LSV Asset Management Sells 46,100 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

LSV Asset Management trimmed its position in Archer-Daniels-Midland Company (NYSE:ADM) by 1.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,468,079 shares of the company’s stock after selling 46,100 shares during the period. LSV Asset Management owned about 0.50% of Archer-Daniels-Midland worth $149,195,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ADM. Cherry Tree Wealth Management LLC bought a new stake in Archer-Daniels-Midland in the 1st quarter worth about $27,000. Riverview Trust Co bought a new stake in Archer-Daniels-Midland in the 2nd quarter worth about $27,000. Crewe Advisors LLC bought a new position in shares of Archer-Daniels-Midland during the 1st quarter valued at approximately $30,000. Rise Advisors LLC bought a new position in shares of Archer-Daniels-Midland during the 1st quarter valued at approximately $34,000. Finally, BOK Financial Private Wealth Inc. bought a new position in shares of Archer-Daniels-Midland during the 1st quarter valued at approximately $34,000. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Trading Down 1.0 %

Shares of ADM stock traded down $0.60 on Friday, hitting $59.47. 2,641,536 shares of the company’s stock traded hands, compared to its average volume of 4,629,167. 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 Company has a one year low of $50.72 and a one year high of $80.96. The company’s fifty day simple moving average is $61.27 and its 200 day simple moving average is $60.49. The stock has a market capitalization of $29.40 billion, a price-to-earnings ratio of 10.43 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last announced 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 firm had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.12 billion. Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. Archer-Daniels-Midland’s revenue was down 11.7% on a year-over-year basis. During the same period last year, the business earned $1.89 EPS. Equities analysts forecast that Archer-Daniels-Midland Company will post 5.47 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

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

Analyst Ratings Changes

ADM has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Citigroup reduced their target price on shares of 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. One research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $64.62.

Insider Transactions at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 170,194 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction dated 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 directly owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland 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 transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. The disclosure for this sale can be found here. In the last ninety days, insiders sold 219,348 shares of company stock valued at $13,296,833. Company insiders own 1.20% of the company’s stock.

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.