Inspire Investing LLC grew its holdings in shares of Archer Daniels Midland Company (NYSE:ADM – Free Report) by 542.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 27,335 shares of the company’s stock after acquiring an additional 23,083 shares during the period. Inspire Investing LLC’s holdings in Archer Daniels Midland were worth $1,987,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of ADM. Toth Financial Advisory Corp acquired a new stake in Archer Daniels Midland in the fourth quarter valued at $25,000. Motiv8 Investments LLC acquired a new position in Archer Daniels Midland during the 4th quarter worth about $26,000. Sankala Group LLC acquired a new position in Archer Daniels Midland during the 4th quarter worth about $28,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Archer Daniels Midland in the fourth quarter valued at about $29,000. Finally, OP Asset Management Ltd bought a new position in shares of Archer Daniels Midland during the first quarter worth about $30,000. Institutional investors and hedge funds own 78.28% of the company’s stock.
Archer Daniels Midland Stock Performance
NYSE ADM opened at $76.39 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.80 and a current ratio of 1.31. The company has a market capitalization of $36.82 billion, a PE ratio of 34.26 and a beta of 0.60. Archer Daniels Midland Company has a 52-week low of $52.23 and a 52-week high of $85.37. The company has a 50-day simple moving average of $77.53 and a 200 day simple moving average of $70.29.
Archer Daniels Midland Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Wednesday, May 20th. Archer Daniels Midland’s payout ratio is currently 93.27%.
Analyst Ratings Changes
A number of analysts have weighed in on ADM shares. Barclays increased their target price on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Wall Street Zen raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research cut shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Monday, April 20th. Finally, Morgan Stanley upped their price target on shares of Archer Daniels Midland from $54.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Archer Daniels Midland presently has a consensus rating of “Reduce” and an average target price of $75.33.
Read Our Latest Analysis 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.
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