Cromwell Holdings LLC Sells 463 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Cromwell Holdings LLC lessened its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 36.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 823 shares of the company’s stock after selling 463 shares during the period. Cromwell Holdings LLC’s holdings in Archer-Daniels-Midland were worth $49,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ADM. Cherry Tree Wealth Management LLC purchased a new stake in shares of Archer-Daniels-Midland in the first quarter worth approximately $27,000. Riverview Trust Co purchased a new stake in Archer-Daniels-Midland in the 2nd quarter valued at $27,000. Altshuler Shaham Ltd bought a new position in Archer-Daniels-Midland during the 2nd quarter valued at $28,000. Crewe Advisors LLC purchased a new position in Archer-Daniels-Midland during the 1st quarter worth $30,000. Finally, BOK Financial Private Wealth Inc. purchased a new stake in shares of Archer-Daniels-Midland in the first quarter valued at about $34,000. Institutional investors own 78.28% of the company’s stock.

Insider Activity at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction dated 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 owns 265,210 shares of the company’s stock, valued at $16,047,857.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Juan R. Luciano sold 170,194 shares of the company’s 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 219,348 shares of company stock worth $13,296,833. 1.20% of the stock is owned by company insiders.

Archer-Daniels-Midland Price Performance

NYSE ADM opened at $56.56 on Friday. 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 market cap of $27.97 billion, a PE ratio of 9.92 and a beta of 0.72. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $77.35. The firm’s 50-day simple moving average is $59.26 and its two-hundred day simple moving average is $60.63.

Archer-Daniels-Midland (NYSE:ADM) last announced 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 business had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $23.12 billion. During the same quarter in the previous year, the company posted $1.89 earnings per share. The business’s quarterly revenue was down 11.7% compared to the same quarter last year. Research analysts predict that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

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

Wall Street Analysts Forecast Growth

ADM has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Citigroup reduced their target price 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, UBS Group lifted their price target on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. One research analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. According to data from MarketBeat, Archer-Daniels-Midland has a consensus rating of “Hold” and a consensus price target of $64.83.

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.