Entropy Technologies LP purchased a new position in Archer Daniels Midland Company (NYSE:ADM – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 40,607 shares of the company’s stock, valued at approximately $2,334,000.
Other large investors have also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp bought a new stake in shares of Archer Daniels Midland in the 4th quarter worth about $25,000. Caitong International Asset Management Co. Ltd grew its stake in Archer Daniels Midland by 313.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 509 shares of the company’s stock worth $30,000 after purchasing an additional 386 shares in the last quarter. Elyxium Wealth LLC bought a new stake in Archer Daniels Midland in the fourth quarter valued at about $31,000. Hager Investment Management Services LLC increased its holdings in Archer Daniels Midland by 113.6% in the third quarter. Hager Investment Management Services LLC now owns 534 shares of the company’s stock valued at $32,000 after buying an additional 284 shares during the last quarter. Finally, Entrust Financial LLC acquired a new stake in Archer Daniels Midland during the fourth quarter valued at approximately $35,000. 78.28% of the stock is currently owned by institutional investors.
Archer Daniels Midland Stock Down 1.4%
ADM opened at $79.14 on Tuesday. The stock’s 50 day moving average price is $76.21 and its 200 day moving average price is $69.00. 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 cap of $38.14 billion, a P/E ratio of 35.49 and a beta of 0.60. Archer Daniels Midland Company has a 12 month low of $51.34 and a 12 month high of $85.37.
Archer Daniels Midland Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $2.08 annualized dividend and a yield of 2.6%. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 93.27%.
Analysts Set New Price Targets
ADM has been the subject of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Monday, April 20th. Wall Street Zen upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. UBS Group lifted their price objective on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday. Barclays boosted their target price on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Archer Daniels Midland has a consensus rating of “Hold” and a consensus price target of $75.33.
Read Our Latest Analysis on Archer Daniels Midland
Archer Daniels Midland Company 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.
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