Entropy Technologies LP purchased a new stake in shares of Archer Daniels Midland Company (NYSE:ADM – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 40,607 shares of the company’s stock, valued at approximately $2,334,000.
Several other hedge funds have also added to or reduced their stakes in the stock. Toth Financial Advisory Corp purchased a new position in Archer Daniels Midland in the fourth quarter valued at about $25,000. Caitong International Asset Management Co. Ltd increased its stake 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 worth $30,000 after purchasing an additional 386 shares during the last quarter. Elyxium Wealth LLC bought a new stake in shares of Archer Daniels Midland in the 4th quarter worth approximately $31,000. Hager Investment Management Services LLC lifted its stake 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 purchasing an additional 284 shares during the last quarter. Finally, Entrust Financial LLC bought a new position in Archer Daniels Midland during the fourth quarter valued at $35,000. Institutional investors own 78.28% of the company’s stock.
Archer Daniels Midland Stock Down 1.4%
NYSE ADM opened at $79.14 on Tuesday. The stock has a market cap of $38.14 billion, a PE ratio of 35.49 and a beta of 0.60. The business has a 50 day moving average price of $76.21 and a two-hundred day moving average price of $69.00. Archer Daniels Midland Company has a fifty-two week low of $51.34 and a fifty-two week high of $85.37. The company has a quick ratio of 0.80, a current ratio of 1.31 and a debt-to-equity ratio of 0.28.
Archer Daniels Midland Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were paid a dividend of $0.52 per share. The ex-dividend date was Wednesday, May 20th. This represents a $2.08 annualized dividend and a dividend yield of 2.6%. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 93.27%.
Analysts Set New Price Targets
Several brokerages have issued reports on ADM. Zacks Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 6th. JPMorgan Chase & Co. lifted their price objective on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. UBS Group upped their price objective on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday. Barclays increased their target price on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group boosted their price target on shares of Archer Daniels Midland from $65.00 to $77.00 and gave the company a “hold” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $75.33.
Check Out Our Latest Report on Archer Daniels Midland
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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