Archer Daniels Midland Company $ADM Shares Purchased by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Archer Daniels Midland Company by 68.3% during the first quarter, owning 156,410 shares valued at approximately $7.51 million.
• Archer Daniels Midland reported quarterly earnings of $0.93 per share, exceeding analysts' expectations, although its revenue decreased by 4.9% year-over-year.
• The company announced a quarterly dividend of $0.51 per share, translating to an annualized dividend yield of 3.3%.

Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 68.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,410 shares of the company's stock after purchasing an additional 63,500 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Archer Daniels Midland were worth $7,509,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Foundations Investment Advisors LLC raised its holdings in Archer Daniels Midland by 5.4% in the 1st 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 raised its holdings in Archer Daniels Midland by 43.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after acquiring an additional 237 shares during the last quarter. Sagespring Wealth Partners LLC raised its holdings in Archer Daniels Midland by 4.1% in the 1st quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock valued at $289,000 after acquiring an additional 239 shares during the last quarter. Stolper Co raised its holdings in Archer Daniels Midland by 0.8% in the 1st quarter. Stolper Co now owns 33,691 shares of the company's stock valued at $1,618,000 after acquiring an additional 275 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its holdings in Archer Daniels Midland by 6.6% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,296 shares of the company's stock valued at $254,000 after acquiring an additional 326 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Down 0.1%

Archer Daniels Midland stock traded down $0.03 during trading on Monday, reaching $62.63. 2,760,637 shares of the company's stock were exchanged, compared to its average volume of 3,787,396. The company's 50-day moving average is $56.57 and its two-hundred day moving average is $50.89. 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 Company has a 52-week low of $40.98 and a 52-week high of $64.38. The firm has a market cap of $30.09 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 3.34 and a beta of 0.68.

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, topping 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 during the quarter, compared to analysts' expectations of $21.56 billion. During the same period in the prior year, the company earned $1.03 EPS. 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, analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be issued a $0.51 dividend. The ex-dividend date is 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 currently 89.87%.

Analyst Upgrades and Downgrades

ADM has been the subject of several analyst reports. JPMorgan Chase & Co. began coverage on Archer Daniels Midland in a report on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price target for the company. 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. Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. UBS Group reissued a "buy" rating and set a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Finally, Morgan Stanley boosted 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. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus 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.