Financial Advisors Network Inc. Makes New Investment in Archer Daniels Midland Company $ADM

Key Points

• Financial Advisors Network Inc. has acquired a new position in Archer Daniels Midland Company, purchasing 5,218 shares valued at approximately $251,000 during the first quarter.
• Several institutional investors have increased their stakes in ADM, with Wellington Management Group growing its position by 17.9% and Charles Schwab Investment Management increasing its stake by 350.4% in the same period.
• Archer Daniels Midland recently declared a quarterly dividend of $0.51 per share, representing an annualized yield of 3.4%, with a high dividend payout ratio of 89.87%.

Financial Advisors Network Inc. purchased a new stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,218 shares of the company's stock, valued at approximately $251,000.

A number of other hedge funds have also modified their holdings of ADM. S.A. Mason LLC purchased a new stake in Archer Daniels Midland in the 1st quarter valued at approximately $25,000. Headlands Technologies LLC acquired a new position in shares of Archer Daniels Midland in the first quarter worth $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 valued at $34,000 after acquiring an additional 523 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Archer Daniels Midland during the first quarter valued at $37,000. Finally, Capital Advisors Ltd. LLC increased its position in Archer Daniels Midland by 43.4% during the 1st 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 hedge funds and other institutional investors.

Archer Daniels Midland Trading Up 3.0%

NYSE ADM traded up $1.8230 during mid-day trading on Friday, hitting $62.9430. The company's stock had a trading volume of 5,237,137 shares, compared to its average volume of 3,549,769. The stock's fifty day simple moving average is $55.67 and its two-hundred day simple moving average is $50.23. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $63.40. The firm has a market capitalization of $30.24 billion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 3.25 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, beating the consensus estimate of $0.88 by $0.05. The firm had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $21.56 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The firm's quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. Research analysts expect 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 will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio is currently 89.87%.

Analyst Ratings Changes

ADM has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. JPMorgan Chase & Co. initiated coverage on shares of Archer Daniels Midland in a research report on Wednesday. They set a "neutral" rating and a $61.00 target price on the stock. UBS Group reiterated a "buy" rating and issued a $70.00 price target (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Finally, Bank of America cut Archer Daniels Midland from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus 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.