TCM Advisors LLC acquired a new position in shares of Archer Daniels Midland Company (NYSE:ADM – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,018 shares of the company’s stock, valued at approximately $918,000. Archer Daniels Midland makes up approximately 0.1% of TCM Advisors LLC’s portfolio, making the stock its 24th biggest holding.
Other institutional investors and hedge funds also recently modified their holdings of the company. Kelleher Financial Advisors acquired a new position in shares of Archer Daniels Midland in the 2nd quarter valued at $25,000. Motiv8 Investments LLC purchased a new position in Archer Daniels Midland in the 4th quarter worth about $26,000. Sankala Group LLC acquired a new stake in Archer Daniels Midland during the 4th quarter worth about $28,000. Nalls Sherbakoff Group LLC purchased a new stake in Archer Daniels Midland during the fourth quarter valued at about $29,000. Finally, Global Trust Asset Management LLC purchased a new stake in Archer Daniels Midland during the first quarter valued at about $29,000. 78.28% of the stock is owned by institutional investors and hedge funds.
Archer Daniels Midland Stock Down 0.2%
Shares of Archer Daniels Midland stock opened at $80.10 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.39 and a quick ratio of 0.86. The firm has a market cap of $38.60 billion, a price-to-earnings ratio of 21.95 and a beta of 0.62. Archer Daniels Midland Company has a 52-week low of $55.58 and a 52-week high of $88.46. The stock has a 50-day simple moving average of $79.89 and a 200-day simple moving average of $75.38.
Archer Daniels Midland Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be given a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.6%. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 56.99%.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on ADM. Zacks Research raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. boosted their target price on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. UBS Group raised their target price on Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Barclays upped their price target on Archer Daniels Midland from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 5th. Finally, Wall Street Zen downgraded Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research note on Sunday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Archer Daniels Midland has an average rating of “Hold” and an average price target of $79.67.
View Our Latest Stock Report on ADM
Archer Daniels Midland Profile
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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