Archer Daniels Midland Company $ADM Shares Acquired by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in Archer Daniels Midland Company (NYSE:ADM) by 26.0%, acquiring an additional 90,000 shares, bringing its total ownership to 436,692 shares valued at approximately $20.97 million.
• Several hedge funds, including Foundations Investment Advisors LLC, Capital Advisors Ltd. LLC, and Sagespring Wealth Partners LLC, have also increased their stakes in Archer Daniels Midland during the first quarter, with institutional investors now owning 78.28% of the company's stock.
• Archer Daniels Midland recently announced a quarterly dividend of $0.51 per share, representing a 3.3% dividend yield, and reported earnings of $0.93 EPS for the last quarter, exceeding analysts' expectations.

Adage Capital Partners GP L.L.C. raised its position in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 26.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 436,692 shares of the company's stock after purchasing an additional 90,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.09% of Archer Daniels Midland worth $20,966,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Foundations Investment Advisors LLC increased its position in shares of Archer Daniels Midland by 5.4% during the first quarter. Foundations Investment Advisors LLC now owns 4,310 shares of the company's stock worth $207,000 after acquiring an additional 220 shares during the period. Capital Advisors Ltd. LLC increased its position in shares of Archer Daniels Midland by 43.4% during the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock worth $38,000 after acquiring an additional 237 shares during the period. Sagespring Wealth Partners LLC increased its position in shares of Archer Daniels Midland by 4.1% during the first quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock worth $289,000 after acquiring an additional 239 shares during the period. Stolper Co increased its position in shares of Archer Daniels Midland by 0.8% during the first quarter. Stolper Co now owns 33,691 shares of the company's stock worth $1,618,000 after acquiring an additional 275 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its position in shares of Archer Daniels Midland by 6.6% during the first quarter. Fifth Third Wealth Advisors LLC now owns 5,296 shares of the company's stock worth $254,000 after acquiring an additional 326 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer Daniels Midland Stock Down 3.1%

ADM traded down $1.95 during trading on Wednesday, hitting $60.24. The stock had a trading volume of 764,331 shares, compared to its average volume of 3,915,002. The company has a market capitalization of $28.94 billion, a PE ratio of 26.54, a PEG ratio of 3.32 and a beta of 0.68. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month 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 stock has a 50 day simple moving average of $57.87 and a two-hundred day simple moving average of $51.63.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.05. The company 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%. Archer Daniels Midland's revenue was down 4.9% compared to the same quarter last year. During the same period last year, the firm earned $1.03 earnings per share. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. On average, research analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Wednesday, August 20th. Archer Daniels Midland's payout ratio is presently 89.87%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ADM. Wall Street Zen upgraded shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Morgan Stanley increased their price objective on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 12th. 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 note on Wednesday, August 6th. JPMorgan Chase & Co. began 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 on the stock. Finally, UBS Group reiterated a "buy" rating and set a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $55.50.

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.