ProShare Advisors LLC Trims Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

ProShare Advisors LLC cut its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 11.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,935,823 shares of the company’s stock after selling 373,317 shares during the quarter. ProShare Advisors LLC owned approximately 0.59% of Archer-Daniels-Midland worth $177,470,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cherry Tree Wealth Management LLC bought a new position in shares of Archer-Daniels-Midland during the first quarter valued at approximately $27,000. Riverview Trust Co bought 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 shares of Archer-Daniels-Midland during the first quarter valued at approximately $30,000. Rise Advisors LLC bought a new position in shares of Archer-Daniels-Midland during the first quarter valued at approximately $34,000. Finally, BOK Financial Private Wealth Inc. bought a new position in shares of Archer-Daniels-Midland during the first quarter valued at approximately $34,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Juan R. Luciano sold 170,194 shares of the firm’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 $16,047,857.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related 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 transaction of $2,773,731.00. Following the completion of the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland 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 directly 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. Insiders sold a total of 219,348 shares of company stock valued at $13,296,833 over the last 90 days. Insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Trading Down 1.7 %

NYSE:ADM opened at $61.36 on Friday. Archer-Daniels-Midland Company has a 12 month low of $50.72 and a 12 month high of $79.51. The firm has a fifty day simple moving average of $60.75 and a 200-day simple moving average of $60.97. 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 company has a market capitalization of $30.34 billion, a P/E ratio of 10.76 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.19). Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The company had revenue of $22.25 billion for the quarter, compared to analyst estimates of $23.12 billion. During the same quarter in the previous year, the firm posted $1.89 earnings per share. The company’s quarterly revenue was down 11.7% on a year-over-year basis. On average, equities research analysts anticipate that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.26%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ADM. UBS Group increased their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. raised 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. Finally, Citigroup lowered 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 research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $65.62.

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.