HighTower Advisors LLC Raises Stock Position in Archer Daniels Midland Company $ADM

Key Points

• HighTower Advisors LLC increased its holdings in Archer Daniels Midland Company by 12.0%, owning 92,069 shares worth $4.42 million at the end of the first quarter.
• Archer Daniels Midland reported quarterly earnings of $0.93 per share, beating expectations but with a 4.9% year-over-year revenue decline.
• The company declared a quarterly dividend of $0.51 to be paid on September 10th, representing an annualized yield of 3.4%.

HighTower Advisors LLC grew its stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 12.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 92,069 shares of the company's stock after purchasing an additional 9,866 shares during the quarter. HighTower Advisors LLC's holdings in Archer Daniels Midland were worth $4,420,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its stake in Archer Daniels Midland by 83.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 92,614 shares of the company's stock worth $4,679,000 after acquiring an additional 42,087 shares during the period. First Trust Advisors LP lifted its stake in Archer Daniels Midland by 15.7% in the fourth quarter. First Trust Advisors LP now owns 726,108 shares of the company's stock worth $36,683,000 after acquiring an additional 98,531 shares during the period. Dimensional Fund Advisors LP lifted its stake in Archer Daniels Midland by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,830,900 shares of the company's stock worth $143,012,000 after acquiring an additional 127,155 shares during the period. Ossiam lifted its stake in Archer Daniels Midland by 197.4% in the fourth quarter. Ossiam now owns 5,573 shares of the company's stock worth $282,000 after acquiring an additional 3,699 shares during the period. Finally, MetLife Investment Management LLC lifted its stake in Archer Daniels Midland by 1.8% in the fourth quarter. MetLife Investment Management LLC now owns 126,529 shares of the company's stock worth $6,392,000 after acquiring an additional 2,227 shares during the period. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Stock Up 3.0%

Archer Daniels Midland stock traded up $1.8230 during trading hours on Friday, hitting $62.9430. The stock had a trading volume of 5,237,137 shares, compared to its average volume of 3,549,769. The stock's 50-day moving average price is $55.67 and its 200-day moving average price is $50.23. The stock has a market capitalization of $30.24 billion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 3.35 and a beta of 0.68. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $63.40. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34.

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 for the quarter, beating the consensus estimate of $0.88 by $0.05. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The company had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $21.56 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The firm's quarterly 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. Equities research analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $2.04 annualized dividend and a dividend yield of 3.2%. Archer Daniels Midland's dividend payout ratio (DPR) is 89.87%.

Wall Street Analysts Forecast Growth

ADM has been the subject of several recent research reports. 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 research report on Tuesday, August 12th. Barclays raised Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. Bank of America lowered Archer Daniels Midland from a "neutral" rating to an "underperform" rating and lowered their price objective for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. UBS Group reissued a "buy" rating and set a $70.00 price objective (up previously from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. initiated coverage on Archer Daniels Midland in a research report on Wednesday. They set a "neutral" rating and a $61.00 price objective for the company. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Archer Daniels Midland currently has an average rating of "Hold" and a consensus target price 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.