Shares of Archer-Daniels-Midland Company (NYSE:ADM) sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its stake in Archer-Daniels-Midland Company (NYSE:ADM – Free Report) by 30.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,454 shares of the company’s stock after selling 25,573 shares during the quarter. The holdings of Envestnet Asset Management Inc. holdings in Archer-Daniels-Midland were worth $3,473,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. NBC Securities Inc. boosted its holdings in shares of Archer-Daniels-Midland by 9.6% in the first quarter. NBC Securities Inc. now owns 1,815 shares of the company’s stock valued at $114,000 after buying an additional 159 shares during the period. Quent Capital LLC raised its stake in shares of Archer-Daniels-Midland by 8.2% in the second quarter. Quent Capital LLC now owns 2,158 shares of the company’s stock valued at $130,000 after purchasing an additional 164 shares during the last quarter. Focused Wealth Management Inc raised its stake in shares of Archer-Daniels-Midland by 3.3% in the second quarter. Focused Wealth Management Inc now owns 5,338 shares of the company’s stock valued at $323,000 after buying an additional 169 shares in the last quarter. Accordant Advisory Group Inc raised its stake in shares of Archer-Daniels-Midland by 0.8% in the second quarter. Accordant Advisory Group Inc now owns 23,462 shares of the company’s stock valued at $1,418,000 after buying an additional 176 shares in the last quarter. Finally, CHICAGO TRUST Co NA raised its stake in shares of Archer-Daniels-Midland by 4.4% in the 1st quarter. CHICAGO TRUST Co NA now owns 4,207 shares of the company’s stock valued at $264,000 after purchasing an additional 177 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s shares.

The Wall Street analyst weighs in

ADM has been the subject of several research analyst reports. Citigroup cut their price objective on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. JPMorgan Chase & Co. upped their target price on 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, UBS Group lifted 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, 9 September. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. Archer-Daniels-Midland currently has a consensus rating of “Hold” and a consensus price target of $65.62, according to MarketBeat.com.

See the latest stock analysis on Archer-Daniels-Midland

Archer-Daniels-Midland trading down 1.2%

Shares of ADM stock opened at $58.79 on Thursday. 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 50 day moving average price of $60.06 and a two hundred day moving average price of $61.16. Archer-Daniels-Midland Company has a 12-month low of $50.72 and a 12-month high of $77.35. The firm has a market cap of $29.07 billion, a P/E ratio of 10.31 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM – Get Your Free Report ) last posted its quarterly 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). Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The company had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $23.12 billion. During the same period in the previous year, the company earned $1.89 EPS. The company’s revenue for the quarter was down 11.7% year over year. equities analysts predict that Archer-Daniels-Midland Company will post 5.33 EPS for the current fiscal year.

Archer-Daniels-Midland announces dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21. This represents a dividend of $2.00 on an annualized basis and a dividend yield of 3.40%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 35.09%.

Insider activity at Archer-Daniels-Midland

In other 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 sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. In related news, CEO Juan R. Luciano sold 45,471 shares of the 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 transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC’s 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 value of $10,298,438.94. Following the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,047,857.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 219,348 shares of company stock worth $13,296,833. Corporate insiders own 1.20% of the company’s shares.

About Archer-Daniels-Midland

(Free Report)

Archer-Daniels-Midland is engaged in the procurement, transportation, storage, processing and marketing of agricultural products, ingredients, flavors and solutions in the United States, Switzerland, Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Agricultural Services and Oilseeds, Carbohydrate Solutions and Nutrition.

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