Everence Capital Management Inc. Has $1.23 Million Position in Archer-Daniels-Midland Company (NYSE:ADM)

Everence Capital Management Inc. lessened its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 31.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 20,520 shares of the company's stock after selling 9,610 shares during the period. Everence Capital Management Inc.'s holdings in Archer-Daniels-Midland were worth $1,226,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ADM. Cherry Tree Wealth Management LLC acquired a new position in shares of Archer-Daniels-Midland during the first quarter valued at about $27,000. Riverview Trust Co bought a new position in Archer-Daniels-Midland during the second quarter valued at about $27,000. Altshuler Shaham Ltd acquired a new position in Archer-Daniels-Midland in the 2nd quarter valued at approximately $28,000. Crewe Advisors LLC bought a new stake in shares of Archer-Daniels-Midland during the first quarter valued at approximately $30,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in shares of Archer-Daniels-Midland in the first quarter valued at $34,000. Institutional investors own 78.28% of the company's stock.

Insider Transactions at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction on Friday, August 30th. The shares were sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related 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 transaction 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Juan R. Luciano sold 45,471 shares of the company's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 219,348 shares of company stock worth $13,296,833 in the last quarter. 1.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on ADM. Citigroup decreased 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 note on Monday, July 15th. JPMorgan Chase & Co. increased their price target 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, UBS Group increased their target price on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $65.62.

Archer-Daniels-Midland Price Performance

Shares of ADM stock traded down $0.27 during trading hours on Monday, reaching $56.13. 1,953,434 shares of the company were exchanged, compared to its average volume of 4,332,183. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. The company has a market cap of $27.75 billion, a price-to-earnings ratio of 9.85 and a beta of 0.72. The stock's fifty day moving average is $59.41 and its two-hundred day moving average is $60.75. 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 - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing analysts' consensus estimates of $1.22 by ($0.19). Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The firm had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.12 billion. During the same quarter in the previous year, the business posted $1.89 earnings per share. The firm's quarterly revenue was down 11.7% on a year-over-year basis. Sell-side analysts forecast that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend was Wednesday, August 21st. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 35.09%.

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.