Burns Matteson Capital Management LLC Invests $336,000 in Archer-Daniels-Midland Company (NYSE:ADM)

Burns Matteson Capital Management LLC acquired a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,618 shares of the company’s stock, valued at approximately $336,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP lifted its holdings in shares of Archer-Daniels-Midland by 80.9% in the 4th quarter. Quarry LP now owns 4,917 shares of the company’s stock worth $355,000 after acquiring an additional 2,199 shares during the last quarter. Scarborough Advisors LLC bought a new stake in Archer-Daniels-Midland in the fourth quarter valued at approximately $258,000. Sierra Summit Advisors LLC bought a new position in shares of Archer-Daniels-Midland in the fourth quarter worth approximately $417,000. TKG Advisors LLC increased its stake in shares of Archer-Daniels-Midland by 2.4% in the fourth quarter. TKG Advisors LLC now owns 10,158 shares of the company’s stock worth $734,000 after buying an additional 236 shares during the period. Finally, Virtu Financial LLC bought a new stake in Archer-Daniels-Midland during the 4th quarter valued at $878,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ADM. JPMorgan Chase & Co. increased their target price 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. Citigroup cut 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 report on Monday, July 15th. Finally, UBS Group increased their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note 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. According to data from MarketBeat.com, Archer-Daniels-Midland has a consensus rating of “Hold” and a consensus price target of $65.62.

Insider Transactions at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 170,194 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the sale, the chief executive officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Juan R. Luciano sold 170,194 shares of the 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 sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 219,348 shares of company stock worth $13,296,833 in the last three months. Corporate insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Archer-Daniels-Midland stock traded up $0.68 during midday trading on Friday, reaching $57.97. 1,897,638 shares of the company traded hands, compared to its average volume of 4,394,472. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. Archer-Daniels-Midland Company has a 12 month low of $50.72 and a 12 month high of $77.35. The firm has a market capitalization of $27.72 billion, a price-to-earnings ratio of 11.64 and a beta of 0.72. The business has a 50 day moving average of $59.50 and a two-hundred day moving average of $60.99.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.19). The firm had revenue of $22.25 billion during the quarter, compared to the consensus estimate 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 was down 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.89 EPS. As a group, research analysts predict that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend was Wednesday, August 21st. Archer-Daniels-Midland’s payout ratio is 40.16%.

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.