Artemis Investment Management LLP lifted its holdings in shares of Archer Daniels Midland Company (NYSE:ADM – Free Report) by 182.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,263,198 shares of the company’s stock after acquiring an additional 1,462,429 shares during the quarter. Archer Daniels Midland makes up 1.4% of Artemis Investment Management LLP’s portfolio, making the stock its 12th biggest position. Artemis Investment Management LLP’s holdings in Archer Daniels Midland were worth $179,653,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the stock. Avidian Wealth Enterprises LLC lifted its position in Archer Daniels Midland by 9.4% during the third quarter. Avidian Wealth Enterprises LLC now owns 16,035 shares of the company’s stock valued at $1,273,000 after buying an additional 1,375 shares during the period. Valeo Financial Advisors LLC increased its position in shares of Archer Daniels Midland by 9.8% during the third quarter. Valeo Financial Advisors LLC now owns 6,963 shares of the company’s stock valued at $553,000 after acquiring an additional 620 shares in the last quarter. Plan A Wealth LLC lifted its holdings in shares of Archer Daniels Midland by 6.1% during the third quarter. Plan A Wealth LLC now owns 3,539 shares of the company’s stock valued at $281,000 after purchasing an additional 204 shares in the last quarter. City Center Advisors LLC lifted its stake in Archer Daniels Midland by 13.4% during the 3rd quarter. City Center Advisors LLC now owns 3,983 shares of the company’s stock valued at $316,000 after acquiring an additional 472 shares during the period. Finally, Cooper Financial Group purchased a new stake in Archer Daniels Midland in the third quarter worth approximately $220,000. 78.28% of the stock is owned by institutional investors.
Archer Daniels Midland Stock Up 1.7%
NYSE:ADM traded up $1.35 during mid-day trading on Thursday, reaching $82.69. The company’s stock had a trading volume of 831,348 shares, compared to its average volume of 3,780,207. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average of $81.84 and a 200-day moving average of $78.68. Archer Daniels Midland Company has a 1 year low of $55.58 and a 1 year high of $88.75. The firm has a market capitalization of $39.85 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 2.52 and a beta of 0.64.
Archer Daniels Midland Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th were given a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.5%. Archer Daniels Midland’s payout ratio is presently 56.99%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on ADM shares. Zacks Research downgraded Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a research note on Monday. Weiss Ratings upgraded Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. UBS Group upped their target price on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Morgan Stanley upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $60.00 to $79.00 in a report on Wednesday, August 5th. Finally, Jefferies Financial Group upgraded shares of Archer Daniels Midland to a “hold” rating in a report on Tuesday, September 29th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $79.67.
Read Our Latest Stock Analysis on Archer Daniels Midland
About Archer Daniels Midland
Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company that converts crops and other plant-based materials into food, feed, fuel and industrial ingredients. The company sources, transports, stores and processes commodities such as corn, soybeans, wheat and oilseeds through an extensive network of elevators, processing facilities and transportation assets.
ADM’s businesses include agricultural services and oilseeds, carbohydrate solutions, and nutrition.
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