Pointe Capital Management LLC Sells 2,050 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Pointe Capital Management LLC decreased its position in Archer-Daniels-Midland Company (NYSE:ADM) by 20.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,757 shares of the company’s stock after selling 2,050 shares during the quarter. Pointe Capital Management LLC’s holdings in Archer-Daniels-Midland were worth $463,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Quent Capital LLC grew its holdings in shares of Archer-Daniels-Midland by 8.2% in the 2nd quarter. Quent Capital LLC now owns 2,158 shares of the company’s stock worth $130,000 after purchasing an additional 164 shares during the last quarter. Focused Wealth Management Inc grew its holdings in Archer-Daniels-Midland by 3.3% during the 2nd 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 last quarter. Accordant Advisory Group Inc grew its holdings in Archer-Daniels-Midland by 0.8% during the 2nd 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 last quarter. Ameritas Investment Partners Inc. grew its holdings in Archer-Daniels-Midland by 0.7% during the 1st quarter. Ameritas Investment Partners Inc. now owns 25,107 shares of the company’s stock worth $1,577,000 after acquiring an additional 178 shares during the last quarter. Finally, Legacy Capital Group California Inc. grew its holdings in Archer-Daniels-Midland by 1.2% during the 2nd quarter. Legacy Capital Group California Inc. now owns 15,327 shares of the company’s stock worth $927,000 after acquiring an additional 181 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Up 0.1 %

NYSE ADM traded up $0.06 during trading on Friday, reaching $56.56. 1,815,326 shares of the stock traded hands, compared to its average volume of 4,288,112. The firm has a market cap of $27.97 billion, a price-to-earnings ratio of 9.92 and a beta of 0.72. The stock’s 50-day moving average price is $59.21 and its 200 day moving average price is $60.56. 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 fifty-two week low of $50.72 and a fifty-two week high of $77.35.

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

Archer-Daniels-Midland Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have commented on ADM. 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 report on Wednesday, July 31st. UBS Group increased their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, Citigroup reduced 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 research note on Monday, July 15th. One investment analyst has rated the stock with a sell rating and fourteen have given a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $64.83.

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction that occurred 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 transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction that occurred 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 transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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. 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 corporate insiders.

Archer-Daniels-Midland Company 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.