Alliancebernstein L.P. Has $32.19 Million Position in Archer Daniels Midland Company $ADM

Key Points

• Alliancebernstein L.P. increased its stake in Archer Daniels Midland Company by 5.8%, owning approximately 670,412 shares valued at $32.19 million as of its latest SEC filing.
• Analysts have raised their price targets for Archer Daniels Midland, with UBS Group setting a new target of $70.00, while the consensus rating remains a "Hold" with an average price target of $55.50.
• The company announced a quarterly dividend of $0.51, reflecting an annual yield of 3.3% and a high payout ratio of 89.87%.

Alliancebernstein L.P. raised its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 5.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 670,412 shares of the company's stock after buying an additional 36,524 shares during the period. Alliancebernstein L.P. owned approximately 0.14% of Archer Daniels Midland worth $32,186,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Wellington Management Group LLP increased its holdings in shares of Archer Daniels Midland by 17.9% in the first quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company's stock valued at $1,197,568,000 after buying an additional 3,791,597 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Archer Daniels Midland by 350.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company's stock valued at $838,030,000 after purchasing an additional 13,579,379 shares during the period. Northern Trust Corp raised its stake in Archer Daniels Midland by 3.7% during the 1st quarter. Northern Trust Corp now owns 11,448,325 shares of the company's stock valued at $549,634,000 after purchasing an additional 413,314 shares during the period. Invesco Ltd. raised its stake in Archer Daniels Midland by 8.5% during 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 during the period. Finally, ProShare Advisors LLC raised its stake in Archer Daniels Midland by 18.0% during the 4th quarter. ProShare Advisors LLC now owns 3,410,560 shares of the company's stock valued at $172,301,000 after purchasing an additional 520,615 shares during the period. Institutional investors own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Archer Daniels Midland in a research note on Wednesday, August 20th. They set a "neutral" rating and a $61.00 target price on the stock. Wall Street Zen upgraded shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $50.00 to $61.00 in a research note on Wednesday, August 6th. UBS Group reaffirmed a "buy" rating and issued a $70.00 price target (up from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Finally, Morgan Stanley upped their price target on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $55.50.

Archer Daniels Midland Stock Performance

Archer Daniels Midland stock traded down $0.82 during trading hours on Wednesday, reaching $61.38. 3,605,657 shares of the company were exchanged, compared to its average volume of 3,385,635. The firm has a market cap of $29.49 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 3.31 and a beta of 0.69. 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 50-day moving average of $57.98 and a 200 day moving average of $51.69. 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 issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, beating 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 return on equity of 8.43% and a net margin of 1.33%.The firm's revenue was down 4.9% compared to the same quarter last year. 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. As a group, 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 announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend 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 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.