1832 Asset Management L.P. Purchases 7,232 Shares of Archer Daniels Midland Company $ADM

Key Points

• 1832 Asset Management L.P. increased its shares in Archer Daniels Midland Company by 18.1%, acquiring a total of 47,252 shares worth approximately $2.27 million.
• Archer Daniels Midland reported $0.93 earnings per share for the last quarter, exceeding expectations slightly, although revenue declined by 4.9% year-over-year.
• The company recently declared a quarterly dividend of $0.51 per share, yielding 3.2% annually, with a very high dividend payout ratio of 89.87%.

1832 Asset Management L.P. increased its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 18.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,252 shares of the company's stock after acquiring an additional 7,232 shares during the period. 1832 Asset Management L.P.'s holdings in Archer Daniels Midland were worth $2,269,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Norinchukin Bank The boosted its position in shares of Archer Daniels Midland by 13.8% during the 1st quarter. Norinchukin Bank The now owns 22,843 shares of the company's stock valued at $1,097,000 after acquiring an additional 2,775 shares in the last quarter. Summit Financial LLC lifted its holdings in Archer Daniels Midland by 11.0% during the 1st quarter. Summit Financial LLC now owns 16,682 shares of the company's stock valued at $801,000 after purchasing an additional 1,647 shares during the last quarter. Candriam S.C.A. lifted its holdings in Archer Daniels Midland by 27.4% during the 1st quarter. Candriam S.C.A. now owns 58,888 shares of the company's stock valued at $2,827,000 after purchasing an additional 12,678 shares during the last quarter. Humankind Investments LLC lifted its holdings in Archer Daniels Midland by 13.2% during the 1st quarter. Humankind Investments LLC now owns 52,062 shares of the company's stock valued at $2,499,000 after purchasing an additional 6,071 shares during the last quarter. Finally, Venture Visionary Partners LLC lifted its holdings in Archer Daniels Midland by 66.2% during the 1st quarter. Venture Visionary Partners LLC now owns 12,581 shares of the company's stock valued at $604,000 after purchasing an additional 5,013 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Trading Down 0.2%

Shares of ADM traded down $0.12 on Wednesday, reaching $62.71. 2,896,077 shares of the company's stock were exchanged, compared to its average volume of 3,825,333. 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 stock has a market capitalization of $30.13 billion, a P/E ratio of 27.62, a price-to-earnings-growth ratio of 3.35 and a beta of 0.68. The business has a 50 day moving average price of $56.22 and a two-hundred day moving average price of $50.59. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $64.38.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.05. The business had revenue of $21.17 billion during 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 earnings per share. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. Research analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be paid a dividend of $0.51 per share. 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%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ADM shares. JPMorgan Chase & Co. started coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They set a "neutral" rating and a $61.00 price target for the company. Morgan Stanley lifted their price target 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. Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Bank of America downgraded shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and dropped their target price for the stock from $47.00 to $45.00 in a research note on Thursday, May 8th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $55.50.

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.