Vontobel Holding Ltd. Has $896,000 Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Vontobel Holding Ltd. cut its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 4.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,995 shares of the company’s stock after selling 743 shares during the period. Vontobel Holding Ltd.’s holdings in Archer-Daniels-Midland were worth $896,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Cherry Tree Wealth Management LLC bought a new position in Archer-Daniels-Midland in the first quarter valued at approximately $27,000. Riverview Trust Co bought a new position in shares of Archer-Daniels-Midland in the 2nd quarter worth $27,000. Altshuler Shaham Ltd acquired a new stake in shares of Archer-Daniels-Midland during the second quarter worth $28,000. Crewe Advisors LLC bought a new stake in Archer-Daniels-Midland in the first quarter valued at about $30,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in Archer-Daniels-Midland in the first quarter valued at about $34,000. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

NYSE ADM opened at $56.40 on Monday. The firm’s 50 day moving average is $59.45 and its 200-day moving average is $60.80. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $27.89 billion, a PE ratio of 9.89 and a beta of 0.72. Archer-Daniels-Midland Company has a 12-month low of $50.72 and a 12-month high of $77.35.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing the consensus estimate 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 return on equity of 12.06% and a net margin of 2.93%. The company’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same period last year, the firm earned $1.89 earnings per share. Equities research analysts anticipate 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. Shareholders of record on Wednesday, August 21st were paid 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 3.55%. Archer-Daniels-Midland’s dividend payout ratio is 35.09%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ADM. UBS Group upped their price target on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Citigroup reduced their price target on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. Finally, JPMorgan Chase & Co. upped 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 report on Wednesday, July 31st. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $65.62.

Insiders Place Their Bets

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the company’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 sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Juan R. Luciano sold 3,683 shares of the business’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 transaction of $224,663.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,047,857.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 219,348 shares of company stock valued at $13,296,833 in the last 90 days. 1.20% of the stock is currently owned by insiders.

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.