First Citizens Bank & Trust Co. Has $4.52 Million Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

First Citizens Bank & Trust Co. decreased its position in Archer-Daniels-Midland Company (NYSE:ADM) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,602 shares of the company’s stock after selling 2,608 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Archer-Daniels-Midland were worth $4,516,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. NBC Securities Inc. lifted its holdings in shares of Archer-Daniels-Midland by 9.6% during the first quarter. NBC Securities Inc. now owns 1,815 shares of the company’s stock worth $114,000 after buying an additional 159 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Archer-Daniels-Midland by 33.3% in the 1st quarter. GAMMA Investing LLC now owns 3,961 shares of the company’s stock valued at $249,000 after purchasing an additional 989 shares during the period. Alaska Permanent Fund Corp acquired a new position in shares of Archer-Daniels-Midland during the 1st quarter worth approximately $1,389,000. Czech National Bank increased its holdings in shares of Archer-Daniels-Midland by 0.5% during the first quarter. Czech National Bank now owns 93,871 shares of the company’s stock worth $5,896,000 after purchasing an additional 452 shares during the period. Finally, Banque Cantonale Vaudoise raised its position in shares of Archer-Daniels-Midland by 83.7% in the first quarter. Banque Cantonale Vaudoise now owns 29,914 shares of the company’s stock valued at $1,879,000 after buying an additional 13,626 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

Insider Buying and Selling

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction dated Wednesday, August 28th. The stock was 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 approximately $16,177,810. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Archer-Daniels-Midland 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 owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Juan R. Luciano sold 3,683 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 219,348 shares of company stock valued at $13,296,833 over the last 90 days. 1.20% of the stock is owned by insiders.

Archer-Daniels-Midland Stock Down 3.8 %

Shares of ADM opened at $56.40 on Friday. 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 52 week low of $50.72 and a 52 week high of $77.35. The stock has a market capitalization of $27.89 billion, a price-to-earnings ratio of 9.89 and a beta of 0.72. The stock has a fifty day moving average of $59.45 and a 200-day moving average of $60.82.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results 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 firm had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.12 billion. During the same quarter in the prior year, the business posted $1.89 earnings per share. Archer-Daniels-Midland’s revenue for the quarter was down 11.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.55%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.

Analyst Ratings Changes

ADM has been the subject of a number of recent analyst reports. UBS Group upped their target price on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Citigroup decreased their target price 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. Finally, JPMorgan Chase & Co. upped their price target 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 investment analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $65.62.

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.