Bell Bank Has $9.10 Million Stock Holdings in Archer Daniels Midland Company $ADM

Key Points

• Bell Bank increased its stake in Archer Daniels Midland Company (NYSE:ADM) by 3.0%, acquiring an additional 4,951 shares during the second quarter, bringing its total holdings to 172,487 shares valued at approximately $9.1 million.
• Archer Daniels Midland recently reported earnings of $0.93 per share for the quarter, exceeding analysts' expectations, despite a 4.9% year-over-year revenue decline.
• The company announced a quarterly dividend of $0.51 per share, resulting in an annual dividend yield of 3.3% with a payout ratio of 89.87%.

Bell Bank lifted its position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 3.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 172,487 shares of the company's stock after buying an additional 4,951 shares during the period. Bell Bank's holdings in Archer Daniels Midland were worth $9,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its holdings in Archer Daniels Midland by 17.9% in the 1st quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company's stock valued at $1,197,568,000 after purchasing an additional 3,791,597 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in 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 valued at $838,030,000 after purchasing an additional 13,579,379 shares during the last quarter. Northern Trust Corp increased its holdings in Archer Daniels Midland by 3.7% in 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 last quarter. Invesco Ltd. increased 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 during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Archer Daniels Midland by 6.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,015,752 shares of the company's stock valued at $144,783,000 after purchasing an additional 184,852 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Archer Daniels Midland Stock Up 1.3%

ADM traded up $0.78 on Friday, reaching $61.61. 11,658,514 shares of the company traded hands, compared to its average volume of 3,182,695. The stock's 50 day moving average price is $58.91 and its 200-day moving average price is $52.42. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $64.38. The company has a market cap of $29.60 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 3.28 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.05. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The firm had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $21.56 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The firm's 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. On average, sell-side analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have commented on ADM. Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. JPMorgan Chase & Co. started coverage on shares of Archer Daniels Midland in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price target for the company. 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. Morgan Stanley upped 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 note on Tuesday, August 12th. Finally, UBS Group reissued a "buy" rating and issued a $70.00 price objective (up previously from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $55.50.

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.