Folger Nolan Fleming Douglas Capital Management Inc. Sells 3,434 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Folger Nolan Fleming Douglas Capital Management Inc. reduced its position in Archer-Daniels-Midland Company (NYSE:ADM) by 21.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,794 shares of the company’s stock after selling 3,434 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Archer-Daniels-Midland were worth $764,000 at the end of the most recent reporting period.

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

Archer-Daniels-Midland Price Performance

Shares of NYSE ADM opened at $55.53 on Thursday. The stock has a market capitalization of $26.55 billion, a price-to-earnings ratio of 11.15 and a beta of 0.72. The firm has a 50-day simple moving average of $59.04 and a 200-day simple moving average of $60.43. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $77.35. 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 (NYSE:ADM) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.19). The business had revenue of $22.25 billion for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company posted $1.89 earnings per share. On average, equities analysts predict that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current fiscal 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 $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.60%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio is currently 40.16%.

Insider Buying and Selling at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 3,683 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Juan R. Luciano sold 3,683 shares of the stock in a transaction on Wednesday, August 28th. The stock was 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 $16,177,810. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 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 approximately $16,047,857.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 219,348 shares of company stock valued at $13,296,833 in the last 90 days. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

ADM has been the subject of a number of recent research reports. Citigroup reduced their price target on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. JPMorgan Chase & Co. boosted their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, UBS Group increased their price target on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $63.82.

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.