apricus wealth LLC Acquires 10,205 Shares of Archer Daniels Midland Company $ADM

Key Points

• Apricus Wealth LLC increased its stake in Archer Daniels Midland Company by 18.5%, acquiring an additional 10,205 shares to hold a total of 65,406 shares.
• Several large investors, including Wellington Management and Charles Schwab Investment Management, have significantly increased their holdings in Archer Daniels Midland, reflecting strong institutional interest.
• Archer Daniels Midland has received upgraded ratings from analysts, with price targets raised by firms such as UBS Group and Barclays, now suggesting targets ranging from $61.00 to $70.00.

apricus wealth LLC lifted its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 18.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,406 shares of the company's stock after acquiring an additional 10,205 shares during the quarter. Archer Daniels Midland makes up 2.0% of apricus wealth LLC's portfolio, making the stock its 15th biggest position. apricus wealth LLC's holdings in Archer Daniels Midland were worth $3,452,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in Archer Daniels Midland by 17.9% in the 1st quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company's stock worth $1,197,568,000 after purchasing an additional 3,791,597 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Archer Daniels Midland by 350.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company's stock worth $838,030,000 after buying an additional 13,579,379 shares in the last quarter. Northern Trust Corp lifted its holdings in Archer Daniels Midland by 3.7% in the first quarter. Northern Trust Corp now owns 11,448,325 shares of the company's stock worth $549,634,000 after buying an additional 413,314 shares during the period. Invesco Ltd. boosted its position in Archer Daniels Midland by 8.5% during the 1st quarter. Invesco Ltd. now owns 7,753,585 shares of the company's stock valued at $372,250,000 after acquiring an additional 607,767 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Archer Daniels Midland by 6.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,015,752 shares of the company's stock worth $144,783,000 after acquiring an additional 184,852 shares during the period. Institutional investors own 78.28% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ADM. UBS Group restated a "buy" rating and set a $70.00 price target (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Barclays upgraded shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. JPMorgan Chase & Co. assumed coverage on shares of Archer Daniels Midland in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price target for the company. Weiss Ratings reissued a "hold (c)" rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. Finally, Morgan Stanley raised their target price on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Archer Daniels Midland presently has an average rating of "Hold" and an average price target of $55.50.

Archer Daniels Midland Price Performance

Shares of ADM opened at $63.21 on Tuesday. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $64.57. The company has a market capitalization of $30.37 billion, a P/E ratio of 27.85, a price-to-earnings-growth ratio of 5.00 and a beta of 0.70. The firm has a 50 day moving average of $61.45 and a 200 day moving average of $54.50. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its earnings results on Monday, December 2nd. The company reported $1.63 EPS for the quarter. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The business had revenue of $21.70 billion for the quarter. As a group, equities research analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were given a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a yield of 3.2%. Archer Daniels Midland's payout ratio is 89.87%.

Archer Daniels Midland Company Profile

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

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