J. Safra Sarasin Holding AG bought a new position in Archer Daniels Midland Company (NYSE:ADM – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,630 shares of the company’s stock, valued at approximately $845,000.
A number of other large investors have also added to or reduced their stakes in ADM. Toth Financial Advisory Corp bought a new position in shares of Archer Daniels Midland during the fourth quarter valued at about $25,000. Motiv8 Investments LLC bought a new stake in shares of Archer Daniels Midland in the 4th quarter worth approximately $26,000. Sankala Group LLC bought a new position in shares of Archer Daniels Midland during the fourth quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC bought a new stake in Archer Daniels Midland in the fourth quarter valued at $29,000. Finally, Global Trust Asset Management LLC bought a new position in Archer Daniels Midland in the 1st quarter worth $29,000. Institutional investors own 78.28% of the company’s stock.
Archer Daniels Midland Price Performance
ADM opened at $82.37 on Wednesday. The firm has a market capitalization of $39.70 billion, a PE ratio of 36.94 and a beta of 0.62. Archer Daniels Midland Company has a 1 year low of $52.23 and a 1 year high of $85.37. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 0.80. The business’s 50-day moving average is $78.97 and its two-hundred day moving average is $71.72.
Archer Daniels Midland Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.5%. The ex-dividend date was Wednesday, May 20th. Archer Daniels Midland’s dividend payout ratio is presently 93.27%.
Wall Street Analyst Weigh In
ADM has been the subject of a number of research reports. Barclays increased their price target on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Jefferies Financial Group upped their price target on Archer Daniels Midland from $65.00 to $77.00 and gave the stock a “hold” rating in a research note on Monday, April 6th. UBS Group boosted their target price on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, June 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $75.33.
Check Out Our Latest Report on Archer Daniels Midland
About Archer Daniels Midland
Archer Daniels Midland Company (ADM) is a global agricultural processor and food-ingredient provider that sources, transports and processes oilseeds, corn, wheat and other agricultural commodities. The company operates large-scale crushing, refining and processing facilities that produce vegetable oils, protein meals, corn sweeteners, starches, ethanol, animal feeds and a wide range of food and industrial ingredients. ADM also develops specialty ingredients and solutions for human and animal nutrition, food and beverage formulation, and industrial applications such as bio-based materials and renewable fuels.
ADM’s business combines commodity origination and merchandising with downstream manufacturing and ingredient formulation.
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