Northern Trust Corp Buys 413,314 Shares of Archer Daniels Midland Company $ADM

Key Points

• Northern Trust Corp increased its stake in Archer Daniels Midland Company by 3.7%, owning 11,448,325 shares valued at approximately $549.6 million.
• Archer Daniels Midland reported earnings per share of $0.93, beating analysts' estimates, but experienced a 4.9% year-over-year decline in revenue.
• The company declared a quarterly dividend of $0.51 per share, representing an annualized yield of 3.4%.

Northern Trust Corp grew its position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 3.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,448,325 shares of the company's stock after buying an additional 413,314 shares during the quarter. Northern Trust Corp owned 2.38% of Archer Daniels Midland worth $549,634,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Foundations Investment Advisors LLC boosted its position in shares of Archer Daniels Midland by 5.4% in the first quarter. Foundations Investment Advisors LLC now owns 4,310 shares of the company's stock valued at $207,000 after acquiring an additional 220 shares during the period. Capital Advisors Ltd. LLC raised its stake in 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 in the last quarter. Sagespring Wealth Partners LLC raised its stake in 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 in the last quarter. Stolper Co raised its stake in 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 in the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its stake in shares of 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 buying an additional 326 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ADM shares. Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. Morgan Stanley raised their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. Wall Street Zen upgraded Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group reiterated a "buy" rating and set a $70.00 price objective (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Finally, JPMorgan Chase & Co. started coverage on Archer Daniels Midland in a report on Wednesday. They set a "neutral" rating and a $61.00 price objective on the stock. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Archer Daniels Midland presently has an average rating of "Hold" and a consensus price target of $55.50.

Archer Daniels Midland Stock Up 3.0%

Archer Daniels Midland stock traded up $1.8230 during midday trading on Friday, reaching $62.9430. The stock had a trading volume of 5,237,137 shares, compared to its average volume of 3,549,769. The firm's fifty day simple moving average is $55.67 and its 200-day simple moving average is $50.23. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $63.40. The stock has a market capitalization of $30.24 billion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 3.25 and a beta of 0.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.05. The business had revenue of $21.17 billion for 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%.Archer Daniels Midland's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.2%. Archer Daniels Midland's payout ratio is presently 89.87%.

Archer Daniels Midland 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.