Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co trimmed its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 10.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,500 shares of the company’s stock after selling 766 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Archer-Daniels-Midland were worth $393,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Archer-Daniels-Midland by 12.1% during the first quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company’s stock valued at $4,260,165,000 after acquiring an additional 7,320,289 shares during the period. Wellington Management Group LLP boosted its stake in Archer-Daniels-Midland by 11.1% during the 4th quarter. Wellington Management Group LLP now owns 15,325,806 shares of the company’s stock valued at $1,106,830,000 after purchasing an additional 1,532,284 shares during the period. First Trust Advisors LP grew its position in Archer-Daniels-Midland by 3.5% in the 4th quarter. First Trust Advisors LP now owns 6,488,389 shares of the company’s stock worth $468,591,000 after purchasing an additional 217,459 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of Archer-Daniels-Midland by 40.7% in the first quarter. ProShare Advisors LLC now owns 3,309,140 shares of the company’s stock valued at $207,847,000 after purchasing an additional 957,270 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Archer-Daniels-Midland by 141.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 2,991,324 shares of the company’s stock valued at $187,885,000 after buying an additional 1,753,077 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ADM shares. Citigroup reduced their target price 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. 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 report on Monday, September 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to MarketBeat, Archer-Daniels-Midland currently has a consensus rating of “Hold” and an average target price of $65.62.

Archer-Daniels-Midland Trading Up 0.1 %

Shares of NYSE:ADM opened at $60.53 on Thursday. 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 market capitalization of $29.93 billion, a PE ratio of 10.62 and a beta of 0.72. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $80.14. The firm has a fifty day moving average price of $60.84 and a 200 day moving average price of $60.85.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.19). Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The company had revenue of $22.25 billion for the quarter, compared to analyst estimates of $23.12 billion. During the same period in the prior year, the company posted $1.89 EPS. The business’s revenue was down 11.7% on a year-over-year basis. Analysts expect 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. Stockholders of record on Wednesday, August 21st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s payout ratio is 35.09%.

Insider Buying and Selling

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were 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 approximately $16,047,857.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Juan R. Luciano sold 45,471 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 265,210 shares in the company, valued at $16,177,810. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,047,857.10. 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.