Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. lowered its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 12.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,866 shares of the company’s stock after selling 989 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Archer-Daniels-Midland were worth $415,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ADM. Cherry Tree Wealth Management LLC bought a new position in Archer-Daniels-Midland during the first quarter worth $27,000. Riverview Trust Co bought a new position in shares of Archer-Daniels-Midland in the 2nd quarter worth about $27,000. Crewe Advisors LLC acquired a new position in shares of Archer-Daniels-Midland in the 1st quarter valued at about $30,000. Rise Advisors LLC acquired a new stake in Archer-Daniels-Midland during the first quarter worth about $34,000. Finally, BOK Financial Private Wealth Inc. bought a new position in Archer-Daniels-Midland in the first quarter worth about $34,000. Institutional investors own 78.28% of the company’s stock.

Insider Transactions at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the completion of the sale, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,177,810. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland 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 disclosure for this sale can be found here. Insiders have sold 219,348 shares of company stock valued at $13,296,833 in the last quarter. Insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Price Performance

NYSE ADM opened at $59.51 on Tuesday. Archer-Daniels-Midland Company has a 12 month low of $50.72 and a 12 month high of $80.96. The firm has a market capitalization of $29.42 billion, a PE ratio of 10.44 and a beta of 0.72. The company’s 50 day simple moving average is $61.25 and its 200 day simple moving average is $60.58. 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 quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.19). The firm had revenue of $22.25 billion for the quarter, compared to analyst estimates of $23.12 billion. Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.89 earnings per share. As a group, equities research analysts forecast that Archer-Daniels-Midland Company will post 5.33 EPS for the current fiscal 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 given a dividend of $0.50 per share. The ex-dividend date 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 (DPR) is 35.09%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ADM. JPMorgan Chase & Co. increased their price target 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. UBS Group raised their target price on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Citigroup lowered their price target 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 analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $65.62.

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.