LSV Asset Management cut its stake in Archer-Daniels-Midland Company (NYSE:ADM – Free Report) by 1.8% in the second quarter, HoldingsChannel.com reports. The fund owned 2,468,079 shares of the company’s stock after selling 46,100 shares during the period. LSV Asset Management’s holdings in Archer-Daniels-Midland were worth $149,195,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the stock. NBC Securities Inc. grew its stake 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 worth $114,000 after acquiring an additional 159 shares during the period. Quent Capital LLC grew 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 worth $130,000 after acquiring an additional 164 shares during the period. Focused Wealth Management Inc grew 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 worth $323,000 after acquiring an additional 169 shares during the period. Accordant Advisory Group Inc grew 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 worth $1,418,000 after acquiring an additional 176 shares during the period. Finally, CHICAGO TRUST Co NA grew its stake in shares of Archer-Daniels-Midland by 4.4% in the first quarter. CHICAGO TRUST Co NA now owns 4,207 shares of the company’s stock worth $264,000 after acquiring an additional 177 shares during the period. 78.28% of the stock is currently owned by institutional investors.
Archer-Daniels-Midland Price Performance
Archer-Daniels-Midland stock traded down $0.60 during mid-day trading on Friday, reaching $59.47. 2,641,536 shares of the company’s stock traded hands, compared to its average volume of 4,629,167. The company has a market cap of $29.40 billion, a price-to-earnings ratio of 10.43 and a beta of 0.72. The stock has a 50 day moving average of $61.27 and a two-hundred day moving average of $60.49. 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 Company has a 12-month low of $50.72 and a 12-month high of $80.96.
Archer-Daniels-Midland Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio is currently 35.09%.
Analyst Upgrades and Downgrades
ADM has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price 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. Citigroup cut their target price on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $64.62.
View Our Latest Stock Analysis on Archer-Daniels-Midland
Insider Activity
In other news, 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 sale, 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 is available at this hyperlink. In other news, 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 sale, 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 is available at this hyperlink. Also, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction 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 approximately $16,177,810. 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 company 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.
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