Kentucky Retirement Systems Sells 3,248 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Kentucky Retirement Systems lessened its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 8.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,259 shares of the company’s stock after selling 3,248 shares during the period. Kentucky Retirement Systems’ holdings in Archer-Daniels-Midland were worth $2,252,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ADM shares. 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 research report on Monday, September 9th. Citigroup cut their price target 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. Finally, JPMorgan Chase & Co. lifted their price objective 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 investment analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $65.62.

Archer-Daniels-Midland Stock Down 1.7 %

Archer-Daniels-Midland stock opened at $61.36 on Friday. The firm has a market capitalization of $30.34 billion, a price-to-earnings ratio of 10.76 and a beta of 0.72. The firm’s fifty day moving average price is $60.75 and its two-hundred day moving average price is $60.92. Archer-Daniels-Midland Company has a 1-year low of $50.72 and a 1-year high of $79.51. 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 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 net margin of 2.93% and a return on equity of 12.06%. Archer-Daniels-Midland’s revenue was down 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.89 EPS. On average, equities research analysts predict that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

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

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 45,471 shares of the company’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 completion of the sale, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,177,810. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Juan R. Luciano sold 45,471 shares of the business’s stock in a transaction dated 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 directly owns 265,210 shares in the company, valued at $16,177,810. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 219,348 shares of company stock worth $13,296,833. Corporate 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.