market capitalization of $29.41 billion, a PE ratio of 10.44 and a beta of 0.72. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $80.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. The company has a 50 day simple moving average of $61.27 and a two-hundred day simple moving average of $60.44.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $23.12 billion. During the same quarter in the previous year, the firm earned $1.89 earnings per share. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. Research analysts anticipate that Archer-Daniels-Midland Company will post 5.47 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Wednesday, August 21st. Archer-Daniels-Midland’s payout ratio is 35.09%.

Institutional Trading of Archer-Daniels-Midland

Hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in shares of Archer-Daniels-Midland by 50.3% during the fourth 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. Commonwealth Equity Services LLC lifted its holdings in shares of Archer-Daniels-Midland by 33.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 293,179 shares of the company’s stock valued at $21,173,000 after purchasing an additional 72,781 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in shares of Archer-Daniels-Midland by 3.5% during the fourth quarter. Natixis Advisors L.P. now owns 218,514 shares of the company’s stock valued at $15,781,000 after purchasing an additional 7,291 shares in the last quarter. Merit Financial Group LLC lifted its holdings in shares of Archer-Daniels-Midland by 8.8% during the fourth quarter. Merit Financial Group LLC now owns 3,145 shares of the company’s stock valued at $227,000 after purchasing an additional 255 shares in the last quarter. Finally, Axxcess Wealth Management LLC bought a new position in Archer-Daniels-Midland in the fourth quarter valued at about $266,000. Institutional investors own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of research analyst reports. Citigroup decreased their price objective on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. JPMorgan Chase & Co. increased their price objective on shares of 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 assigned a hold rating to the company. According to MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of “Hold” and an average 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.