Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC trimmed its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADMGet Rating) by 49.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,285 shares of the company’s stock after selling 24,992 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Archer-Daniels-Midland were worth $1,962,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital International Investors purchased a new position in Archer-Daniels-Midland during the 1st quarter valued at about $847,508,000. Norges Bank purchased a new position in Archer-Daniels-Midland during the 4th quarter valued at about $402,080,000. CFS Investment Advisory Services LLC boosted its holdings in Archer-Daniels-Midland by 8,828.5% during the 1st 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. Capital World Investors boosted its holdings in Archer-Daniels-Midland by 7.5% during the 1st quarter. Capital World Investors now owns 43,379,355 shares of the company’s stock valued at $3,915,421,000 after acquiring an additional 3,016,611 shares during the period. Finally, BlackRock Inc. boosted its holdings in Archer-Daniels-Midland by 6.8% during the 1st quarter. BlackRock Inc. now owns 41,829,477 shares of the company’s stock valued at $3,775,525,000 after acquiring an additional 2,665,942 shares during the period. 78.10% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ADM shares. StockNews.com upgraded Archer-Daniels-Midland from a “hold” rating to a “buy” rating in a research note on Friday, September 16th. Seaport Res Ptn reiterated a “buy” rating on shares of Archer-Daniels-Midland in a research note on Wednesday, July 27th. Finally, Wolfe Research started coverage on Archer-Daniels-Midland in a research note on Friday, August 12th. They issued an “outperform” rating and a $117.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Archer-Daniels-Midland currently has a consensus rating of “Moderate Buy” and an average target price of $88.42.

Archer-Daniels-Midland Stock Down 5.1 %

ADM stock traded down $4.42 during trading on Friday, hitting $81.65. 3,569,210 shares of the company’s stock were exchanged, compared to its average volume of 3,488,772. The business has a 50-day moving average price of $84.20 and a two-hundred day moving average price of $85.18. The stock has a market capitalization of $45.77 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 1.81 and a beta of 0.77. Archer-Daniels-Midland Company has a 52-week low of $59.42 and a 52-week high of $98.88. The company has a current ratio of 1.47, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.72 by $0.43. The company had revenue of $27.28 billion for the quarter, compared to analyst estimates of $24.87 billion. Archer-Daniels-Midland had a return on equity of 15.98% and a net margin of 3.81%. The firm’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 earnings per share. As a group, equities research analysts expect that Archer-Daniels-Midland Company will post 6.84 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Wednesday, August 17th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.96%. Archer-Daniels-Midland’s dividend payout ratio (DPR) 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)

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.