Integrity Alliance LLC. bought a new stake in Archer Daniels Midland Company (NYSE:ADM – Free Report) during the fourth quarter, HoldingsChannel reports. The fund bought 6,781 shares of the company’s stock, valued at approximately $390,000.
A number of other large investors have also recently bought and sold shares of the company. Atlantic Union Bankshares Corp boosted its position in Archer Daniels Midland by 5.1% in the fourth quarter. Atlantic Union Bankshares Corp now owns 3,127 shares of the company’s stock valued at $180,000 after buying an additional 153 shares during the last quarter. Brookstone Capital Management boosted its position in Archer Daniels Midland by 4.5% in the 4th quarter. Brookstone Capital Management now owns 3,555 shares of the company’s stock worth $204,000 after purchasing an additional 154 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in Archer Daniels Midland by 2.6% in the 4th quarter. Checchi Capital Advisers LLC now owns 6,436 shares of the company’s stock worth $370,000 after purchasing an additional 161 shares in the last quarter. Tiemann Investment Advisors LLC boosted its position in Archer Daniels Midland by 4.5% in the 3rd quarter. Tiemann Investment Advisors LLC now owns 4,085 shares of the company’s stock worth $244,000 after purchasing an additional 175 shares in the last quarter. Finally, Van Cleef Asset Management Inc boosted its position in Archer Daniels Midland by 1.2% in the 4th quarter. Van Cleef Asset Management Inc now owns 15,522 shares of the company’s stock worth $892,000 after purchasing an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.
Archer Daniels Midland Trading Down 0.3%
Shares of ADM stock opened at $79.80 on Friday. 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 company has a market cap of $38.46 billion, a price-to-earnings ratio of 35.79 and a beta of 0.59. The stock has a 50 day simple moving average of $73.95 and a 200-day simple moving average of $67.17. Archer Daniels Midland Company has a 1-year low of $46.81 and a 1-year high of $83.10.
Archer Daniels Midland Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, May 20th. Archer Daniels Midland’s dividend payout ratio is presently 93.27%.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the company. Zacks Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. Morgan Stanley upped their price objective on Archer Daniels Midland from $54.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. upped their price objective on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $63.00 price objective on shares of Archer Daniels Midland in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $74.50.
Get Our Latest Analysis on ADM
Insider Buying and Selling at Archer Daniels Midland
In other Archer Daniels Midland news, SVP Ian R. Pinner sold 34,106 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $71.53, for a total value of $2,439,602.18. Following the transaction, the senior vice president owned 90,676 shares in the company, valued at approximately $6,486,054.28. This trade represents a 27.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Gregory A. Morris sold 50,000 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $68.48, for a total value of $3,424,000.00. Following the completion of the transaction, the senior vice president owned 300,122 shares in the company, valued at $20,552,354.56. The trade was a 14.28% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is currently owned by corporate insiders.
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.
Further Reading
- Five stocks we like better than Archer Daniels Midland
- Costco’s Strong Quarter Still Leaves Investors With a Valuation Problem
- These 3 Software Stocks Are Buying Back Shares Hand Over Fist
- Gap Inc. Cuts Sales Outlook After Q1 Miss, Shares Drop 17%
- MongoDB’s AI Advantage Is Starting to Show Up in Results
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.
