Kieckhefer Group LLC reduced its stake in Archer Daniels Midland Company (NYSE:ADM – Free Report) by 49.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,240 shares of the company’s stock after selling 15,640 shares during the period. Archer Daniels Midland accounts for 0.5% of Kieckhefer Group LLC’s holdings, making the stock its 22nd biggest holding. Kieckhefer Group LLC’s holdings in Archer Daniels Midland were worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently made changes to their positions in ADM. QRG Capital Management Inc. increased its position in Archer Daniels Midland by 0.8% in the 1st quarter. QRG Capital Management Inc. now owns 20,648 shares of the company’s stock valued at $1,501,000 after buying an additional 164 shares in the last quarter. Midwest Trust Co boosted its holdings in Archer Daniels Midland by 4.3% in the first quarter. Midwest Trust Co now owns 4,009 shares of the company’s stock worth $291,000 after acquiring an additional 167 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Archer Daniels Midland by 1.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 16,622 shares of the company’s stock worth $956,000 after acquiring an additional 174 shares in the last quarter. KCM Investment Advisors LLC grew its stake in Archer Daniels Midland by 3.4% in the first quarter. KCM Investment Advisors LLC now owns 5,680 shares of the company’s stock valued at $413,000 after acquiring an additional 185 shares during the period. Finally, Versant Capital Management Inc grew its stake in Archer Daniels Midland by 14.0% in the third quarter. Versant Capital Management Inc now owns 1,550 shares of the company’s stock valued at $123,000 after acquiring an additional 190 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.
Archer Daniels Midland Stock Up 2.7%
Shares of ADM stock traded up $2.16 during trading hours on Tuesday, reaching $82.58. The company had a trading volume of 902,013 shares, compared to its average volume of 3,775,670. Archer Daniels Midland Company has a 12 month low of $55.58 and a 12 month high of $88.75. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.39 and a quick ratio of 0.86. The business has a fifty day simple moving average of $81.94 and a 200-day simple moving average of $78.95. The company has a market cap of $39.80 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 2.44 and a beta of 0.64.
Archer Daniels Midland Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, August 19th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 56.99%.
Wall Street Analyst Weigh In
Several research firms have recently commented on ADM. Barclays boosted their price objective on Archer Daniels Midland from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, August 5th. Wall Street Zen lowered shares of Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $60.00 to $79.00 in a research note on Wednesday, August 5th. Jefferies Financial Group upgraded shares of Archer Daniels Midland to a “hold” rating in a report on Tuesday, September 29th. Finally, Weiss Ratings raised shares of Archer Daniels Midland from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $79.83.
Get Our Latest Analysis on ADM
Archer Daniels Midland Profile
Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company that converts crops and other plant-based materials into food, feed, fuel and industrial ingredients. The company sources, transports, stores and processes commodities such as corn, soybeans, wheat and oilseeds through an extensive network of elevators, processing facilities and transportation assets.
ADM’s businesses include agricultural services and oilseeds, carbohydrate solutions, and nutrition.
See Also
- Five stocks we like better than Archer Daniels Midland
- Surgical Precision, Sustainable Returns: Johnson & Johnson Secures its Cash Flow Runway
- Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs
- IonQ Fell 9% on a $1.3 Billion Deal—Is Wall Street Missing Something?
- JPMorgan Earnings Miss Estimates But Reveal Broad-Based Strength
Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer Daniels Midland Company (NYSE:ADM – Free Report).
Receive News & Ratings for Archer Daniels Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer Daniels Midland and related companies with MarketBeat.com's FREE daily email newsletter.
