Archer Daniels Midland Company $ADM Shares Purchased by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC boosted its position in Archer Daniels Midland Company (NYSE:ADMFree Report) by 16.2% during the 2nd quarter, Holdings Channel reports. The fund owned 6,153 shares of the company’s stock after acquiring an additional 857 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Archer Daniels Midland were worth $325,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ADM. S.A. Mason LLC purchased a new position in Archer Daniels Midland in the first quarter valued at approximately $25,000. Headlands Technologies LLC purchased a new position in Archer Daniels Midland in the first quarter valued at approximately $25,000. SOA Wealth Advisors LLC. purchased a new position in Archer Daniels Midland in the second quarter valued at approximately $25,000. Trust Co. of Toledo NA OH purchased a new position in Archer Daniels Midland in the second quarter valued at approximately $32,000. Finally, ORG Partners LLC increased its stake in Archer Daniels Midland by 297.2% in the first quarter. ORG Partners LLC now owns 699 shares of the company’s stock valued at $34,000 after purchasing an additional 523 shares during the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ADM shares. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. Barclays upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $50.00 to $61.00 in a research report on Wednesday, August 6th. UBS Group restated a “buy” rating and set a $70.00 target price (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Morgan Stanley increased their price target on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. Finally, Wall Street Zen raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Archer Daniels Midland currently has an average rating of “Hold” and an average target price of $55.50.

View Our Latest Research Report on Archer Daniels Midland

Archer Daniels Midland Price Performance

Archer Daniels Midland stock opened at $61.58 on Tuesday. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $64.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. The business has a fifty day moving average of $60.92 and a two-hundred day moving average of $53.95. The company has a market cap of $29.59 billion, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 3.24 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADMGet Free Report) last released its earnings results on Monday, December 2nd. The company reported $1.63 EPS for the quarter. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The company had revenue of $21.70 billion during the quarter. As a group, analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were issued a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a yield of 3.3%. Archer Daniels Midland’s dividend payout ratio (DPR) is 89.87%.

Archer Daniels Midland Company Profile

(Free Report)

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

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Institutional Ownership by Quarter for Archer Daniels Midland (NYSE:ADM)

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