Lombard Odier Asset Management Switzerland SA acquired a new stake in shares of Archer Daniels Midland Company (NYSE:ADM – Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,041 shares of the company’s stock, valued at approximately $1,311,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of ADM. Toth Financial Advisory Corp purchased a new stake in shares of Archer Daniels Midland in the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC purchased a new position in Archer Daniels Midland during the 4th quarter worth $26,000. Sankala Group LLC bought a new stake in Archer Daniels Midland during the 4th quarter valued at $28,000. Nalls Sherbakoff Group LLC bought a new stake in Archer Daniels Midland during the 4th quarter valued at $29,000. Finally, Global Trust Asset Management LLC purchased a new stake in shares of Archer Daniels Midland in the 1st quarter worth $29,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.
Archer Daniels Midland Trading Down 3.0%
Archer Daniels Midland stock opened at $83.38 on Tuesday. The stock has a 50-day moving average price of $79.90 and a 200 day moving average price of $73.41. The company has a market capitalization of $40.19 billion, a price-to-earnings ratio of 37.39 and a beta of 0.62. The company has a quick ratio of 0.80, a current ratio of 1.31 and a debt-to-equity ratio of 0.28. Archer Daniels Midland Company has a 52 week low of $52.96 and a 52 week high of $88.46.
Archer Daniels Midland Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, May 20th. Archer Daniels Midland’s payout ratio is 93.27%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on ADM shares. Morgan Stanley raised their price target on Archer Daniels Midland from $58.00 to $60.00 and gave the company an “underweight” rating in a research note on Monday, July 20th. 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 report on Monday, June 15th. Jefferies Financial Group upped their price target on shares of Archer Daniels Midland from $65.00 to $77.00 and gave the stock a “hold” rating in a research report on Monday, April 6th. Barclays increased their price objective on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Friday, July 17th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Archer Daniels Midland currently has a consensus rating of “Reduce” and an average target price of $75.67.
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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