HM Payson & Co. Sells 1,881 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

HM Payson & Co. decreased its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 33.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,691 shares of the company’s stock after selling 1,881 shares during the quarter. HM Payson & Co.’s holdings in Archer-Daniels-Midland were worth $221,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings in shares of Archer-Daniels-Midland by 15,790.1% during the second quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company’s stock worth $459,232,000 after buying an additional 7,549,083 shares during the last quarter. Vanguard Group Inc. increased its position in 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 acquiring an additional 7,320,289 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in Archer-Daniels-Midland by 141.6% during the 1st 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. AQR Capital Management LLC boosted its holdings in Archer-Daniels-Midland by 73.6% in the 2nd quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company’s stock valued at $170,960,000 after purchasing an additional 1,199,992 shares during the period. Finally, ProShare Advisors LLC grew its position in Archer-Daniels-Midland by 40.7% in the 1st quarter. ProShare Advisors LLC now owns 3,309,140 shares of the company’s stock worth $207,847,000 after purchasing an additional 957,270 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analysts Set New Price Targets

ADM has been the subject of a number of research analyst reports. UBS Group increased their target price 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. Citigroup cut their price target on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Monday, July 15th. Finally, JPMorgan Chase & Co. lifted their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $63.82.

Insiders Place Their Bets

In related news, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction dated 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 transaction, the chief executive officer now directly 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were 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 owns 265,210 shares in the company, valued at approximately $16,177,810. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Juan R. Luciano sold 3,683 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 219,348 shares of company stock valued at $13,296,833. 1.20% of the stock is currently owned by corporate insiders.

Archer-Daniels-Midland Stock Down 1.0 %

Shares of NYSE:ADM opened at $54.64 on Friday. The company has a market capitalization of $26.13 billion, a PE ratio of 10.97 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. The company’s fifty day moving average is $58.84 and its 200-day moving average is $60.36. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $77.35.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.19). The firm had revenue of $22.25 billion for the quarter, compared to analyst estimates of $23.12 billion. Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The business’s quarterly revenue was down 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.89 EPS. Equities research analysts predict that Archer-Daniels-Midland Company will post 5.16 earnings per share for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The firm 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 was Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 3.66%. Archer-Daniels-Midland’s payout ratio is 40.16%.

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.