Archer-Daniels-Midland Company (ADM) Shares Sold by UMB Bank N A MO
UMB Bank N A MO reduced its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 15.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,556 shares of the company’s stock after selling 2,660 shares during the period. UMB Bank N A MO’s holdings in Archer-Daniels-Midland were worth $603,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of ADM. Vanguard Group Inc. increased its stake in shares of Archer-Daniels-Midland by 4.0% in the first quarter. Vanguard Group Inc. now owns 43,397,849 shares of the company’s stock worth $1,998,037,000 after buying an additional 1,672,627 shares during the period. BlackRock Inc. increased its stake in shares of Archer-Daniels-Midland by 1,027.8% in the first quarter. BlackRock Inc. now owns 39,248,469 shares of the company’s stock worth $1,806,998,000 after buying an additional 35,768,331 shares during the period. Macquarie Group Ltd. increased its stake in shares of Archer-Daniels-Midland by 1.2% in the first quarter. Macquarie Group Ltd. now owns 16,974,063 shares of the company’s stock worth $781,486,000 after buying an additional 207,704 shares during the period. Geode Capital Management LLC increased its stake in shares of Archer-Daniels-Midland by 5.7% in the first quarter. Geode Capital Management LLC now owns 5,327,074 shares of the company’s stock worth $244,894,000 after buying an additional 287,718 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Archer-Daniels-Midland by 16.6% in the first quarter. Victory Capital Management Inc. now owns 5,239,564 shares of the company’s stock worth $241,229,000 after buying an additional 745,593 shares during the period. Institutional investors and hedge funds own 73.21% of the company’s stock.
Archer-Daniels-Midland Company (NYSE ADM) opened at 41.26 on Friday. Archer-Daniels-Midland Company has a 52-week low of $40.22 and a 52-week high of $47.88. The firm has a market cap of $23.21 billion, a price-to-earnings ratio of 17.45 and a beta of 1.11. The company’s 50-day moving average price is $41.60 and its 200-day moving average price is $43.33.
Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The business had revenue of $14.94 billion during the quarter, compared to analysts’ expectations of $15.86 billion. During the same period in the prior year, the firm posted $0.41 EPS. Archer-Daniels-Midland’s quarterly revenue was down 4.4% compared to the same quarter last year. Analysts predict that Archer-Daniels-Midland Company will post $2.61 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th will be issued a $0.32 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.10%. Archer-Daniels-Midland’s payout ratio is presently 53.78%.
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ADM has been the subject of a number of research analyst reports. Argus downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Citigroup Inc. reiterated a “buy” rating on shares of Archer-Daniels-Midland in a report on Wednesday, July 12th. Zacks Investment Research downgraded Archer-Daniels-Midland from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 31st. Vetr upgraded Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 price target for the company in a report on Monday, May 22nd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $40.00 price target (down from $41.00) on shares of Archer-Daniels-Midland in a report on Saturday, July 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $45.10.
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