Burleson & Company LLC Takes Position in Archer-Daniels-Midland Company (NYSE:ADM)

Burleson & Company LLC bought a new stake in Archer-Daniels-Midland Company (NYSE:ADM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,728 shares of the company’s stock, valued at approximately $98,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Archer-Daniels-Midland during the 4th quarter valued at about $293,347,000. State of Tennessee Treasury Department grew its position in Archer-Daniels-Midland by 359.2% during the first quarter. State of Tennessee Treasury Department now owns 1,365,988 shares of the company’s stock valued at $77,862,000 after acquiring an additional 1,068,493 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of Archer-Daniels-Midland during the fourth quarter worth approximately $37,371,000. Russell Investments Group Ltd. lifted its holdings in shares of Archer-Daniels-Midland by 35.8% in the 4th quarter. Russell Investments Group Ltd. now owns 2,144,253 shares of the company’s stock worth $108,021,000 after acquiring an additional 564,815 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in shares of Archer-Daniels-Midland by 24.6% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,833,807 shares of the company’s stock valued at $142,843,000 after purchasing an additional 559,462 shares in the last quarter. 77.07% of the stock is owned by institutional investors and hedge funds.

Several research firms have weighed in on ADM. JPMorgan Chase & Co. boosted their price target on shares of Archer-Daniels-Midland from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 24th. Robert W. Baird increased their target price on Archer-Daniels-Midland from $53.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, April 28th. Morgan Stanley lifted their price target on Archer-Daniels-Midland from $53.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday, May 10th. BMO Capital Markets increased their price objective on Archer-Daniels-Midland from $56.00 to $63.00 and gave the company a “market perform” rating in a research note on Wednesday, April 28th. Finally, Barclays lifted their target price on shares of Archer-Daniels-Midland from $60.00 to $75.00 in a research note on Monday, May 3rd. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $62.38.

Shares of NYSE ADM opened at $67.23 on Friday. The stock has a fifty day moving average of $63.86. Archer-Daniels-Midland Company has a 12 month low of $37.54 and a 12 month high of $69.30. The company has a quick ratio of 0.89, a current ratio of 1.58 and a debt-to-equity ratio of 0.40. The company has a market cap of $37.56 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 2.45 and a beta of 0.90.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results on Monday, April 26th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.39. The company had revenue of $18.89 billion during the quarter, compared to the consensus estimate of $16.13 billion. Archer-Daniels-Midland had a net margin of 3.03% and a return on equity of 12.28%. Archer-Daniels-Midland’s revenue was up 26.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 earnings per share. Research analysts expect that Archer-Daniels-Midland Company will post 4.51 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 9th. Investors of record on Wednesday, May 19th were paid a $0.37 dividend. The ex-dividend date was Tuesday, May 18th. This represents a $1.48 annualized dividend and a yield of 2.20%. Archer-Daniels-Midland’s payout ratio is 41.23%.

Archer-Daniels-Midland Company Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. It procures, stores, cleans, and transports agricultural raw materials, such as oilseeds, corn, wheat, milo, oats, and barley.

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Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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