United Capital Management of KS Inc. Takes Position in Archer-Daniels-Midland Company (NYSE:ADM)

United Capital Management of KS Inc. bought a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,005 shares of the company’s stock, valued at approximately $239,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Norden Group LLC bought a new position in shares of Archer-Daniels-Midland during the 1st quarter valued at approximately $203,000. Atomi Financial Group Inc. increased its stake in shares of Archer-Daniels-Midland by 74.6% in the first quarter. Atomi Financial Group Inc. now owns 5,494 shares of the company’s stock worth $345,000 after purchasing an additional 2,347 shares in the last quarter. Qsemble Capital Management LP bought a new stake in shares of Archer-Daniels-Midland during the 1st quarter valued at $278,000. Russell Investments Group Ltd. lifted its stake in shares of Archer-Daniels-Midland by 144.4% during the 1st quarter. Russell Investments Group Ltd. now owns 1,085,314 shares of the company’s stock valued at $68,169,000 after buying an additional 641,234 shares in the last quarter. Finally, ProShare Advisors LLC boosted its holdings in Archer-Daniels-Midland by 40.7% in the 1st quarter. ProShare Advisors LLC now owns 3,309,140 shares of the company’s stock worth $207,847,000 after buying an additional 957,270 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Performance

Shares of NYSE:ADM opened at $52.13 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland Company has a 52 week low of $48.92 and a 52 week high of $77.35. The firm has a fifty day simple moving average of $58.06 and a two-hundred day simple moving average of $60.04. The stock has a market capitalization of $24.93 billion, a P/E ratio of 10.47 and a beta of 0.73.

Archer-Daniels-Midland Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is currently 40.16%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Citigroup cut their price objective on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Monday, July 15th. Finally, UBS Group lifted their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. One investment analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $63.82.

Insider Activity 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related 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 transaction of $10,298,438.94. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Juan R. Luciano sold 45,471 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $61.00, for a total value of $2,773,731.00. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,177,810. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 219,348 shares of company stock worth $13,296,833. Company insiders own 1.20% of the company’s stock.

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.