Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lowered its position in Archer-Daniels-Midland Company (NYSE:ADM) by 4.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,929 shares of the company’s stock after selling 8,159 shares during the period. Cetera Investment Advisers’ holdings in Archer-Daniels-Midland were worth $11,421,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Rafferty Asset Management LLC raised its position in shares of Archer-Daniels-Midland by 3.6% in the 4th quarter. Rafferty Asset Management LLC now owns 41,378 shares of the company’s stock worth $2,988,000 after buying an additional 1,441 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Archer-Daniels-Midland by 22.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 50,697 shares of the company’s stock valued at $3,661,000 after acquiring an additional 9,216 shares during the period. 1832 Asset Management L.P. boosted its stake in Archer-Daniels-Midland by 15.6% in the fourth quarter. 1832 Asset Management L.P. now owns 31,313 shares of the company’s stock valued at $2,261,000 after acquiring an additional 4,217 shares during the period. Public Employees Retirement Association of Colorado raised its holdings in shares of Archer-Daniels-Midland by 241.9% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 80,230 shares of the company’s stock valued at $5,794,000 after buying an additional 56,767 shares during the last quarter. Finally, Stephens Inc. AR raised its holdings in shares of Archer-Daniels-Midland by 1.6% during the fourth quarter. Stephens Inc. AR now owns 39,948 shares of the company’s stock valued at $2,885,000 after buying an additional 648 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Ratings Changes

ADM has been the topic of several recent research reports. UBS Group lifted their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. increased 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 dropped 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. One investment analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to data from MarketBeat, Archer-Daniels-Midland currently has a consensus rating of “Hold” and an average price target of $65.62.

Archer-Daniels-Midland Stock Up 1.3 %

Shares of NYSE ADM opened at $59.23 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 $77.35. The firm’s fifty day moving average is $59.87 and its 200 day moving average is $61.13. 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 (NYSE:ADM) last announced 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). The business had revenue of $22.25 billion for 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%. The business’s quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.89 EPS. On average, equities research analysts expect 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 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 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 35.09%.

Insider Buying and Selling

In other news, CEO Juan R. Luciano sold 45,471 shares of the business’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 sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,047,857.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Juan R. Luciano sold 45,471 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 219,348 shares of company stock worth $13,296,833. Insiders own 1.20% of the company’s stock.

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.