J.P. Morgan Private Wealth Advisors LLC Invests $1.34 Million in Archer-Daniels-Midland Company (NYSE:ADM)

J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Archer-Daniels-Midland Company (NYSE:ADMFree Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,719 shares of the company’s stock, valued at approximately $1,336,000.

A number of other large investors have also modified their holdings of ADM. PCA Investment Advisory Services Inc. purchased a new position in shares of Archer-Daniels-Midland during the 2nd quarter worth approximately $25,000. Legacy Financial Group LLC purchased a new position in Archer-Daniels-Midland in the 3rd quarter valued at approximately $30,000. Almanack Investment Partners LLC. purchased a new position in Archer-Daniels-Midland in the 3rd quarter valued at approximately $43,000. Strengthening Families & Communities LLC increased its stake in Archer-Daniels-Midland by 37.3% in the 3rd quarter. Strengthening Families & Communities LLC now owns 641 shares of the company’s stock valued at $48,000 after purchasing an additional 174 shares in the last quarter. Finally, GHP Investment Advisors Inc. increased its stake in Archer-Daniels-Midland by 34.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 701 shares of the company’s stock valued at $51,000 after purchasing an additional 180 shares in the last quarter. 77.73% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Price Performance

ADM stock opened at $53.05 on Monday. Archer-Daniels-Midland Company has a 52-week low of $50.72 and a 52-week high of $87.30. The stock’s fifty day simple moving average is $66.51 and its 200-day simple moving average is $73.47. The company has a quick ratio of 1.07, a current ratio of 1.69 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $28.30 billion, a price-to-earnings ratio of 7.39 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. Stockholders of record on Thursday, February 8th will be issued a dividend of $0.50 per share. This is a boost 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 dividend yield of 3.77%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 27.86%.

Analyst Ratings Changes

Several equities analysts recently weighed in on ADM shares. Citigroup started coverage on Archer-Daniels-Midland in a research note on Thursday, February 1st. They issued a “neutral” rating and a $57.00 price objective for the company. The Goldman Sachs Group downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $90.00 to $67.00 in a research note on Monday, January 22nd. Argus cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. UBS Group reiterated a “neutral” rating and set a $51.00 target price (down previously from $104.00) on shares of Archer-Daniels-Midland in a report on Friday, January 26th. Finally, JPMorgan Chase & Co. lowered their target price on Archer-Daniels-Midland from $77.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, October 25th. 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.com, Archer-Daniels-Midland has a consensus rating of “Hold” and an average target price of $67.08.

View Our Latest Stock Analysis on ADM

Archer-Daniels-Midland Profile

(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.

See Also

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

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