Korea Investment CORP Grows Holdings in Archer Daniels Midland Company $ADM

Key Points

• Korea Investment CORP increased its stake in Archer Daniels Midland Company by 24.5%, now owning approximately 342,876 shares valued at $16.46 million.
• Archer Daniels Midland reported earnings of $0.93 per share for the last quarter, surpassing analysts' expectations, despite a 4.9% revenue decline year-over-year.
• The company recently announced a quarterly dividend of $0.51 per share, indicating a dividend yield of 3.4% and a payout ratio of 89.87%.

Korea Investment CORP boosted its position in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 24.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 342,876 shares of the company's stock after purchasing an additional 67,400 shares during the period. Korea Investment CORP owned about 0.07% of Archer Daniels Midland worth $16,461,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Handelsbanken Fonder AB bought a new stake in Archer Daniels Midland in the first quarter worth about $1,183,000. Bell Bank lifted its holdings in shares of Archer Daniels Midland by 11.0% in the first quarter. Bell Bank now owns 167,536 shares of the company's stock worth $8,043,000 after buying an additional 16,558 shares in the last quarter. SG Americas Securities LLC purchased a new position in Archer Daniels Midland during the first quarter valued at approximately $333,000. Sarasin & Partners LLP purchased a new stake in Archer Daniels Midland in the 1st quarter worth approximately $1,200,000. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Archer Daniels Midland by 18.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 167,515 shares of the company's stock valued at $8,042,000 after purchasing an additional 26,328 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Price Performance

ADM opened at $60.6890 on Thursday. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a market cap of $29.16 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 3.19 and a beta of 0.68. The stock has a fifty day simple moving average of $55.22 and a two-hundred day simple moving average of $50.05. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $62.61.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share for the quarter, topping 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 company's 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 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 announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.4%. Archer Daniels Midland's dividend payout ratio (DPR) is currently 89.87%.

Analyst Ratings Changes

Several equities research analysts have issued reports on ADM shares. 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. JPMorgan Chase & Co. started coverage on Archer Daniels Midland in a research report on Wednesday. They set a "neutral" rating and a $61.00 price target on the stock. Bank of America cut Archer Daniels Midland from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Morgan Stanley lifted their price target on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. Finally, 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. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus 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.

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