Mutual of America Capital Management LLC Decreases Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Mutual of America Capital Management LLC lowered its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 10.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,415 shares of the company’s stock after selling 7,559 shares during the period. Mutual of America Capital Management LLC’s holdings in Archer-Daniels-Midland were worth $3,773,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ADM. NBC Securities Inc. increased its stake in shares of Archer-Daniels-Midland by 9.6% in 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 during the last quarter. Quent Capital LLC grew its holdings in Archer-Daniels-Midland by 8.2% during the 2nd quarter. Quent Capital LLC now owns 2,158 shares of the company’s stock worth $130,000 after acquiring an additional 164 shares in the last quarter. Focused Wealth Management Inc increased its position in shares of Archer-Daniels-Midland by 3.3% in the 2nd quarter. Focused Wealth Management Inc now owns 5,338 shares of the company’s stock worth $323,000 after purchasing an additional 169 shares during the last quarter. Accordant Advisory Group Inc lifted its position in shares of Archer-Daniels-Midland by 0.8% during the second quarter. Accordant Advisory Group Inc now owns 23,462 shares of the company’s stock worth $1,418,000 after purchasing an additional 176 shares during the last quarter. Finally, CHICAGO TRUST Co NA grew its stake in Archer-Daniels-Midland by 4.4% in the first quarter. CHICAGO TRUST Co NA now owns 4,207 shares of the company’s stock worth $264,000 after purchasing an additional 177 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on ADM shares. UBS Group upped their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Citigroup reduced their price objective on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. Finally, 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. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $65.62.

Archer-Daniels-Midland Stock Performance

Shares of NYSE ADM opened at $61.36 on Monday. Archer-Daniels-Midland Company has a 12-month low of $50.72 and a 12-month high of $79.51. The company has a market cap of $30.34 billion, a PE ratio of 10.76 and a beta of 0.72. The stock has a 50 day simple moving average of $60.75 and a 200-day simple moving average of $61.02. 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 (NYSE:ADM) last announced 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 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 company’s revenue was down 11.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.89 EPS. On average, equities research analysts forecast that Archer-Daniels-Midland Company will post 5.33 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were given 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 3.26%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

Insider Transactions at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 45,471 shares of the firm’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 transaction of $2,773,731.00. Following the transaction, the chief executive officer now owns 265,210 shares in the company, valued at $16,177,810. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Juan R. Luciano sold 170,194 shares of the firm’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 transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,047,857.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Juan R. Luciano sold 45,471 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was 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 in the company, valued at $16,177,810. The disclosure for this sale can be found here. In the last three months, insiders sold 219,348 shares of company stock valued at $13,296,833. Company insiders own 1.20% of the company’s stock.

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.