Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by ICA Group Wealth Management LLC

ICA Group Wealth Management LLC reduced its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 26.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 987 shares of the company’s stock after selling 352 shares during the quarter. ICA Group Wealth Management LLC’s holdings in Archer-Daniels-Midland were worth $60,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in ADM. NBC Securities Inc. grew its holdings in Archer-Daniels-Midland by 9.6% during the 1st quarter. NBC Securities Inc. now owns 1,815 shares of the company’s stock valued at $114,000 after buying an additional 159 shares during the last quarter. Quent Capital LLC grew its holdings in Archer-Daniels-Midland by 8.2% during the 2nd quarter. Quent Capital LLC now owns 2,158 shares of the company’s stock valued at $130,000 after buying an additional 164 shares during the last quarter. Focused Wealth Management Inc grew its holdings in Archer-Daniels-Midland by 3.3% during the 2nd quarter. Focused Wealth Management Inc now owns 5,338 shares of the company’s stock valued at $323,000 after buying an additional 169 shares during the last quarter. Accordant Advisory Group Inc grew its holdings in Archer-Daniels-Midland by 0.8% during the 2nd quarter. Accordant Advisory Group Inc now owns 23,462 shares of the company’s stock valued at $1,418,000 after buying an additional 176 shares during the last quarter. Finally, CHICAGO TRUST Co NA grew its holdings in Archer-Daniels-Midland by 4.4% during the 1st quarter. CHICAGO TRUST Co NA now owns 4,207 shares of the company’s stock valued at $264,000 after buying an additional 177 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Trading Up 1.3 %

Shares of ADM opened at $60.39 on Monday. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $29.86 billion, a P/E ratio of 10.59 and a beta of 0.72. The stock’s fifty day simple moving average is $61.03 and its 200 day simple moving average is $60.76. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $80.96.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data 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 net margin of 2.93% and a return on equity of 12.06%. The company had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $23.12 billion. During the same period last year, the business earned $1.89 earnings per share. The company’s revenue for the quarter was down 11.7% compared to the same quarter last year. On average, equities research analysts forecast that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.31%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction dated 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 sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction dated 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 sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction dated 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 of the company’s stock, 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 over the last three months. 1.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Citigroup decreased their price objective on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. UBS Group raised their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. raised their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to MarketBeat, Archer-Daniels-Midland has an average rating of “Hold” and an average price target of $65.62.

About Archer-Daniels-Midland

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.