Candriam S.C.A. Acquires 12,678 Shares of Archer Daniels Midland Company $ADM

Key Points

• Candriam S.C.A. increased its stake in Archer Daniels Midland Company (ADM) by 27.4% during the first quarter, now holding 58,888 shares valued at approximately $2.83 million.
• Archer Daniels Midland's latest quarterly earnings exceeded estimates, with EPS of $0.93, but reported a revenue decline of 4.9% year-over-year.
• The company declared a quarterly dividend of $0.51 per share, with a dividend yield of 3.2%, reflecting a payout ratio of 89.87%.

Candriam S.C.A. increased its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 27.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,888 shares of the company's stock after purchasing an additional 12,678 shares during the period. Candriam S.C.A.'s holdings in Archer Daniels Midland were worth $2,827,000 at the end of the most recent quarter.

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

Archer Daniels Midland Trading Down 0.2%

Shares of NYSE:ADM traded down $0.12 on Wednesday, reaching $62.71. 2,824,733 shares of the company traded hands, compared to its average volume of 3,966,054. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $64.38. 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 business's 50-day simple moving average is $56.04 and its 200 day simple moving average is $50.51. The stock has a market capitalization of $30.13 billion, a P/E ratio of 27.62, a price-to-earnings-growth ratio of 3.42 and a beta of 0.68.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share for the quarter, beating 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 company had revenue of $21.17 billion during the quarter, compared to analyst estimates of $21.56 billion. During the same quarter in the previous year, the company posted $1.03 EPS. Archer Daniels Midland's revenue for the quarter was down 4.9% on a year-over-year basis. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, equities analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on ADM shares. 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. Wall Street Zen raised Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Morgan Stanley boosted their target price 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. JPMorgan Chase & Co. assumed coverage on Archer Daniels Midland in a research report on Wednesday, August 20th. They set a "neutral" rating and a $61.00 target price for the company. Finally, Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $50.00 to $61.00 in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently 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.