Perpetual Ltd Acquires Shares of 4,300 Archer Daniels Midland Company $ADM

Key Points

• Perpetual Ltd acquired 4,300 shares of Archer Daniels Midland Company (ADM) valued at approximately $227,000, marking a new position according to the latest SEC filing.
• Multiple institutional investors made significant changes to their holdings in ADM, with 78.28% of the company's stock now owned by hedge funds and other institutional investors.
• Brokerages are optimistic about ADM's growth, with UBS Group raising its target price from $60.00 to $70.00 and several analysts upgrading their ratings amid a projected consensus price target of $55.50.

Perpetual Ltd bought a new stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,300 shares of the company's stock, valued at approximately $227,000.

Other large investors have also recently added to or reduced their stakes in the company. S.A. Mason LLC acquired a new position in Archer Daniels Midland in the 1st quarter valued at approximately $25,000. Headlands Technologies LLC acquired a new position in shares of Archer Daniels Midland during the 1st quarter worth $25,000. ORG Partners LLC increased its stake in shares of Archer Daniels Midland by 297.2% during the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $34,000 after purchasing an additional 523 shares during the last quarter. NBC Securities Inc. acquired a new position in Archer Daniels Midland in the 1st quarter valued at $37,000. Finally, Capital Advisors Ltd. LLC grew its stake in Archer Daniels Midland by 43.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after buying an additional 237 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ADM. Barclays upgraded shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group reissued a "buy" rating and issued a $70.00 price target (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. JPMorgan Chase & Co. assumed coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price target for the company. Finally, Morgan Stanley increased their price target on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Archer Daniels Midland presently has a consensus rating of "Hold" and an average price target of $55.50.

Archer Daniels Midland Price Performance

NYSE ADM traded down $1.82 on Monday, hitting $59.83. 4,341,997 shares of the company were exchanged, compared to its average volume of 3,503,748. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a market cap of $28.75 billion, a P/E ratio of 26.36, a P/E/G ratio of 3.28 and a beta of 0.68. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $64.38. The firm has a 50 day moving average of $58.91 and a two-hundred day moving average of $52.45.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.88 by $0.05. The company had revenue of $21.17 billion during the quarter, compared to analysts' expectations of $21.56 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. Archer Daniels Midland's revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. On average, equities analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio (DPR) is presently 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.