Northwestern Mutual Wealth Management Co. Has $1.67 Million Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Northwestern Mutual Wealth Management Co. cut its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 3.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,660 shares of the company’s stock after selling 1,017 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Archer-Daniels-Midland were worth $1,672,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of 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 worth $4,260,165,000 after purchasing an additional 7,320,289 shares during the period. Wellington Management Group LLP grew its holdings in shares of 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 acquiring an additional 1,532,284 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Archer-Daniels-Midland by 15,790.1% in the second quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company’s stock worth $459,232,000 after acquiring an additional 7,549,083 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Archer-Daniels-Midland by 40.7% during the first quarter. ProShare Advisors LLC now owns 3,309,140 shares of the company’s stock worth $207,847,000 after acquiring an additional 957,270 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in 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 purchasing an additional 1,753,077 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

ADM has been the subject of several recent research reports. Citigroup lowered their price target on 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. JPMorgan Chase & Co. boosted their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, UBS Group raised 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. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to data from MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of “Hold” and an average price target of $65.62.

Insider Transactions at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 3,683 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Juan R. Luciano sold 45,471 shares of the company’s 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 directly owns 265,210 shares in the company, valued at approximately $16,177,810. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Juan R. Luciano sold 3,683 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 219,348 shares of company stock valued at $13,296,833. 1.20% of the stock is owned by corporate insiders.

Archer-Daniels-Midland Trading Up 1.3 %

Shares of Archer-Daniels-Midland stock opened at $59.23 on Friday. The company has a market cap of $29.29 billion, a price-to-earnings ratio of 10.39 and a beta of 0.72. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $77.35. The company’s fifty day simple moving average is $59.87 and its 200-day simple moving average is $61.13. 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 posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share (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 the consensus estimate of $23.12 billion. During the same quarter in the previous year, the firm posted $1.89 EPS. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year. As a group, sell-side analysts expect that Archer-Daniels-Midland Company will post 5.33 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The company also recently disclosed 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 of this dividend was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.38%. Archer-Daniels-Midland’s dividend payout ratio is currently 35.09%.

About Archer-Daniels-Midland

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.