Waterloo Capital L.P. purchased a new position in Archer Daniels Midland Company (NYSE:ADM – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,473 shares of the company’s stock, valued at approximately $372,000.
A number of other hedge funds have also recently added to or reduced their stakes in ADM. Woodline Partners LP boosted its stake in Archer Daniels Midland by 40.8% in the 1st quarter. Woodline Partners LP now owns 40,429 shares of the company’s stock worth $1,941,000 after buying an additional 11,715 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Archer Daniels Midland by 5.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 83,983 shares of the company’s stock worth $4,433,000 after buying an additional 4,224 shares during the last quarter. Sei Investments Co. boosted its stake in Archer Daniels Midland by 40.0% in the 2nd quarter. Sei Investments Co. now owns 191,633 shares of the company’s stock worth $10,116,000 after buying an additional 54,746 shares during the last quarter. Glenview Trust co acquired a new stake in Archer Daniels Midland in the 2nd quarter worth about $203,000. Finally, Treasurer of the State of North Carolina boosted its stake in Archer Daniels Midland by 2.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 223,280 shares of the company’s stock worth $11,785,000 after buying an additional 5,051 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.
Archer Daniels Midland Stock Performance
Archer Daniels Midland stock opened at $82.61 on Tuesday. The stock’s 50 day moving average price is $74.23 and its 200 day moving average price is $67.43. The firm has a market capitalization of $39.82 billion, a PE ratio of 37.05 and a beta of 0.59. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.80 and a current ratio of 1.31. Archer Daniels Midland Company has a one year low of $46.81 and a one year high of $83.10.
Archer Daniels Midland Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $2.08 annualized dividend and a yield of 2.5%. Archer Daniels Midland’s payout ratio is 93.27%.
Insider Activity at Archer Daniels Midland
In other Archer Daniels Midland news, SVP Gregory A. Morris sold 50,000 shares of Archer Daniels Midland stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $68.48, for a total transaction of $3,424,000.00. Following the sale, the senior vice president directly owned 300,122 shares in the company, valued at $20,552,354.56. The trade was a 14.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ian R. Pinner sold 34,106 shares of Archer Daniels Midland stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $71.53, for a total value of $2,439,602.18. Following the sale, the senior vice president owned 90,676 shares in the company, valued at $6,486,054.28. This represents a 27.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.60% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on ADM. BMO Capital Markets reaffirmed a “market perform” rating and issued a $63.00 price objective on shares of Archer Daniels Midland in a research note on Wednesday, February 4th. Wall Street Zen raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Jefferies Financial Group raised their price target on shares of Archer Daniels Midland from $65.00 to $77.00 and gave the company a “hold” rating in a report on Monday, April 6th. JPMorgan Chase & Co. raised their price target on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Finally, Barclays raised their price target on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Archer Daniels Midland currently has an average rating of “Hold” and an average target price of $74.50.
Check Out Our Latest Research 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.
See Also
- Five stocks we like better than Archer Daniels Midland
- Why 1 Little-Known ETF Is Riding the AI Chip Shortage
- Why These Three Big Buybacks Are Sending Very Different Signals to Investors
- Drone Stocks Soar As Pentagon Considers Funding, Including a Trump-Linked Name
- Braze Blazes Ahead on Q1 2027 Earnings Beat, Raised Guidance
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.
