Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 50.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 899,241 shares of the company’s stock after selling 902,188 shares during the period. Hsbc Holdings PLC owned about 0.18% of Archer-Daniels-Midland worth $54,374,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ADM. Cherry Tree Wealth Management LLC acquired a new stake in Archer-Daniels-Midland in the first quarter valued at approximately $27,000. Riverview Trust Co acquired a new stake in Archer-Daniels-Midland in the second quarter valued at approximately $27,000. Crewe Advisors LLC acquired a new stake in Archer-Daniels-Midland in the first quarter valued at approximately $30,000. Rise Advisors LLC acquired a new stake in Archer-Daniels-Midland in the first quarter valued at approximately $34,000. Finally, BOK Financial Private Wealth Inc. acquired a new stake in Archer-Daniels-Midland in the first quarter valued at approximately $34,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction 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 in the company, valued at $16,047,857.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction 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 in the company, valued at $16,047,857.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland 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 completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. The disclosure for this sale can be found here. Insiders have sold 219,348 shares of company stock worth $13,296,833 over the last quarter. 1.20% of the stock is currently owned by company insiders.

Archer-Daniels-Midland Stock Performance

Shares of Archer-Daniels-Midland stock opened at $61.36 on Friday. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $79.51. The company has a market cap of $30.34 billion, a price-to-earnings ratio of 10.76 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. The business’s 50 day moving average price is $60.75 and its 200 day moving average price is $60.92.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results 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 business had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $23.12 billion. During the same quarter in the prior year, the firm earned $1.89 EPS. Archer-Daniels-Midland’s revenue for the quarter was down 11.7% compared to the same quarter last year. On average, research analysts predict that Archer-Daniels-Midland Company will post 5.33 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were given a $0.50 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.26%. Archer-Daniels-Midland’s dividend payout ratio is currently 35.09%.

Wall Street Analyst Weigh In

Several analysts have commented on ADM shares. Citigroup dropped their price objective on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. UBS Group lifted 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. Finally, JPMorgan Chase & Co. lifted 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. One equities research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to MarketBeat.com, Archer-Daniels-Midland currently has an average rating of “Hold” and a consensus target price 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.