Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its stake in shares of Archer-Daniels-Midland Company (NYSE:ADMGet Rating) by 4.2% during the first quarter, Holdings Channel.com reports. The fund owned 39,523 shares of the company’s stock after selling 1,720 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Archer-Daniels-Midland were worth $3,567,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ADM. Hanseatic Management Services Inc. acquired a new position in shares of Archer-Daniels-Midland during the first quarter valued at approximately $26,000. Hoey Investments Inc. acquired a new position in shares of Archer-Daniels-Midland during the first quarter valued at approximately $27,000. Bivin & Associates Inc. acquired a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $28,000. Massmutual Trust Co. FSB ADV increased its stake in shares of Archer-Daniels-Midland by 84.8% during the first quarter. Massmutual Trust Co. FSB ADV now owns 316 shares of the company’s stock valued at $29,000 after acquiring an additional 145 shares during the period. Finally, CFS Investment Advisory Services LLC increased its stake in shares of Archer-Daniels-Midland by 8,828.5% during the first quarter. CFS Investment Advisory Services LLC now owns 3,100,702 shares of the company’s stock valued at $34,000 after acquiring an additional 3,065,974 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

Analysts Set New Price Targets

ADM has been the topic of a number of research analyst reports. Wolfe Research started coverage on shares of Archer-Daniels-Midland in a research note on Friday, August 12th. They set an “outperform” rating and a $117.00 price objective on the stock. Seaport Res Ptn restated a “buy” rating on shares of Archer-Daniels-Midland in a research report on Wednesday, July 27th. Finally, StockNews.com upgraded shares of Archer-Daniels-Midland from a “hold” rating to a “buy” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $88.42.

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, SVP Gregory A. Morris sold 117,839 shares of Archer-Daniels-Midland stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $83.47, for a total transaction of $9,836,021.33. Following the completion of the sale, the senior vice president now owns 231,454 shares of the company’s stock, valued at approximately $19,319,465.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Juan R. Luciano sold 284,531 shares of Archer-Daniels-Midland stock in a transaction on Friday, September 9th. The shares were sold at an average price of $91.20, for a total value of $25,949,227.20. Following the transaction, the chief executive officer now owns 412,842 shares in the company, valued at approximately $37,651,190.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Gregory A. Morris sold 117,839 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $83.47, for a total transaction of $9,836,021.33. Following the transaction, the senior vice president now owns 231,454 shares in the company, valued at approximately $19,319,465.38. The disclosure for this sale can be found here. Insiders sold 402,470 shares of company stock valued at $35,794,063 in the last quarter. Company insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Trading Down 0.6 %

Archer-Daniels-Midland stock opened at $84.77 on Monday. The company has a 50 day moving average price of $83.07 and a 200 day moving average price of $85.07. Archer-Daniels-Midland Company has a 52 week low of $58.60 and a 52 week high of $98.88. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.47. The firm has a market capitalization of $47.52 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 1.78 and a beta of 0.77.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.43. Archer-Daniels-Midland had a net margin of 3.81% and a return on equity of 15.98%. The firm had revenue of $27.28 billion during the quarter, compared to analyst estimates of $24.87 billion. During the same quarter last year, the business posted $1.33 EPS. The company’s revenue was up 19.0% on a year-over-year basis. Research analysts forecast that Archer-Daniels-Midland Company will post 6.84 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Wednesday, August 17th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.89%. Archer-Daniels-Midland’s dividend payout ratio is 25.20%.

Archer-Daniels-Midland Profile

(Get Rating)

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, Cayman Islands, Brazil, Mexico, the United Kingdom, and internationally. The company operates through three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

Further Reading

Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer-Daniels-Midland Company (NYSE:ADMGet Rating).

Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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