Alps Advisors Inc. trimmed its holdings in shares of Archer Daniels Midland Company (NYSE:ADM – Free Report) by 11.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 398,432 shares of the company’s stock after selling 53,439 shares during the period. Alps Advisors Inc.’s holdings in Archer Daniels Midland were worth $23,802,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Trust Co. of Vermont raised its position in Archer Daniels Midland by 367.0% in the third quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares during the period. Trust Co. of Toledo NA OH purchased a new position in shares of Archer Daniels Midland during the 2nd quarter valued at about $32,000. Elevation Point Wealth Partners LLC bought a new position in shares of Archer Daniels Midland during the 2nd quarter valued at approximately $36,000. Evelyn Partners Investment Management Services Ltd purchased a new stake in Archer Daniels Midland in the 2nd quarter worth approximately $37,000. Finally, Vermillion & White Wealth Management Group LLC raised its stake in Archer Daniels Midland by 61.2% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 698 shares of the company’s stock worth $37,000 after acquiring an additional 265 shares during the period. Institutional investors own 78.28% of the company’s stock.
Archer Daniels Midland Stock Up 1.4%
Shares of ADM stock opened at $66.35 on Friday. Archer Daniels Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $69.75. The firm has a market capitalization of $31.89 billion, a PE ratio of 29.89, a P/E/G ratio of 0.88 and a beta of 0.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 11.20. The stock’s 50-day simple moving average is $61.88 and its 200-day simple moving average is $60.68.
Archer Daniels Midland Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, February 17th. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.51. Archer Daniels Midland’s dividend payout ratio (DPR) is 91.89%.
Analysts Set New Price Targets
Several research firms have recently commented on ADM. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, January 21st. JPMorgan Chase & Co. increased their price objective on shares of Archer Daniels Midland from $60.00 to $61.00 and gave the stock an “underweight” rating in a research report on Wednesday. Morgan Stanley cut Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $57.00 to $50.00 in a report on Tuesday, December 16th. Zacks Research upgraded shares of Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Finally, UBS Group reissued a “buy” rating on shares of Archer Daniels Midland in a research note on Monday, December 15th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $57.00.
Get Our Latest Stock Analysis 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.
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