Southeast Asset Advisors LLC Makes New Investment in Archer Daniels Midland Company $ADM

Key Points

• Southeast Asset Advisors LLC acquired 5,508 shares of Archer Daniels Midland Company (NYSE: ADM) during the first quarter, valued at approximately $264,000.
• Archer Daniels Midland reported an earnings per share (EPS) of $0.93 for its most recent quarter, exceeding analysts' expectations of $0.88, despite a year-over-year revenue decline of 4.9%.
• The company announced a quarterly dividend of $0.51, translating to an annual dividend yield of 3.2% and a payout ratio of 89.87%.

Southeast Asset Advisors LLC purchased a new position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,508 shares of the company's stock, valued at approximately $264,000.

Several other institutional investors also recently modified their holdings of ADM. S.A. Mason LLC acquired a new stake in shares of Archer Daniels Midland during the 1st quarter worth approximately $25,000. Headlands Technologies LLC acquired a new stake in shares of Archer Daniels Midland during the 1st quarter worth approximately $25,000. ORG Partners LLC grew its position 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 buying an additional 523 shares during the period. NBC Securities Inc. acquired a new stake in shares of Archer Daniels Midland during the 1st quarter worth approximately $37,000. Finally, Capital Advisors Ltd. LLC grew its position in shares of Archer Daniels Midland by 43.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock worth $38,000 after buying an additional 237 shares during the period. Institutional investors and hedge funds own 78.28% of the company's stock.

Analyst Ratings Changes

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

Archer Daniels Midland Stock Down 0.2%

NYSE ADM traded down $0.12 during trading hours on Wednesday, reaching $62.71. 2,896,077 shares of the company's stock were exchanged, compared to its average volume of 3,825,333. The company's 50-day moving average is $56.22 and its two-hundred day moving average is $50.59. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $64.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. The company has a market capitalization of $30.13 billion, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 3.35 and a beta of 0.68.

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

Archer Daniels Midland Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio (DPR) is currently 89.87%.

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.