Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Archer Daniels Midland Company (NYSE:ADM – Free Report) by 6.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 286,876 shares of the company’s stock after buying an additional 16,234 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Archer Daniels Midland worth $17,138,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Dodge & Cox acquired a new stake in Archer Daniels Midland in the second quarter valued at approximately $345,689,000. Norges Bank acquired a new position in Archer Daniels Midland in the second quarter worth about $340,247,000. Pacer Advisors Inc. lifted its holdings in shares of Archer Daniels Midland by 8,609.3% during the third quarter. Pacer Advisors Inc. now owns 4,405,427 shares of the company’s stock valued at $263,180,000 after acquiring an additional 4,354,844 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Archer Daniels Midland by 3.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 18,076,118 shares of the company’s stock valued at $954,058,000 after acquiring an additional 620,794 shares during the last quarter. Finally, PGGM Investments raised its holdings in shares of Archer Daniels Midland by 94.8% in the second quarter. PGGM Investments now owns 830,238 shares of the company’s stock valued at $43,820,000 after buying an additional 404,100 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.
Archer Daniels Midland Stock Up 0.6%
Shares of NYSE ADM opened at $67.52 on Friday. The company has a 50 day simple moving average of $60.34 and a 200 day simple moving average of $59.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.37 and a quick ratio of 0.92. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $68.06. The firm has a market cap of $32.45 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 4.69 and a beta of 0.70.
Archer Daniels Midland Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Wednesday, November 19th were paid a dividend of $0.51 per share. The ex-dividend date was Wednesday, November 19th. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. Archer Daniels Midland’s dividend payout ratio is presently 83.27%.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. Morgan Stanley lowered shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $57.00 to $50.00 in a report on Tuesday, December 16th. Zacks Research lowered shares of Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Archer Daniels Midland from $59.00 to $60.00 and gave the stock an “underweight” rating in a research note on Wednesday. Finally, UBS Group reissued a “buy” rating on shares of Archer Daniels Midland in a research note on Monday, December 15th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Archer Daniels Midland currently has an average rating of “Reduce” and an average price target of $54.50.
Get Our Latest Analysis on Archer Daniels Midland
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.
Read More
- Five stocks we like better than Archer Daniels Midland
- INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off
- The $100 Trillion AI Story No One Is Telling You
- Buy This Stock at 9:30 AM on MONDAY!
- A U.S. “birthright” claim worth trillions – activated quietly
- Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!
Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer Daniels Midland Company (NYSE:ADM – Free Report).
Receive News & Ratings for Archer Daniels Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer Daniels Midland and related companies with MarketBeat.com's FREE daily email newsletter.
