Zions Bancorporation N.A. Has $159,000 Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Zions Bancorporation N.A. lessened its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 10.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,627 shares of the company’s stock after selling 312 shares during the quarter. Zions Bancorporation N.A.’s holdings in Archer-Daniels-Midland were worth $159,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Securities Inc. acquired a new position in Archer-Daniels-Midland in the fourth quarter worth about $120,000. Jump Financial LLC raised its holdings in shares of Archer-Daniels-Midland by 17.4% in the 4th quarter. Jump Financial LLC now owns 4,853 shares of the company’s stock worth $350,000 after buying an additional 719 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Archer-Daniels-Midland by 14.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,746 shares of the company’s stock worth $271,000 after buying an additional 462 shares during the period. Beacon Pointe Advisors LLC boosted its stake in Archer-Daniels-Midland by 231.3% in the 4th quarter. Beacon Pointe Advisors LLC now owns 38,032 shares of the company’s stock valued at $2,747,000 after buying an additional 26,552 shares in the last quarter. Finally, Independent Advisor Alliance grew its position in Archer-Daniels-Midland by 6.4% in the fourth quarter. Independent Advisor Alliance now owns 20,363 shares of the company’s stock valued at $1,471,000 after acquiring an additional 1,223 shares during the period. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Stock Performance

Shares of NYSE:ADM opened at $60.39 on Monday. The stock has a market capitalization of $29.86 billion, a P/E ratio of 10.59 and a beta of 0.72. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland Company has a 1-year low of $50.72 and a 1-year high of $80.96. The business has a 50-day moving average price of $61.03 and a two-hundred day moving average price of $60.76.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.19). The business had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.12 billion. Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. Archer-Daniels-Midland’s revenue was down 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.89 earnings per share. Equities analysts predict that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

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

Insider Transactions at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $61.00, for a total value 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 $16,177,810. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the 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 sale, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,047,857.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $61.00, for a total value of $2,773,731.00. Following the transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,177,810. The disclosure for this sale can be found here. In the last ninety days, insiders sold 219,348 shares of company stock worth $13,296,833. 1.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ADM. JPMorgan Chase & Co. boosted their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. UBS Group boosted their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, Citigroup dropped their price objective on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Monday, July 15th. One investment analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. According to MarketBeat, the stock presently 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.