Allworth Financial LP Has $144,000 Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Allworth Financial LP cut its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 12.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,416 shares of the company’s stock after selling 339 shares during the period. Allworth Financial LP’s holdings in Archer-Daniels-Midland were worth $144,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Cherry Tree Wealth Management LLC bought a new position in Archer-Daniels-Midland in the 1st quarter worth approximately $27,000. Riverview Trust Co bought a new position in Archer-Daniels-Midland during the second quarter worth $27,000. Altshuler Shaham Ltd acquired a new position in Archer-Daniels-Midland during the 2nd quarter valued at $28,000. Crewe Advisors LLC bought a new stake in Archer-Daniels-Midland in the 1st quarter valued at $30,000. Finally, BOK Financial Private Wealth Inc. acquired a new stake in Archer-Daniels-Midland in the 1st quarter worth $34,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Insider Activity

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total value of $10,298,438.94. Following the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,047,857.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Juan R. Luciano sold 3,683 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 219,348 shares of company stock valued at $13,296,833. Company insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ADM shares. Citigroup decreased their target price on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. UBS Group lifted 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. upped 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. One analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $63.82.

Archer-Daniels-Midland Stock Down 1.4 %

Shares of ADM opened at $55.53 on Thursday. The business’s 50 day simple moving average is $59.04 and its 200-day simple moving average is $60.43. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $77.35. The company has a market capitalization of $26.55 billion, a P/E ratio of 11.15 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results 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%. The business’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.89 earnings per share. As a group, sell-side analysts predict that Archer-Daniels-Midland Company will post 5.33 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio is 40.16%.

Archer-Daniels-Midland 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.