MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stock Holdings in Archer Daniels Midland Company $ADM

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Archer Daniels Midland Company (NYSE: ADM) by 22% during Q1, acquiring an additional 20,857 shares for a total of 115,714 shares valued at approximately $5.56 million.
• The stock recently opened at $61.38, with a market capitalization of $29.49 billion and a reported earnings per share (EPS) of $0.93 for the last quarter, surpassing analysts' expectations.
• Archer Daniels Midland declared a quarterly dividend of $0.51, representing an annualized yield of 3.3% and a dividend payout ratio of nearly 90%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 22.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 115,714 shares of the company's stock after acquiring an additional 20,857 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Archer Daniels Midland were worth $5,555,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. S.A. Mason LLC bought a new position in shares of Archer Daniels Midland during the first quarter worth approximately $25,000. Headlands Technologies LLC acquired a new stake in Archer Daniels Midland during the first quarter worth about $25,000. ORG Partners LLC increased its stake in Archer Daniels Midland by 297.2% in the first quarter. ORG Partners LLC now owns 699 shares of the company's stock valued at $34,000 after acquiring an additional 523 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Archer Daniels Midland in the 1st quarter valued at $37,000. Finally, 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. 78.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Archer Daniels Midland Stock Performance

NYSE ADM traded up $1.85 during trading on Tuesday, hitting $62.38. 4,665,428 shares of the company's stock traded hands, compared to its average volume of 3,260,894. The business has a 50 day moving average of $58.52 and a 200-day moving average of $52.11. The stock has a market capitalization of $29.97 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 3.23 and a beta of 0.69. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month 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.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share for the quarter, beating 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 company's revenue was down 4.9% on a year-over-year basis. During the same period in the prior 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, equities research analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio (DPR) is currently 89.87%.

Archer Daniels Midland Company 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.