Jamison Private Wealth Management Inc. Purchases 848 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Jamison Private Wealth Management Inc. lifted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 35.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,218 shares of the company’s stock after acquiring an additional 848 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Archer-Daniels-Midland were worth $192,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Wesbanco Bank Inc. raised its holdings in Archer-Daniels-Midland by 24.8% during the 3rd quarter. Wesbanco Bank Inc. now owns 5,027 shares of the company’s stock worth $300,000 after purchasing an additional 1,000 shares during the last quarter. Polianta Ltd lifted its stake in Archer-Daniels-Midland by 19.4% in the third quarter. Polianta Ltd now owns 20,900 shares of the company’s stock valued at $1,248,000 after buying an additional 3,400 shares during the period. CVA Family Office LLC raised its position in shares of Archer-Daniels-Midland by 10.8% in the 3rd quarter. CVA Family Office LLC now owns 3,759 shares of the company’s stock valued at $225,000 after acquiring an additional 367 shares during the period. Exchange Traded Concepts LLC boosted its stake in Archer-Daniels-Midland by 300.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 9,598 shares of the company’s stock worth $573,000 after acquiring an additional 7,203 shares during the last quarter. Finally, Burns Matteson Capital Management LLC acquired a new position in Archer-Daniels-Midland during the third quarter valued at approximately $336,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Up 1.1 %

NYSE ADM opened at $58.29 on Thursday. The stock has a market capitalization of $28.82 billion, a price-to-earnings ratio of 10.23 and a beta of 0.72. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $77.35. The stock’s 50 day moving average price is $59.49 and its two-hundred day moving average price is $60.88. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.19). The business had revenue of $22.25 billion for the quarter, compared to analyst estimates 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 previous year, the company posted $1.89 EPS. As a group, analysts anticipate that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio is currently 35.09%.

Insider Buying and Selling

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the firm’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 value 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 $16,047,857.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Juan R. Luciano sold 3,683 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $10,298,438.94. Following the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,047,857.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 219,348 shares of company stock worth $13,296,833. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ADM shares. Citigroup cut their target price 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. UBS Group raised their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. boosted their target price on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $65.62.

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.