Country Club Bank Sells 315 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Country Club Bank trimmed its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 1.5% during the third quarter, HoldingsChannel reports. The firm owned 20,533 shares of the company’s stock after selling 315 shares during the quarter. Country Club Bank’s holdings in Archer-Daniels-Midland were worth $1,232,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADM. Wealth Enhancement Advisory Services LLC boosted its position in shares of Archer-Daniels-Midland by 6.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 37,486 shares of the company’s stock worth $2,355,000 after purchasing an additional 2,126 shares in the last quarter. SteelPeak Wealth LLC bought a new stake in Archer-Daniels-Midland in the 1st quarter valued at $2,249,000. Oak Thistle LLC bought a new stake in Archer-Daniels-Midland in the 1st quarter valued at $347,000. Silverlake Wealth Management LLC lifted its position in Archer-Daniels-Midland by 9.1% in the 1st quarter. Silverlake Wealth Management LLC now owns 4,373 shares of the company’s stock valued at $275,000 after acquiring an additional 366 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in Archer-Daniels-Midland by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 57,863 shares of the company’s stock valued at $3,634,000 after acquiring an additional 265 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Insider Activity

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction that occurred 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 in the company, valued at $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 SEC, which is available through this hyperlink. In other news, CEO Juan R. Luciano sold 45,471 shares of the business’s stock in a transaction that occurred on 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 directly owns 265,210 shares in the company, valued at approximately $16,177,810. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction on Tuesday, September 3rd. The stock was 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 219,348 shares of company stock worth $13,296,833. 1.20% of the stock is owned by company insiders.

Archer-Daniels-Midland Stock Up 0.1 %

Shares of NYSE ADM opened at $56.56 on Friday. The firm has a market cap of $27.97 billion, a PE ratio of 9.92 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. The company’s fifty day simple moving average is $59.21 and its 200 day simple moving average is $60.56. 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 (NYSE:ADM) last announced its 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). Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The firm had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $23.12 billion. During the same quarter in the prior year, the company earned $1.89 EPS. The business’s revenue for the quarter was down 11.7% on a year-over-year basis. As a group, sell-side analysts forecast that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.54%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 35.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. 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 report on Monday, July 15th. UBS Group boosted their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, JPMorgan Chase & Co. boosted 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 equities research analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $64.83.

Archer-Daniels-Midland Company 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.