SG Americas Securities LLC increased its stake in Archer Daniels Midland Company (NYSE:ADM – Free Report) by 26.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 70,613 shares of the company’s stock after acquiring an additional 14,829 shares during the quarter. SG Americas Securities LLC’s holdings in Archer Daniels Midland were worth $4,060,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Trust Co. of Vermont boosted its holdings in Archer Daniels Midland by 367.0% during the third quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock worth $30,000 after buying an additional 400 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Archer Daniels Midland by 313.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 509 shares of the company’s stock valued at $30,000 after acquiring an additional 386 shares during the period. Hager Investment Management Services LLC boosted its stake in shares of Archer Daniels Midland by 113.6% during the 3rd quarter. Hager Investment Management Services LLC now owns 534 shares of the company’s stock worth $32,000 after acquiring an additional 284 shares in the last quarter. Caldwell Trust Co boosted its stake in shares of Archer Daniels Midland by 44.7% during the 3rd quarter. Caldwell Trust Co now owns 647 shares of the company’s stock worth $39,000 after acquiring an additional 200 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Archer Daniels Midland in the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 78.28% of the company’s stock.
Archer Daniels Midland Price Performance
ADM stock opened at $73.86 on Friday. The stock’s 50 day moving average price is $69.01 and its 200 day moving average price is $63.40. The firm has a market cap of $35.59 billion, a P/E ratio of 33.27, a PEG ratio of 0.89 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.37. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $74.19.
Archer Daniels Midland Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given a dividend of $0.52 per share. The ex-dividend date was Tuesday, February 17th. This represents a $2.08 dividend on an annualized basis and a yield of 2.8%. This is a boost from Archer Daniels Midland’s previous quarterly dividend of $0.51. Archer Daniels Midland’s dividend payout ratio (DPR) is 93.69%.
Wall Street Analysts Forecast Growth
ADM has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, January 21st. Morgan Stanley lowered Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $57.00 to $50.00 in a report on Tuesday, December 16th. Barclays raised their price target on Archer Daniels Midland from $68.00 to $77.00 and gave the company an “equal weight” rating in a research report on Wednesday. UBS Group reiterated a “buy” rating on shares of Archer Daniels Midland in a research report on Monday, December 15th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $63.00 price objective on shares of Archer Daniels Midland in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $59.86.
View Our Latest Report on Archer Daniels Midland
Insider Activity
In other news, SVP Gregory A. Morris sold 50,000 shares of Archer Daniels Midland stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $68.48, for a total transaction of $3,424,000.00. Following the completion of the sale, the senior vice president directly owned 300,122 shares in the company, valued at $20,552,354.56. The trade was a 14.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jennifer L. Weber sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $67.04, for a total transaction of $1,676,000.00. Following the completion of the transaction, the senior vice president directly owned 123,668 shares of the company’s stock, valued at approximately $8,290,702.72. This represents a 16.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 109,106 shares of company stock worth $7,539,602. Company insiders own 1.20% of the company’s stock.
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.
Further Reading
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