abrdn plc Buys 8,606 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

abrdn plc raised its stake in Archer-Daniels-Midland Company (NYSE:ADMFree Report) by 2.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 319,950 shares of the company’s stock after acquiring an additional 8,606 shares during the period. abrdn plc’s holdings in Archer-Daniels-Midland were worth $24,131,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ADM. Cetera Investment Advisers lifted its position in shares of Archer-Daniels-Midland by 71.9% in the first quarter. Cetera Investment Advisers now owns 18,699 shares of the company’s stock worth $1,688,000 after purchasing an additional 7,821 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Archer-Daniels-Midland during the first quarter worth $277,000. Brighton Jones LLC acquired a new position in Archer-Daniels-Midland during the first quarter worth $226,000. Candriam Luxembourg S.C.A. increased its holdings in Archer-Daniels-Midland by 22.0% during the first quarter. Candriam Luxembourg S.C.A. now owns 31,004 shares of the company’s stock worth $2,798,000 after buying an additional 5,586 shares during the last quarter. Finally, Baird Financial Group Inc. increased its holdings in Archer-Daniels-Midland by 2.1% during the first quarter. Baird Financial Group Inc. now owns 459,907 shares of the company’s stock worth $41,512,000 after buying an additional 9,327 shares during the last quarter. Institutional investors own 77.73% of the company’s stock.

Archer-Daniels-Midland Trading Up 1.9 %

Shares of Archer-Daniels-Midland stock opened at $56.00 on Wednesday. Archer-Daniels-Midland Company has a 52-week low of $50.72 and a 52-week high of $87.30. The firm has a 50-day moving average of $69.69 and a 200-day moving average of $75.08. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.07 and a current ratio of 1.69. The stock has a market cap of $29.87 billion, a PE ratio of 7.80 and a beta of 0.78.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 29th. Investors of record on Thursday, February 8th will be given 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 yield of 3.57%. Archer-Daniels-Midland’s dividend payout ratio is currently 27.86%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ADM shares. JPMorgan Chase & Co. lowered their target price on shares of Archer-Daniels-Midland from $77.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, October 25th. Argus downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Morgan Stanley decreased 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 report on Monday, October 30th. StockNews.com downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Finally, Roth Capital downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $68.00.

View Our Latest Stock Report on ADM

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.

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

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