Argent Trust Co Sells 2,000 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Argent Trust Co decreased its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 22.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,107 shares of the company’s stock after selling 2,000 shares during the period. Argent Trust Co’s holdings in Archer-Daniels-Midland were worth $430,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Cherry Tree Wealth Management LLC purchased a new position in Archer-Daniels-Midland in the 1st quarter worth about $27,000. Riverview Trust Co purchased a new position in shares of Archer-Daniels-Midland during the second quarter valued at approximately $27,000. Crewe Advisors LLC bought a new position in Archer-Daniels-Midland during the first quarter valued at approximately $30,000. Rise Advisors LLC purchased a new stake in Archer-Daniels-Midland in the first quarter worth approximately $34,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in Archer-Daniels-Midland in the 1st quarter worth approximately $34,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Insider Activity

In other Archer-Daniels-Midland news, 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 owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland 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 transaction, the chief executive officer now owns 265,210 shares in the company, valued at $16,047,857.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 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. Insiders sold a total of 219,348 shares of company stock worth $13,296,833 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of Archer-Daniels-Midland stock opened at $62.46 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $80.14. The stock’s 50-day simple moving average is $60.81 and its 200-day simple moving average is $60.87. The company has a market capitalization of $30.88 billion, a price-to-earnings ratio of 10.96 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 12.06% and a net margin of 2.93%. During the same quarter in the previous year, the company earned $1.89 earnings per share. The company’s revenue for the quarter was down 11.7% compared to the same quarter last year. As a group, analysts expect that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The business 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 dividend yield of 3.20%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.

Analyst Upgrades and Downgrades

ADM has been the subject of several research analyst reports. 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. Citigroup reduced their price target on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research report 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 report on Wednesday, July 31st. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $65.62.

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.