Inspire Investing LLC grew its holdings in shares of Archer Daniels Midland Company (NYSE:ADM – Free Report) by 542.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,335 shares of the company’s stock after acquiring an additional 23,083 shares during the quarter. Inspire Investing LLC’s holdings in Archer Daniels Midland were worth $1,987,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Lansforsakringar Fondforvaltning AB publ boosted its position in Archer Daniels Midland by 70.9% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 8,937 shares of the company’s stock valued at $650,000 after buying an additional 3,709 shares during the period. Apollon Wealth Management LLC raised its stake in shares of Archer Daniels Midland by 3.6% during the first quarter. Apollon Wealth Management LLC now owns 9,717 shares of the company’s stock valued at $706,000 after acquiring an additional 340 shares during the last quarter. Red Door Wealth Management LLC purchased a new stake in Archer Daniels Midland in the 1st quarter worth approximately $241,000. Patriot Financial Group Insurance Agency LLC lifted its stake in Archer Daniels Midland by 118.2% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 19,538 shares of the company’s stock worth $1,420,000 after acquiring an additional 10,585 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in shares of Archer Daniels Midland by 19.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 247,479 shares of the company’s stock worth $17,989,000 after purchasing an additional 39,678 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.
Archer Daniels Midland Stock Down 0.6%
Shares of Archer Daniels Midland stock opened at $76.39 on Wednesday. The company has a market cap of $36.82 billion, a price-to-earnings ratio of 34.26 and a beta of 0.60. The company’s 50 day moving average is $77.53 and its 200 day moving average is $70.29. Archer Daniels Midland Company has a twelve month low of $52.23 and a twelve month high of $85.37. The company has a quick ratio of 0.80, a current ratio of 1.31 and a debt-to-equity ratio of 0.28.
Archer Daniels Midland Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Wednesday, May 20th. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 93.27%.
Analysts Set New Price Targets
Several research analysts recently issued reports on ADM shares. Wall Street Zen upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a report on Monday, April 20th. Zacks Research downgraded Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Morgan Stanley upped their price target on shares of Archer Daniels Midland from $54.00 to $58.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group increased their price objective on shares of Archer Daniels Midland from $65.00 to $77.00 and gave the company a “hold” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $75.33.
Get Our Latest Research 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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