BNP Paribas raised its stake in Archer Daniels Midland Company (NYSE:ADM – Free Report) by 841.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,248 shares of the company’s stock after buying an additional 9,160 shares during the quarter. BNP Paribas’ holdings in Archer Daniels Midland were worth $590,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in the stock. COFG Advisors LLC acquired a new stake in shares of Archer Daniels Midland during the fourth quarter worth $212,000. New Mexico Educational Retirement Board raised its holdings in shares of Archer Daniels Midland by 2.8% during the fourth quarter. New Mexico Educational Retirement Board now owns 22,353 shares of the company’s stock worth $1,285,000 after acquiring an additional 600 shares during the period. Waterloo Capital L.P. acquired a new stake in Archer Daniels Midland in the 4th quarter valued at approximately $372,000. Essex Financial Services Inc. raised its position in Archer Daniels Midland by 74.6% in the 4th quarter. Essex Financial Services Inc. now owns 18,801 shares of the company’s stock valued at $1,081,000 after buying an additional 8,032 shares during the last quarter. Finally, MUFG Securities EMEA plc raised its position in Archer Daniels Midland by 114.4% in the 4th quarter. MUFG Securities EMEA plc now owns 19,719 shares of the company’s stock valued at $1,134,000 after buying an additional 10,523 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.
Archer Daniels Midland Stock Performance
Shares of NYSE ADM opened at $82.37 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 0.80 and a debt-to-equity ratio of 0.28. Archer Daniels Midland Company has a 12 month low of $46.81 and a 12 month high of $83.60. The stock has a 50 day moving average of $74.23 and a 200-day moving average of $67.43. The company has a market capitalization of $39.70 billion, a P/E ratio of 36.94 and a beta of 0.60.
Archer Daniels Midland Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th 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, May 20th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 93.27%.
Insider Activity at Archer Daniels Midland
In other news, SVP Ian R. Pinner sold 34,106 shares of the company’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $71.53, for a total transaction of $2,439,602.18. Following the completion of the sale, the senior vice president directly owned 90,676 shares in the company, valued at approximately $6,486,054.28. This represents a 27.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Gregory A. Morris sold 50,000 shares of the company’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 sale, the senior vice president owned 300,122 shares of the company’s stock, valued at approximately $20,552,354.56. The trade was a 14.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.60% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. Morgan Stanley lifted their target price on Archer Daniels Midland from $54.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. lifted their target price on Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Monday, April 20th. Zacks Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 6th. Finally, Barclays raised their price target on 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. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $74.50.
Get Our Latest Research Report 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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