Archer-Daniels-Midland (NYSE:ADM) Trading Down 3.5% - Time to Sell?

Archer-Daniels-Midland Company (NYSE:ADM - Get Free Report)'s stock price was down 3.5% on Friday . The company traded as low as $56.55 and last traded at $56.56. Approximately 900,150 shares changed hands during trading, a decline of 79% from the average daily volume of 4,326,981 shares. The stock had previously closed at $58.63.

Wall Street Analyst Weigh In

A number of analysts have commented on ADM shares. UBS Group boosted their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a "neutral" rating in a research note on Monday, September 9th. JPMorgan Chase & Co. boosted their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 31st. Finally, Citigroup dropped their price target on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a "neutral" rating on the stock in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $65.62.

Archer-Daniels-Midland Stock Down 3.8 %

The company has a market capitalization of $27.89 billion, a PE ratio of 9.87 and a beta of 0.72. The stock's fifty day moving average is $59.49 and its two-hundred day moving average is $60.86. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its 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 company had revenue of $22.25 billion during the quarter, compared to analysts' expectations 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 was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.89 earnings per share. As a group, analysts predict that Archer-Daniels-Midland Company will post 5.33 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.55%. Archer-Daniels-Midland's payout ratio is 35.09%.

Insider Activity at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 3,683 shares of the firm's 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 completion of the transaction, the chief executive officer now directly owns 265,210 shares of the company's stock, valued at approximately $16,177,810. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Juan R. Luciano sold 3,683 shares of the business's stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total transaction of $224,663.00. Following the transaction, the chief executive officer now directly owns 265,210 shares of the company's stock, valued at approximately $16,177,810. This represents 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. Company insiders own 1.20% of the company's stock.

Hedge Funds Weigh In On Archer-Daniels-Midland

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cherry Tree Wealth Management LLC purchased a new stake in shares of Archer-Daniels-Midland during the 1st quarter valued at $27,000. Riverview Trust Co purchased a new stake in Archer-Daniels-Midland during the second quarter valued at about $27,000. Altshuler Shaham Ltd purchased a new position in shares of Archer-Daniels-Midland in the 2nd quarter worth about $28,000. Crewe Advisors LLC bought a new position in shares of Archer-Daniels-Midland during the 1st quarter valued at about $30,000. Finally, Rise Advisors LLC purchased a new position in shares of Archer-Daniels-Midland during the 1st quarter valued at about $34,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

About Archer-Daniels-Midland

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.