Eagle Capital Management LLC Purchases New Stake in Archer Daniels Midland Company $ADM

Key Points

• Eagle Capital Management LLC has acquired a new stake in Archer Daniels Midland Company (ADM), purchasing 7,317 shares valued at approximately $386,000.
• Institutional ownership in Archer Daniels Midland is high, with 78.28% of the stock currently held by institutional investors following various stakeholders increasing or establishing their positions.
• The company reported $0.93 earnings per share for its latest quarter, surpassing analyst estimates; however, revenue decreased by 4.9% year-over-year.

Eagle Capital Management LLC purchased a new stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,317 shares of the company's stock, valued at approximately $386,000.

Several other institutional investors have also added to or reduced their stakes in the stock. PFG Investments LLC raised its holdings in Archer Daniels Midland by 21.4% in the 2nd quarter. PFG Investments LLC now owns 7,896 shares of the company's stock worth $417,000 after purchasing an additional 1,392 shares in the last quarter. PGGM Investments raised its holdings in Archer Daniels Midland by 94.8% in the 2nd quarter. PGGM Investments now owns 830,238 shares of the company's stock worth $43,820,000 after purchasing an additional 404,100 shares in the last quarter. Greenleaf Trust raised its holdings in Archer Daniels Midland by 11.2% in the 2nd quarter. Greenleaf Trust now owns 11,467 shares of the company's stock worth $605,000 after purchasing an additional 1,154 shares in the last quarter. XML Financial LLC bought a new position in Archer Daniels Midland in the 2nd quarter worth $251,000. Finally, G&S Capital LLC raised its holdings in Archer Daniels Midland by 5.6% in the 2nd quarter. G&S Capital LLC now owns 13,071 shares of the company's stock worth $690,000 after purchasing an additional 694 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Stock Performance

Shares of NYSE ADM opened at $59.72 on Wednesday. The firm's 50-day moving average price is $59.79 and its 200-day moving average price is $53.02. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34. The company has a market cap of $28.69 billion, a PE ratio of 26.31, a PEG ratio of 3.21 and a beta of 0.69. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $64.38.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.05. The firm had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $21.56 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The business's quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio (DPR) is presently 89.87%.

Analyst Upgrades and Downgrades

Several research analysts have commented on ADM shares. Barclays upgraded shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. UBS Group restated a "buy" rating and issued a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. JPMorgan Chase & Co. assumed coverage on shares of Archer Daniels Midland in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 target price on the stock. 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. Finally, Morgan Stanley boosted their price objective on shares of 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. One 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's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.