Stanley Laman Group Ltd. Reduces Position in Archer-Daniels-Midland Company (NYSE:ADM)

Stanley Laman Group Ltd. trimmed its position in Archer-Daniels-Midland Company (NYSE:ADM) by 3.0% in the third quarter, Holdings Channel reports. The firm owned 56,371 shares of the company’s stock after selling 1,724 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Archer-Daniels-Midland were worth $3,368,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Cherry Tree Wealth Management LLC acquired a new position in Archer-Daniels-Midland in the first quarter worth about $27,000. Riverview Trust Co acquired a new position in Archer-Daniels-Midland in the second quarter worth about $27,000. Altshuler Shaham Ltd acquired a new position in Archer-Daniels-Midland in the second quarter worth about $28,000. Crewe Advisors LLC acquired a new position in Archer-Daniels-Midland in the first quarter worth about $30,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in Archer-Daniels-Midland in the first quarter worth about $34,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. UBS Group lifted their price target on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. lifted their target price 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, Citigroup decreased their target price on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. According to MarketBeat.com, Archer-Daniels-Midland currently has an average rating of “Hold” and a consensus price target of $65.62.

Insider Buying and Selling

In related news, CEO Juan R. Luciano sold 3,683 shares of the business’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 sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Juan R. Luciano sold 3,683 shares of the business’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 sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Juan R. Luciano sold 170,194 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,047,857.10. 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 quarter. Corporate insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Shares of NYSE ADM opened at $55.67 on Wednesday. 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 stock has a 50 day simple moving average of $59.36 and a 200-day simple moving average of $60.69. The company has a market cap of $27.53 billion, a PE ratio of 9.77 and a beta of 0.72. Archer-Daniels-Midland Company has a 12-month low of $50.72 and a 12-month high of $77.35.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data 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 business had revenue of $22.25 billion for the quarter, compared to analyst estimates of $23.12 billion. Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The business’s quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.89 earnings per share. On average, equities research analysts forecast that Archer-Daniels-Midland Company will post 5.33 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors 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 annualized dividend and a yield of 3.59%. Archer-Daniels-Midland’s payout ratio is 35.09%.

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.