Munich Reinsurance Co Stock Corp in Munich lowered its position in Archer Daniels Midland Company (NYSE:ADM – Free Report) by 38.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 642,797 shares of the company’s stock after selling 395,355 shares during the period. Munich Reinsurance Co Stock Corp in Munich owned approximately 0.13% of Archer Daniels Midland worth $46,725,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Toth Financial Advisory Corp acquired a new position in shares of Archer Daniels Midland during the fourth quarter worth $25,000. Motiv8 Investments LLC acquired a new position in Archer Daniels Midland during the 4th quarter valued at about $26,000. Sankala Group LLC purchased a new stake in Archer Daniels Midland in the fourth quarter valued at about $28,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Archer Daniels Midland during the fourth quarter worth about $29,000. Finally, Global Trust Asset Management LLC acquired a new position in shares of Archer Daniels Midland during the first quarter valued at about $29,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.
Archer Daniels Midland Price Performance
Shares of NYSE ADM opened at $80.17 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 0.80. The stock has a market capitalization of $38.64 billion, a price-to-earnings ratio of 35.95 and a beta of 0.62. The firm’s 50 day simple moving average is $78.51 and its 200-day simple moving average is $71.07. Archer Daniels Midland Company has a 12 month low of $52.23 and a 12 month high of $85.37.
Archer Daniels Midland Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Wednesday, May 20th. Archer Daniels Midland’s payout ratio is currently 93.27%.
Analysts Set New Price Targets
A number of research analysts have issued reports on ADM shares. Zacks Research lowered shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. UBS Group raised their target price on Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Barclays increased their price objective on Archer Daniels Midland from $77.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. upped their target price on Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group raised their price target 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 equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $75.33.
View Our Latest Research Report 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.
See Also
- Five stocks we like better than Archer Daniels Midland
- A Market Panic Just Discounted the AI Highway’s Tollbooth
- Why Exxon Could Be the Market’s Next Big Comeback Stock
- The Market Just Got Shaken—These 3 ETFs May Come Out Stronger
- Meta Platforms’ Cloud Push: Growth Opportunity Versus AI Concerns
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.
