Czech National Bank Acquires 7,528 Shares of Archer Daniels Midland Company $ADM

Key Points

• Czech National Bank increased its holdings in Archer Daniels Midland Company (ADM) by 6.8% during the second quarter, acquiring an additional 7,528 shares and bringing its total holdings to 117,439 shares worth approximately $6.2 million.
• Analysts have been active with Archer Daniels Midland, with target price adjustments that include Morgan Stanley raising it from $47.00 to $57.00 and UBS increasing it to $70.00, reflecting a bullish sentiment on the stock.
• Archer Daniels Midland recently declared a quarterly dividend of $0.51 per share, resulting in a 3.3% dividend yield based on the current stock price, with a payout ratio of 89.87%.

Czech National Bank raised its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 6.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,439 shares of the company's stock after acquiring an additional 7,528 shares during the quarter. Czech National Bank's holdings in Archer Daniels Midland were worth $6,198,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. S.A. Mason LLC acquired a new stake in shares of Archer Daniels Midland in the 1st quarter valued at approximately $25,000. Headlands Technologies LLC acquired a new stake in shares of Archer Daniels Midland in the 1st quarter valued at approximately $25,000. ORG Partners LLC boosted its holdings in shares of Archer Daniels Midland by 297.2% in the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock valued at $34,000 after buying an additional 523 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of Archer Daniels Midland in the 1st quarter valued at approximately $37,000. Finally, Capital Advisors Ltd. LLC boosted its holdings in shares of 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 buying an additional 237 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

ADM has been the subject of several recent analyst reports. Morgan Stanley increased their price objective on Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. UBS Group reaffirmed a "buy" rating and set a $70.00 price target (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 report on Wednesday, August 20th. They set a "neutral" rating and a $61.00 price target for the company. Wall Street Zen raised 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 raised their price target for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. 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 presently has an average rating of "Hold" and an average price target of $55.50.

Archer Daniels Midland Stock Up 1.3%

NYSE ADM traded up $0.78 during mid-day trading on Friday, hitting $61.61. The company's stock had a trading volume of 11,658,514 shares, compared to its average volume of 3,182,695. The firm has a market capitalization 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's 50 day simple moving average is $58.91 and its 200 day simple moving average is $52.42. 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 twelve month low of $40.98 and a twelve month high of $64.38.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.05. The business had revenue of $21.17 billion during the quarter, compared to analyst estimates of $21.56 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.Archer Daniels Midland's quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. Analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were given 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 is presently 89.87%.

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.