Tobam Has $1.39 Million Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Tobam lessened its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADMFree Report) by 59.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,249 shares of the company’s stock after selling 33,466 shares during the quarter. Tobam’s holdings in Archer-Daniels-Midland were worth $1,389,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Cherry Tree Wealth Management LLC acquired a new position in shares of Archer-Daniels-Midland in the first quarter valued at approximately $27,000. Riverview Trust Co bought a new position in Archer-Daniels-Midland during the 2nd quarter worth $27,000. Altshuler Shaham Ltd bought a new stake in shares of Archer-Daniels-Midland in the second quarter valued at about $28,000. Crewe Advisors LLC acquired a new position in shares of Archer-Daniels-Midland in the first quarter valued at about $30,000. Finally, Rise Advisors LLC bought a new position in Archer-Daniels-Midland during the first quarter worth about $34,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Price Performance

Shares of NYSE:ADM traded down $0.04 during trading on Thursday, hitting $56.93. 889,288 shares of the company were exchanged, compared to its average volume of 4,401,492. Archer-Daniels-Midland Company has a 1-year low of $50.72 and a 1-year high of $77.35. The business’s 50 day moving average is $59.58 and its 200-day moving average is $61.05. 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 capitalization of $28.15 billion, a P/E ratio of 9.99 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADMGet Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.19). The business had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.12 billion. Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.89 EPS. Equities analysts forecast that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 35.09%.

Analysts Set New Price Targets

ADM has been the subject of a number of recent analyst reports. UBS Group upped their target price on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. increased their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Citigroup decreased their target price on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $65.62.

Get Our Latest Stock Report on ADM

Insiders Place Their Bets

In other news, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $16,047,857.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland 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 completion of the sale, the chief executive officer now owns 265,210 shares in the company, valued at $16,177,810. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Juan R. Luciano sold 170,194 shares of the 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 transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,047,857.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 219,348 shares of company stock worth $13,296,833. 1.20% of the stock is currently owned by insiders.

Archer-Daniels-Midland Company Profile

(Free Report)

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.

Featured Stories

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:ADMFree Report).

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

Receive News & Ratings for Archer-Daniels-Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer-Daniels-Midland and related companies with MarketBeat.com's FREE daily email newsletter.