Foundations Investment Advisors LLC raised its holdings in shares of Archer Daniels Midland Company (NYSE:ADM – Free Report) by 76.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 21,137 shares of the company’s stock after acquiring an additional 9,161 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Archer Daniels Midland were worth $1,215,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Atlantic Union Bankshares Corp lifted its position in Archer Daniels Midland by 5.1% during the fourth quarter. Atlantic Union Bankshares Corp now owns 3,127 shares of the company’s stock valued at $180,000 after buying an additional 153 shares in the last quarter. Brookstone Capital Management lifted its position in Archer Daniels Midland by 4.5% during the fourth quarter. Brookstone Capital Management now owns 3,555 shares of the company’s stock valued at $204,000 after buying an additional 154 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in shares of Archer Daniels Midland by 2.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 6,436 shares of the company’s stock worth $370,000 after purchasing an additional 161 shares in the last quarter. Tiemann Investment Advisors LLC lifted its position in shares of Archer Daniels Midland by 4.5% during the third quarter. Tiemann Investment Advisors LLC now owns 4,085 shares of the company’s stock worth $244,000 after purchasing an additional 175 shares in the last quarter. Finally, Van Cleef Asset Management Inc lifted its position in shares of Archer Daniels Midland by 1.2% during the fourth quarter. Van Cleef Asset Management Inc now owns 15,522 shares of the company’s stock worth $892,000 after purchasing an additional 183 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.
Archer Daniels Midland Stock Down 0.3%
Shares of NYSE:ADM opened at $79.80 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.80 and a debt-to-equity ratio of 0.28. The company has a fifty day simple moving average of $73.95 and a 200 day simple moving average of $67.17. The firm has a market cap of $38.46 billion, a PE ratio of 35.79 and a beta of 0.59. Archer Daniels Midland Company has a 12-month low of $46.81 and a 12-month high of $83.10.
Archer Daniels Midland Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Wednesday, May 20th. Archer Daniels Midland’s payout ratio is 93.27%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on ADM shares. UBS Group boosted their target price on shares of Archer Daniels Midland from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Barclays boosted their target price on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Zacks Research raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. JPMorgan Chase & Co. boosted their target price on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group boosted their target price on shares of Archer Daniels Midland from $65.00 to $77.00 and gave the stock a “hold” rating in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Archer Daniels Midland currently has a consensus rating of “Hold” and a consensus target price of $74.50.
Read Our Latest Research Report on ADM
Insiders Place Their Bets
In related news, SVP Ian R. Pinner sold 34,106 shares of Archer Daniels Midland stock in a transaction on Friday, March 13th. The shares were sold at an average price of $71.53, for a total value of $2,439,602.18. Following the completion of the sale, the senior vice president owned 90,676 shares in the company, valued at approximately $6,486,054.28. The trade was a 27.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Gregory A. Morris sold 50,000 shares of Archer Daniels Midland stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $68.48, for a total transaction of $3,424,000.00. Following the completion of the sale, the senior vice president owned 300,122 shares of the company’s stock, valued at approximately $20,552,354.56. This trade represents a 14.28% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is currently owned by insiders.
Archer Daniels Midland Company 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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