Jacobs Levy Equity Management Inc. Raises Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Jacobs Levy Equity Management Inc. increased its position in Archer-Daniels-Midland Company (NYSE:ADM) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,485,006 shares of the company’s stock after purchasing an additional 26,291 shares during the period. Archer-Daniels-Midland accounts for 0.8% of Jacobs Levy Equity Management Inc.’s portfolio, making the stock its 25th biggest position. Jacobs Levy Equity Management Inc.’s holdings in Archer-Daniels-Midland were worth $208,194,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new stake in shares of Archer-Daniels-Midland in the third quarter worth $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Archer-Daniels-Midland in the third quarter worth $26,000. Riverview Trust Co purchased a new stake in shares of Archer-Daniels-Midland in the second quarter worth $27,000. Altshuler Shaham Ltd purchased a new stake in shares of Archer-Daniels-Midland in the second quarter worth $28,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of Archer-Daniels-Midland in the third quarter worth $28,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Price Performance

Shares of ADM stock opened at $54.30 on Tuesday. Archer-Daniels-Midland Company has a 52-week low of $48.92 and a 52-week high of $77.35. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40. The firm has a market capitalization of $25.98 billion, a P/E ratio of 15.51 and a beta of 0.72. The stock has a 50 day moving average price of $55.89 and a 200 day moving average price of $59.24.

Archer-Daniels-Midland Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 57.14%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ADM. Morgan Stanley dropped their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. UBS Group increased their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $62.83.

About Archer-Daniels-Midland

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.