WealthPLAN Partners LLC Sells 71,068 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

WealthPLAN Partners LLC decreased its position in Archer-Daniels-Midland Company (NYSE:ADM) by 66.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 35,706 shares of the company’s stock after selling 71,068 shares during the period. WealthPLAN Partners LLC’s holdings in Archer-Daniels-Midland were worth $2,158,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Archer-Daniels-Midland by 12.1% during the 1st quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company’s stock worth $4,260,165,000 after purchasing an additional 7,320,289 shares in the last quarter. Norges Bank bought a new stake in shares of Archer-Daniels-Midland during the 4th quarter worth approximately $420,457,000. Jacobs Levy Equity Management Inc. raised its stake in shares of Archer-Daniels-Midland by 141.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,991,324 shares of the company’s stock worth $187,885,000 after purchasing an additional 1,753,077 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Archer-Daniels-Midland by 11.1% during 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. Finally, ProShare Advisors LLC raised its stake in shares of Archer-Daniels-Midland by 40.7% during the 1st quarter. ProShare Advisors LLC now owns 3,309,140 shares of the company’s stock worth $207,847,000 after purchasing an additional 957,270 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

Insider Buying and Selling

In related news, CEO Juan R. Luciano sold 3,683 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Juan R. Luciano sold 45,471 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,177,810. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Juan R. Luciano sold 3,683 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. The disclosure for this sale can be found here. Insiders sold a total of 219,348 shares of company stock worth $13,296,833 in the last ninety days. 1.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ADM shares. Citigroup dropped their price objective on 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 price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, UBS Group increased their price target on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. One equities research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. Based on data from MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of “Hold” and a consensus price target of $65.62.

Archer-Daniels-Midland Stock Performance

ADM opened at $60.41 on Tuesday. The firm has a market cap of $29.87 billion, a P/E ratio of 10.60 and a beta of 0.72. Archer-Daniels-Midland Company has a 52-week low of $50.72 and a 52-week high of $80.14. 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 business’s fifty day moving average is $60.97 and its 200-day moving average is $60.81.

Archer-Daniels-Midland (NYSE:ADM) last released its 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). Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The company had revenue of $22.25 billion for the quarter, compared to analyst estimates of $23.12 billion. During the same period last year, the company posted $1.89 earnings per share. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year. Sell-side analysts expect that Archer-Daniels-Midland Company will post 5.33 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

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

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.