First National Bank of Omaha bought a new stake in shares of Archer Daniels Midland Company (NYSE:ADM – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,976 shares of the company’s stock, valued at approximately $1,074,000.
Several other hedge funds have also made changes to their positions in the company. Kelleher Financial Advisors bought a new position in shares of Archer Daniels Midland during the 2nd quarter worth $25,000. Motiv8 Investments LLC bought a new stake in shares of Archer Daniels Midland in the fourth quarter valued at about $26,000. Sankala Group LLC purchased a new stake in Archer Daniels Midland in the fourth quarter worth about $28,000. Nalls Sherbakoff Group LLC purchased a new stake in Archer Daniels Midland in the fourth quarter worth about $29,000. Finally, Global Trust Asset Management LLC bought a new position in Archer Daniels Midland during the 1st quarter worth about $29,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.
Archer Daniels Midland Trading Down 2.0%
Shares of NYSE:ADM opened at $80.80 on Thursday. The business’s 50-day moving average is $79.84 and its 200 day moving average is $75.19. Archer Daniels Midland Company has a 1 year low of $55.58 and a 1 year high of $88.46. The firm has a market capitalization of $38.94 billion, a P/E ratio of 22.14 and a beta of 0.62. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.39 and a quick ratio of 0.86.
Archer Daniels Midland Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be paid a $0.52 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. Archer Daniels Midland’s dividend payout ratio (DPR) is 56.99%.
Analysts Set New Price Targets
ADM has been the topic of a number of research reports. Wall Street Zen raised shares of Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. UBS Group increased their price objective on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Zacks Research raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Morgan Stanley upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $60.00 to $79.00 in a report on Wednesday, August 5th. Finally, Barclays increased their target price on Archer Daniels Midland from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $79.67.
Get Our Latest Stock Analysis on Archer Daniels Midland
Archer Daniels Midland Profile
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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