Archer Daniels Midland Company $ADM Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 10.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 508,956 shares of the company's stock after buying an additional 49,954 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.11% of Archer Daniels Midland worth $26,863,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB acquired a new stake in Archer Daniels Midland during the 1st quarter worth approximately $1,183,000. Bell Bank lifted its holdings in Archer Daniels Midland by 11.0% during the 1st quarter. Bell Bank now owns 167,536 shares of the company's stock worth $8,043,000 after buying an additional 16,558 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Archer Daniels Midland during the 1st quarter worth approximately $333,000. Sarasin & Partners LLP acquired a new stake in Archer Daniels Midland during the 1st quarter worth approximately $1,200,000. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Archer Daniels Midland by 18.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 167,515 shares of the company's stock worth $8,042,000 after buying an additional 26,328 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Archer Daniels Midland in a report on Saturday, September 27th. Barclays upgraded shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. JPMorgan Chase & Co. assumed coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price objective on the stock. Morgan Stanley raised 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 report on Tuesday, August 12th. Finally, UBS Group restated a "buy" rating and issued a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $55.50.

Archer Daniels Midland Trading Up 3.2%

Shares of Archer Daniels Midland stock opened at $60.97 on Friday. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 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 $29.29 billion, a P/E ratio of 26.86, a PEG ratio of 3.15 and a beta of 0.70. The company's fifty day moving average is $60.03 and its two-hundred day moving average is $53.23.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.05. The company had revenue of $21.17 billion for 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 for the quarter was down 4.9% on a year-over-year basis. During the same period last year, the firm posted $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. Analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

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

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