Jupiter Topco LLC acquired a new stake in Archer Daniels Midland Company (NYSE:ADM – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 115,435 shares of the company’s stock, valued at approximately $8,819,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADM. Kelleher Financial Advisors bought a new stake in shares of Archer Daniels Midland in the 2nd quarter valued at about $25,000. Motiv8 Investments LLC bought a new position in Archer Daniels Midland during the 4th quarter worth approximately $26,000. Sankala Group LLC bought a new position in Archer Daniels Midland during the 4th quarter worth approximately $28,000. Nalls Sherbakoff Group LLC acquired a new position in Archer Daniels Midland during the fourth quarter valued at approximately $29,000. Finally, Global Trust Asset Management LLC bought a new stake in Archer Daniels Midland in the first quarter valued at approximately $29,000. Institutional investors own 78.28% of the company’s stock.
Archer Daniels Midland Stock Performance
NYSE ADM opened at $81.43 on Monday. The stock has a market cap of $39.25 billion, a PE ratio of 22.31 and a beta of 0.62. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.39. The firm has a 50-day moving average of $80.18 and a 200-day moving average of $75.83. Archer Daniels Midland Company has a 52-week low of $55.58 and a 52-week high of $88.46.
Archer Daniels Midland Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, August 19th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 56.99%.
Analysts Set New Price Targets
A number of research analysts have weighed in on ADM shares. Wall Street Zen raised shares of Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research note on Monday. Morgan Stanley raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $60.00 to $79.00 in a research report on Wednesday, August 5th. UBS Group lifted 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 report on Monday, June 15th. Barclays upped their price objective on Archer Daniels Midland from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 5th. Finally, Zacks Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Archer Daniels Midland currently has a consensus rating of “Hold” and a consensus price target of $79.67.
Read Our Latest Stock Analysis on ADM
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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