Nykredit A S acquired a new position in shares of Archer Daniels Midland Company (NYSE:ADM – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 105,012 shares of the company’s stock, valued at approximately $8,023,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Archer Daniels Midland in the 2nd quarter valued at about $3,409,089,000. Charles Schwab Investment Management Inc. increased its position in Archer Daniels Midland by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,829,140 shares of the company’s stock worth $1,082,487,000 after buying an additional 449,815 shares during the period. Wellington Management Group LLP lifted its stake in Archer Daniels Midland by 2.2% in the second quarter. Wellington Management Group LLP now owns 17,670,220 shares of the company’s stock valued at $1,350,005,000 after buying an additional 382,460 shares during the last quarter. Dodge & Cox lifted its stake in Archer Daniels Midland by 13.4% in the fourth quarter. Dodge & Cox now owns 17,084,645 shares of the company’s stock valued at $982,196,000 after buying an additional 2,016,101 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Archer Daniels Midland by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 12,628,065 shares of the company’s stock valued at $723,175,000 after acquiring an additional 109,556 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.
Archer Daniels Midland Price Performance
Shares of NYSE ADM opened at $84.66 on Friday. The stock has a fifty day moving average price of $80.98 and a 200 day moving average price of $76.31. Archer Daniels Midland Company has a 1-year low of $55.58 and a 1-year high of $88.46. 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 company has a market cap of $40.80 billion, a PE ratio of 23.19, a P/E/G ratio of 2.58 and a beta of 0.62.
Archer Daniels Midland Announces Dividend
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 2.5%. The ex-dividend date of this dividend is Wednesday, August 19th. Archer Daniels Midland’s dividend payout ratio is currently 56.99%.
Wall Street Analysts Forecast Growth
ADM has been the topic of a number of recent research reports. Zacks Research raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $60.00 to $79.00 in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 31st. Barclays upped their target price on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, August 5th. Finally, UBS Group increased their target price on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $79.67.
View Our Latest Stock Analysis on ADM
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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