West Oak Capital LLC Has $38,000 Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

West Oak Capital LLC reduced its position in Archer-Daniels-Midland Company (NYSE:ADM) by 73.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 635 shares of the company’s stock after selling 1,785 shares during the period. West Oak Capital LLC’s holdings in Archer-Daniels-Midland were worth $38,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ADM. NBC Securities Inc. increased its position in Archer-Daniels-Midland by 9.6% in the 1st quarter. NBC Securities Inc. now owns 1,815 shares of the company’s stock worth $114,000 after purchasing an additional 159 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Archer-Daniels-Midland by 33.3% during the 1st quarter. GAMMA Investing LLC now owns 3,961 shares of the company’s stock worth $249,000 after acquiring an additional 989 shares in the last quarter. Alaska Permanent Fund Corp bought a new stake in shares of Archer-Daniels-Midland during the 1st quarter worth about $1,389,000. Czech National Bank boosted its stake in Archer-Daniels-Midland by 0.5% during the 1st quarter. Czech National Bank now owns 93,871 shares of the company’s stock valued at $5,896,000 after purchasing an additional 452 shares during the period. Finally, Banque Cantonale Vaudoise boosted its stake in Archer-Daniels-Midland by 83.7% during the 1st quarter. Banque Cantonale Vaudoise now owns 29,914 shares of the company’s stock valued at $1,879,000 after purchasing an additional 13,626 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADM has been the subject of several recent analyst reports. Citigroup decreased their target price 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. raised their price objective on 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 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. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $65.62.

Insiders Place Their Bets

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 value of $224,663.00. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares in the company, 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 filing with the SEC, which is accessible through this link. In other 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 completion of the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,047,857.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Juan R. Luciano sold 3,683 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total value of $224,663.00. Following the completion of the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. 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 a total of 219,348 shares of company stock valued at $13,296,833 over the last 90 days. 1.20% of the stock is currently owned by insiders.

Archer-Daniels-Midland Stock Performance

ADM opened at $56.40 on Friday. The business’s 50-day moving average price is $59.45 and its two-hundred day moving average price is $60.82. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $77.35. The company has a market capitalization of $27.89 billion, a price-to-earnings ratio of 9.89 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results 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). The firm had revenue of $22.25 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.89 EPS. Equities analysts expect that Archer-Daniels-Midland Company will post 5.33 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 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.