DRW Securities LLC Grows Position in Archer Daniels Midland Company $ADM

Key Points

• DRW Securities LLC significantly increased its stake in Archer Daniels Midland Company by 332.7%, owning 61,438 shares valued at approximately $2.95 million as of the end of the latest quarter.
• Archer Daniels Midland reported quarterly earnings of $0.93 EPS, surpassing estimates, but showed a 4.9% decrease in revenue year-over-year, generating $21.17 billion.
• Analyst ratings for Archer Daniels Midland vary, with a consensus rating of "Hold" and an average target price of $55.50, reflecting cautious optimism among market observers.

DRW Securities LLC lifted its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 332.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 61,438 shares of the company's stock after acquiring an additional 47,238 shares during the quarter. DRW Securities LLC's holdings in Archer Daniels Midland were worth $2,950,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Foundations Investment Advisors LLC lifted its holdings in Archer Daniels Midland by 5.4% during the 1st quarter. Foundations Investment Advisors LLC now owns 4,310 shares of the company's stock worth $207,000 after buying an additional 220 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in Archer Daniels Midland by 43.4% in the 1st 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. Sagespring Wealth Partners LLC boosted its stake in Archer Daniels Midland by 4.1% during the 1st quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock worth $289,000 after purchasing an additional 239 shares during the period. Stolper Co grew its position in Archer Daniels Midland by 0.8% during the 1st quarter. Stolper Co now owns 33,691 shares of the company's stock worth $1,618,000 after purchasing an additional 275 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its stake in Archer Daniels Midland by 6.6% in the first quarter. Fifth Third Wealth Advisors LLC now owns 5,296 shares of the company's stock valued at $254,000 after purchasing an additional 326 shares during the period. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Price Performance

ADM traded down $0.34 during midday trading on Wednesday, reaching $61.71. 3,028,470 shares of the company's stock were exchanged, compared to its average volume of 3,660,844. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. The stock has a market capitalization of $29.65 billion, a PE ratio of 16.23, a P/E/G ratio of 3.34 and a beta of 0.69. The business's 50-day moving average price is $56.95 and its 200 day moving average price is $51.08. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $64.38.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $21.17 billion during the quarter, compared to analyst estimates of $21.56 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The company's revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.03 earnings per share. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders 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 dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 20th. Archer Daniels Midland's payout ratio is currently 89.87%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Morgan Stanley upped their target price on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. JPMorgan Chase & Co. began coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 target price on the stock. Bank of America downgraded shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $47.00 to $45.00 in a report on Thursday, May 8th. UBS Group reaffirmed a "buy" rating and issued a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Finally, Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Archer Daniels Midland presently has a consensus rating of "Hold" and a consensus 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.