MBB Public Markets I LLC Buys New Stake in Archer Daniels Midland Company $ADM

Key Points

• MBB Public Markets I LLC has acquired 6,755 shares of Archer Daniels Midland Company (NYSE:ADM), valued at approximately $324,000, during the first quarter.
• Institutional investors own 78.28% of Archer Daniels Midland's stock, with notable increases in holdings from several hedge funds including Wellington Management Group and Charles Schwab Investment Management.
• The company reported $0.93 earnings per share, exceeding analyst estimates, despite a 4.9% decline in revenue compared to the previous year.

MBB Public Markets I LLC bought a new position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 6,755 shares of the company's stock, valued at approximately $324,000.

A number of other institutional investors have also added to or reduced their stakes in ADM. Wellington Management Group LLP lifted its position in shares of Archer Daniels Midland by 17.9% in the 1st quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company's stock worth $1,197,568,000 after purchasing an additional 3,791,597 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Archer Daniels Midland by 350.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company's stock worth $838,030,000 after buying an additional 13,579,379 shares in the last quarter. Northern Trust Corp lifted its holdings in Archer Daniels Midland by 3.7% during the first quarter. Northern Trust Corp now owns 11,448,325 shares of the company's stock worth $549,634,000 after buying an additional 413,314 shares during the period. Invesco Ltd. boosted its position in Archer Daniels Midland by 8.5% during the 1st quarter. Invesco Ltd. now owns 7,753,585 shares of the company's stock valued at $372,250,000 after acquiring an additional 607,767 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Archer Daniels Midland by 18.0% in the 4th quarter. ProShare Advisors LLC now owns 3,410,560 shares of the company's stock valued at $172,301,000 after acquiring an additional 520,615 shares during the period. Hedge funds and other institutional investors own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ADM. Wall Street Zen upgraded shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. started coverage on shares of Archer Daniels Midland in a research note on Wednesday, August 20th. They set a "neutral" rating and a $61.00 price objective for the company. UBS Group reissued a "buy" rating and set a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. 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 assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $55.50.

Archer Daniels Midland Stock Performance

Shares of NYSE:ADM traded up $0.24 on Friday, hitting $61.66. 2,289,866 shares of the company were exchanged, compared to its average volume of 3,917,430. The firm has a market capitalization of $29.63 billion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 3.27 and a beta of 0.69. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $64.38. The stock's 50 day moving average price is $58.11 and its 200 day moving average price is $51.78.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued 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. The company had revenue of $21.17 billion during the quarter, compared to analyst estimates of $21.56 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The firm's quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. Sell-side analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.3%. The ex-dividend date was Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio is 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.