NorthCrest Asset Manangement LLC Takes Position in Archer Daniels Midland Company $ADM

Key Points

• NorthCrest Asset Management LLC acquired 4,770 shares of Archer Daniels Midland Company (ADM) valued at approximately $264,000 during the 2nd quarter.
• Archer Daniels Midland recently declared a quarterly dividend of $0.51, with a dividend yield of 3.3% and a payout ratio of 89.87%.
• The company's stock is currently trading above its twelve-month low of $40.98 and near its high of $64.38, with a recent price target set at $61.00 by JPMorgan Chase & Co.

NorthCrest Asset Manangement LLC bought a new position in Archer Daniels Midland Company (NYSE:ADM - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,770 shares of the company's stock, valued at approximately $264,000.

Other institutional investors have also recently made changes to their positions in the company. Mn Services Vermogensbeheer B.V. bought a new position in Archer Daniels Midland in the 2nd quarter valued at approximately $9,474,000. Czech National Bank increased its holdings in Archer Daniels Midland by 6.8% in the 2nd quarter. Czech National Bank now owns 117,439 shares of the company's stock worth $6,198,000 after buying an additional 7,528 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Archer Daniels Midland by 35.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,650 shares of the company's stock worth $140,000 after buying an additional 692 shares during the last quarter. Trust Co of the South bought a new position in Archer Daniels Midland during the 2nd quarter valued at about $503,000. Finally, Central Pacific Bank Trust Division boosted its holdings in shares of Archer Daniels Midland by 15.9% during the 2nd quarter. Central Pacific Bank Trust Division now owns 12,400 shares of the company's stock valued at $654,000 after acquiring an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

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

Archer Daniels Midland Price Performance

Archer Daniels Midland stock traded down $1.82 during mid-day trading on Monday, reaching $59.83. 4,341,997 shares of the company's stock traded hands, compared to its average volume of 3,503,748. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $64.38. The company has a market cap of $28.75 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 3.28 and a beta of 0.68. The stock has a 50 day moving average of $58.91 and a two-hundred day moving average of $52.45. 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 announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.05. The firm had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $21.56 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The firm's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. Equities analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders 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 dividend yield of 3.4%. 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.