Archer-Daniels-Midland Company (NYSE:ADM) Stake Cut by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 4.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,723 shares of the company’s stock after selling 6,246 shares during the period. Nisa Investment Advisors LLC’s holdings in Archer-Daniels-Midland were worth $7,570,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Marathon Asset Management Ltd lifted its stake in Archer-Daniels-Midland by 4.5% in the 3rd quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company’s stock worth $18,110,000 after acquiring an additional 13,177 shares in the last quarter. Heritage Wealth Management Inc. purchased a new stake in shares of Archer-Daniels-Midland during the 2nd quarter worth about $974,000. Vest Financial LLC raised its stake in shares of Archer-Daniels-Midland by 8.9% during the 3rd quarter. Vest Financial LLC now owns 782,428 shares of the company’s stock worth $46,742,000 after purchasing an additional 63,716 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Archer-Daniels-Midland during the 3rd quarter worth about $1,081,000. Finally, CWM LLC raised its stake in shares of Archer-Daniels-Midland by 52.2% during the 2nd quarter. CWM LLC now owns 25,151 shares of the company’s stock worth $1,520,000 after purchasing an additional 8,628 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the firm’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 owns 265,210 shares of the company’s stock, valued at $16,047,857.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction that occurred on 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 sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $61.00, for a total value of $2,773,731.00. Following the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at $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 219,348 shares of company stock valued at $13,296,833 in the last 90 days. 1.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ADM shares. Citigroup cut their price target 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. JPMorgan Chase & Co. raised their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, UBS Group raised 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. One analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the company. According to MarketBeat, 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 stock opened at $55.53 on Thursday. The company has a market capitalization of $26.55 billion, a price-to-earnings ratio of 11.15 and a beta of 0.72. The stock’s 50 day simple moving average is $59.04 and its 200 day simple moving average is $60.43. 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 twelve month low of $50.72 and a twelve month high of $77.35.

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 analysts’ consensus estimates of $1.22 by ($0.19). The business had revenue of $22.25 billion during the quarter, compared to analyst estimates 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 last year, the business earned $1.89 EPS. As a group, research analysts predict that Archer-Daniels-Midland Company will post 5.33 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 40.16%.

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.