GAMMA Investing LLC Buys 9,281 Shares of Archer Daniels Midland Company $ADM

Key Points

• GAMMA Investing LLC increased its ownership of Archer Daniels Midland Company by 82.7%, acquiring 9,281 shares in the second quarter, bringing its total holdings to 20,503 shares valued at approximately $1,082,000.
• Analysts have varying outlooks on the stock, with JPMorgan Chase and Barclays issuing "neutral" and "equal weight" ratings, while UBS Group upgraded its rating to "buy" with a target price increase to $70.00.
• Archer Daniels Midland recently declared a quarterly dividend of $0.51 per share, resulting in a 3.4% dividend yield, with a payout ratio currently at 89.87%.

GAMMA Investing LLC boosted its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 82.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,503 shares of the company's stock after acquiring an additional 9,281 shares during the quarter. GAMMA Investing LLC's holdings in Archer Daniels Midland were worth $1,082,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. S.A. Mason LLC acquired a new position in shares of Archer Daniels Midland during the first quarter worth about $25,000. Headlands Technologies LLC bought a new stake in Archer Daniels Midland in the 1st quarter valued at approximately $25,000. ORG Partners LLC grew its stake in shares of Archer Daniels Midland by 297.2% during the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $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 in the first quarter valued at approximately $37,000. Finally, Capital Advisors Ltd. LLC lifted its position in shares of 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. Institutional investors and hedge funds own 78.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. began 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 for the company. Morgan Stanley raised 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 reiterated a "buy" rating and set a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Barclays raised Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. Finally, Wall Street Zen upgraded Archer Daniels Midland from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. 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 company presently has a consensus rating of "Hold" and a consensus price target of $55.50.

Archer Daniels Midland Price Performance

Shares of NYSE ADM opened at $60.57 on Wednesday. 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 business's 50 day moving average price is $59.15 and its two-hundred day moving average price is $52.58. The company has a market cap of $29.10 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 3.19 and a beta of 0.69. 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 issued its earnings results on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.88 by $0.05. The company 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 revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. On average, analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

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

Archer Daniels Midland 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.

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