Federation des caisses Desjardins du Quebec Boosts Stock Position in Archer Daniels Midland Company $ADM

Key Points

• The Federation des caisses Desjardins du Quebec increased its stake in Archer Daniels Midland Company by 205.1% in Q1, bringing its total holdings to 127,765 shares valued at approximately $6.13 million.
• Archer Daniels Midland reported an EPS of $0.93 for the last quarter, exceeding analysts' expectations of $0.88, while its revenue of $21.17 billion fell short of the estimated $21.56 billion.
• The company's current dividend yield stands at 3.3%, with a quarterly dividend of $0.51 announced to be paid on September 10th.

Federation des caisses Desjardins du Quebec increased its position in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 205.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 127,765 shares of the company's stock after purchasing an additional 85,884 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Archer Daniels Midland were worth $6,135,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. S.A. Mason LLC purchased a new position in Archer Daniels Midland in the first quarter worth $25,000. Headlands Technologies LLC purchased a new position in shares of Archer Daniels Midland in the first quarter valued at about $25,000. ORG Partners LLC lifted its position in shares of Archer Daniels Midland by 297.2% in the first quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $34,000 after buying an additional 523 shares in the last quarter. NBC Securities Inc. bought a new position in shares of Archer Daniels Midland during the first quarter valued at approximately $37,000. Finally, Capital Advisors Ltd. LLC grew its stake in Archer Daniels Midland by 43.4% in the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock worth $38,000 after purchasing an additional 237 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in 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 note on Wednesday, August 6th. JPMorgan Chase & Co. assumed coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They set a "neutral" rating and a $61.00 price target for the company. UBS Group reiterated a "buy" rating and set a $70.00 price target (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Morgan Stanley boosted their target price on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Archer Daniels Midland currently has an average rating of "Hold" and an average target price of $55.50.

Archer Daniels Midland Price Performance

Shares of NYSE ADM traded down $0.72 during mid-day trading on Monday, reaching $62.22. The company had a trading volume of 4,160,332 shares, compared to its average volume of 3,938,684. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $64.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. The business's 50-day simple moving average is $57.52 and its 200 day simple moving average is $51.46. The firm has a market cap of $29.90 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 3.35 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 (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.05. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The business had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $21.56 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. Archer Daniels Midland's revenue was down 4.9% compared to the same quarter last year. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. On average, research analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio is presently 89.87%.

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.