National Pension Service lowered its holdings in shares of Archer Daniels Midland Company (NYSE:ADM – Free Report) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 955,109 shares of the company’s stock after selling 29,129 shares during the quarter. National Pension Service owned about 0.20% of Archer Daniels Midland worth $72,970,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of the business. Kelleher Financial Advisors bought a new position in Archer Daniels Midland during the second quarter valued at about $25,000. Motiv8 Investments LLC acquired a new stake in shares of Archer Daniels Midland in the fourth quarter worth about $26,000. Orion Capital Management LLC bought a new stake in shares of Archer Daniels Midland during the 2nd quarter worth about $27,000. Sankala Group LLC acquired a new position in shares of Archer Daniels Midland during the 4th quarter valued at about $28,000. Finally, Nalls Sherbakoff Group LLC acquired a new position in shares of Archer Daniels Midland during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 78.28% of the company’s stock.
Archer Daniels Midland Price Performance
Shares of NYSE:ADM opened at $86.57 on Friday. The company has a market cap of $41.72 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 2.65 and a beta of 0.62. The business has a 50 day moving average price of $81.89 and a 200 day moving average price of $76.91. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.27. Archer Daniels Midland Company has a twelve month low of $55.58 and a twelve month high of $88.75.
Archer Daniels Midland Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th were issued a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a yield of 2.4%. Archer Daniels Midland’s dividend payout ratio is 56.99%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Barclays boosted their target price on Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Wall Street Zen lowered shares of Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Zacks Research upgraded shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Morgan Stanley raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $60.00 to $79.00 in a report on Wednesday, August 5th. Finally, UBS Group raised their target price on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $79.67.
Read Our Latest Stock Analysis on Archer Daniels Midland
Archer Daniels Midland Profile
Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company. Founded in 1902, ADM connects farmers and agricultural markets with food, beverage, animal nutrition and industrial customers by sourcing, transporting, storing and processing crops and other agricultural commodities.
The company’s operations include the processing of oilseeds such as soybeans, canola and sunflower seeds into vegetable oils, protein meals and other ingredients. ADM also produces corn and wheat-based sweeteners, starches, flours, fibers and other carbohydrate products, along with plant-based proteins, flavors, emulsifiers and specialty ingredients used in food and beverage manufacturing.
ADM serves customers in markets around the world through its agricultural services, commodity merchandising, transportation, processing and storage networks.
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