Archer Daniels Midland Company $ADM Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

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

A number of other large investors have also recently added to or reduced their stakes in the business. Foundations Investment Advisors LLC lifted its holdings in 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 last quarter. Capital Advisors Ltd. LLC lifted 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 purchasing an additional 237 shares in the last quarter. Sagespring Wealth Partners LLC lifted 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 purchasing an additional 239 shares in the last quarter. Stolper Co lifted 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 purchasing an additional 275 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its stake in Archer Daniels Midland by 6.6% during the first quarter. Fifth Third Wealth Advisors LLC now owns 5,296 shares of the company's stock worth $254,000 after purchasing an additional 326 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Down 1.3%

Shares of NYSE ADM opened at $61.38 on Thursday. The stock has a market cap of $29.49 billion, a P/E ratio of 27.04, a PEG ratio of 3.31 and a beta of 0.69. The business's fifty day simple moving average is $57.98 and its 200-day simple moving average is $51.69. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. 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, beating analysts' consensus estimates of $0.88 by $0.05. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The company had revenue of $21.17 billion for the quarter, compared to analysts' expectations of $21.56 billion. During the same period last year, the firm earned $1.03 earnings per share. Archer Daniels Midland's quarterly revenue was down 4.9% on a year-over-year basis. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, equities analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have commented on ADM. UBS Group restated a "buy" rating and set a $70.00 price target (up from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. JPMorgan Chase & Co. began coverage on Archer Daniels Midland in a research note on Wednesday, August 20th. They set a "neutral" rating and a $61.00 price target on the stock. Morgan Stanley upped their price target on 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. Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. 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 equities 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 stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average 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.

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