Caxton Associates LLP Invests $587,000 in Archer Daniels Midland Company $ADM

Key Points

• Caxton Associates LLP acquired a new stake in Archer Daniels Midland Company (NYSE: ADM) during the first quarter, purchasing 12,236 shares valued at approximately $587,000.
• Jefferies Financial Group and MIRAE ASSET GLOBAL have also increased their positions in ADM, with Jefferies lifting its holdings by 34.4% to 32,500 shares valued at around $1.64 million.
• Archer Daniels Midland reported earnings of $0.93 per share for the last quarter, exceeding estimates, though revenue declined 4.9% year-over-year to $21.17 billion.

Caxton Associates LLP bought a new position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,236 shares of the company's stock, valued at approximately $587,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake 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 worth $838,030,000 after purchasing an additional 13,579,379 shares during the period. Wellington Management Group LLP lifted its position 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 worth $1,197,568,000 after purchasing an additional 3,791,597 shares in the last quarter. Nuveen LLC purchased a new position in Archer Daniels Midland during the first quarter valued at approximately $81,306,000. Voloridge Investment Management LLC lifted its position in Archer Daniels Midland by 56.8% in the 4th quarter. Voloridge Investment Management LLC now owns 2,328,942 shares of the company's stock worth $117,658,000 after buying an additional 843,662 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Archer Daniels Midland by 8.5% during the first quarter. Invesco Ltd. now owns 7,753,585 shares of the company's stock worth $372,250,000 after acquiring an additional 607,767 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer Daniels Midland Stock Down 0.3%

ADM traded down $0.16 on Wednesday, reaching $62.19. The company's stock had a trading volume of 414,603 shares, compared to its average volume of 3,896,614. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $64.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. The stock has a market cap of $29.88 billion, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 3.23 and a beta of 0.69. The business's 50 day moving average is $58.52 and its 200 day moving average is $52.11.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.05. The business had revenue of $21.17 billion for the quarter, compared to analyst estimates of $21.56 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The company's revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, research analysts forecast 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 given a $0.51 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $2.04 annualized dividend and a yield of 3.3%. Archer Daniels Midland's payout ratio is 89.87%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. 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. UBS Group reiterated a "buy" rating and issued a $70.00 target price (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Morgan Stanley lifted their price target 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. Wall Street Zen upgraded shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Barclays raised Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. One 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 currently has an average rating of "Hold" and an average target price of $55.50.

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.