Archer Daniels Midland Company $ADM Shares Bought by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its stake in Archer Daniels Midland by 17.9%, owning 24,944,136 shares valued at approximately $1.2 billion.
• Several institutional investors, including Charles Schwab Investment Management, made significant increases to their positions in Archer Daniels Midland, contributing to a total institutional ownership of 78.28%.
• Archer Daniels Midland reported a quarterly EPS of $0.93, slightly beating estimates, but its revenue decreased 4.9% year-over-year, totaling $21.17 billion.

Wellington Management Group LLP lifted its stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 17.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,944,136 shares of the company's stock after purchasing an additional 3,791,597 shares during the quarter. Wellington Management Group LLP owned about 5.19% of Archer Daniels Midland worth $1,197,568,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its position in shares of Archer Daniels Midland by 350.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company's stock worth $838,030,000 after buying an additional 13,579,379 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Archer Daniels Midland in the 1st quarter worth about $81,306,000. Voloridge Investment Management LLC lifted its holdings in Archer Daniels Midland by 56.8% in the 4th quarter. Voloridge Investment Management LLC now owns 2,328,942 shares of the company's stock valued at $117,658,000 after purchasing an additional 843,662 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Archer Daniels Midland by 20.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 4,212,681 shares of the company's stock valued at $212,825,000 after purchasing an additional 727,675 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Archer Daniels Midland by 8.5% in the 1st quarter. Invesco Ltd. now owns 7,753,585 shares of the company's stock valued at $372,250,000 after purchasing an additional 607,767 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Archer Daniels Midland Stock Up 3.0%

Shares of ADM stock traded up $1.8230 during mid-day trading on Friday, reaching $62.9430. 5,236,109 shares of the company were exchanged, compared to its average volume of 3,979,552. Archer Daniels Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $63.40. 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 $30.24 billion, a P/E ratio of 27.73, a P/E/G ratio of 3.23 and a beta of 0.68. The business's 50 day simple moving average is $55.45 and its 200 day simple moving average is $50.13.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced 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 firm had revenue of $21.17 billion for the quarter, compared to analysts' expectations of $21.56 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The firm's revenue for the quarter was down 4.9% on a year-over-year basis. During the same period last year, the business posted $1.03 earnings per share. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. Research analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

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