Aptus Capital Advisors LLC Makes New $204,000 Investment in Archer-Daniels-Midland Company (NYSE:ADM)

Aptus Capital Advisors LLC bought a new position in shares of Archer-Daniels-Midland Company (NYSE:ADMFree Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,701 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors have also recently added to or reduced their stakes in ADM. Cetera Investment Advisers grew its holdings in Archer-Daniels-Midland by 71.9% during the 1st quarter. Cetera Investment Advisers now owns 18,699 shares of the company’s stock worth $1,688,000 after acquiring an additional 7,821 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Archer-Daniels-Midland during the 1st quarter worth approximately $277,000. Brighton Jones LLC bought a new stake in Archer-Daniels-Midland during the 1st quarter worth approximately $226,000. Candriam Luxembourg S.C.A. boosted its stake in shares of Archer-Daniels-Midland by 22.0% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 31,004 shares of the company’s stock valued at $2,798,000 after purchasing an additional 5,586 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its stake in shares of Archer-Daniels-Midland by 2.1% in the 1st quarter. Baird Financial Group Inc. now owns 459,907 shares of the company’s stock valued at $41,512,000 after purchasing an additional 9,327 shares during the last quarter. 77.73% of the stock is owned by institutional investors.

Archer-Daniels-Midland Stock Performance

ADM opened at $53.75 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.07 and a debt-to-equity ratio of 0.33. The company’s fifty day moving average price is $66.09 and its two-hundred day moving average price is $73.24. Archer-Daniels-Midland Company has a 1-year low of $50.72 and a 1-year high of $87.30. The company has a market cap of $28.67 billion, a price-to-earnings ratio of 7.49 and a beta of 0.76.

Archer-Daniels-Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 29th. Shareholders of record on Thursday, February 8th will be issued a dividend of $0.50 per share. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, February 7th. This represents a $2.00 annualized dividend and a yield of 3.72%. Archer-Daniels-Midland’s dividend payout ratio is presently 27.86%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ADM. Stifel Nicolaus lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and reduced their price objective for the company from $116.00 to $56.00 in a research note on Monday, January 22nd. Citigroup began coverage on shares of Archer-Daniels-Midland in a research note on Thursday, February 1st. They issued a “neutral” rating and a $57.00 price objective on the stock. StockNews.com lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Morgan Stanley reduced their price objective on shares of Archer-Daniels-Midland from $87.00 to $76.00 and set an “equal weight” rating on the stock in a research note on Monday, October 30th. Finally, Argus downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to data from MarketBeat, Archer-Daniels-Midland currently has an average rating of “Hold” and an average price target of $67.08.

Get Our Latest Stock Report on Archer-Daniels-Midland

About Archer-Daniels-Midland

(Free Report)

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. The company operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

Further Reading

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Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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