UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Archer Daniels Midland Company (NYSE:ADM – Free Report) by 4.1% during the second quarter, Holdings Channel reports. The fund owned 2,875,370 shares of the company’s stock after acquiring an additional 112,980 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Archer Daniels Midland were worth $219,678,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in ADM. Kelleher Financial Advisors purchased a new stake in shares of Archer Daniels Midland in the 2nd quarter valued at approximately $25,000. Orion Capital Management LLC acquired a new stake in shares of Archer Daniels Midland during the second quarter worth about $27,000. Global Trust Asset Management LLC purchased a new stake in Archer Daniels Midland in the first quarter valued at approximately $29,000. OP Asset Management Ltd purchased a new stake in Archer Daniels Midland in the 1st quarter valued at $30,000. Finally, Motiv8 Investments LLC purchased a new stake in shares of Archer Daniels Midland in the fourth quarter valued at about $26,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.
Archer Daniels Midland Stock Performance
Shares of ADM stock opened at $81.36 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.39. The firm has a market capitalization of $39.21 billion, a price-to-earnings ratio of 22.29 and a beta of 0.62. The company has a 50 day moving average price of $80.28 and a 200 day moving average price of $75.92. Archer Daniels Midland Company has a one year low of $55.58 and a one year high of $88.46.
Archer Daniels Midland Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Wednesday, August 19th. Archer Daniels Midland’s payout ratio is currently 56.99%.
Wall Street Analyst Weigh In
ADM has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research note on Monday. Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $60.00 to $79.00 in a research note on Wednesday, August 5th. UBS Group upped their price objective on Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, June 15th. Finally, Weiss Ratings upgraded shares of Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $79.67.
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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