Clearbridge Investments LLC Has $3.89 Million Stock Position in Archer Daniels Midland Co (NYSE:ADM)
Clearbridge Investments LLC lifted its stake in Archer Daniels Midland Co (NYSE:ADM) by 5.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 110,610 shares of the company’s stock after acquiring an additional 6,200 shares during the quarter. Clearbridge Investments LLC’s holdings in Archer Daniels Midland were worth $3,891,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in ADM. Commerce Bank increased its position in Archer Daniels Midland by 2.4% during the first quarter. Commerce Bank now owns 33,709 shares of the company’s stock worth $1,186,000 after buying an additional 780 shares during the last quarter. CNA Financial Corp increased its position in Archer Daniels Midland by 60.1% during the fourth quarter. CNA Financial Corp now owns 60,688 shares of the company’s stock worth $2,813,000 after buying an additional 22,788 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in Archer Daniels Midland during the fourth quarter worth approximately $9,518,000. AXA increased its position in Archer Daniels Midland by 49.6% during the fourth quarter. AXA now owns 805,628 shares of the company’s stock worth $37,341,000 after buying an additional 267,245 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in Archer Daniels Midland by 132.5% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 102,989 shares of the company’s stock worth $3,623,000 after buying an additional 58,700 shares during the last quarter. 76.40% of the stock is currently owned by institutional investors and hedge funds.
Shares of ADM stock opened at $39.66 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 1.00 and a debt-to-equity ratio of 0.45. The stock has a market cap of $21.63 billion, a P/E ratio of 14.53 and a beta of 0.95. The stock has a 50 day simple moving average of $38.44 and a 200 day simple moving average of $39.99. Archer Daniels Midland Co has a 1 year low of $28.92 and a 1 year high of $47.20.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 3.63%. The ex-dividend date was Tuesday, May 19th. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 44.44%.
In other Archer Daniels Midland news, Director Pierre Dufour bought 1,070 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was purchased at an average cost of $35.20 per share, for a total transaction of $37,664.00. Following the completion of the purchase, the director now directly owns 7,700 shares of the company’s stock, valued at $271,040. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, SVP Christopher M. Cuddy sold 1,929 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $42.76, for a total value of $82,484.04. Following the sale, the senior vice president now owns 169,264 shares of the company’s stock, valued at $7,237,728.64. The disclosure for this sale can be found here. Insiders own 1.27% of the company’s stock.
A number of brokerages have weighed in on ADM. Robert W. Baird boosted their price target on Archer Daniels Midland from $38.00 to $41.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Zacks Investment Research downgraded Archer Daniels Midland from a “buy” rating to a “hold” rating and set a $37.00 target price on the stock. in a research report on Monday, April 6th. ValuEngine downgraded Archer Daniels Midland from a “hold” rating to a “sell” rating in a research report on Monday, April 27th. Monness Crespi & Hardt raised Archer Daniels Midland from a “sell” rating to a “neutral” rating and set a $38.00 target price on the stock in a research report on Monday, March 2nd. Finally, Morgan Stanley decreased their target price on Archer Daniels Midland from $47.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, March 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $43.13.
Archer Daniels Midland Company Profile
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.
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