Kovitz Investment Group Partners LLC Purchases 159,358 Shares of Archer Daniels Midland Company $ADM

Key Points

• Kovitz Investment Group Partners LLC increased its holdings in Archer Daniels Midland Company (ADM) by 1,351.3% during the 1st quarter, totaling 171,151 shares valued at approximately $8.2 million.
• Several hedge funds have also significantly raised their stakes in ADM, with Charles Schwab Investment Management owning 17,455,324 shares after a 350.4% increase during the same period.
• Archer Daniels Midland reported a quarterly EPS of $0.93, exceeding estimates, but experienced a 4.9% decline in quarterly revenue year-over-year, totaling $21.17 billion.

Kovitz Investment Group Partners LLC grew its holdings in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 1,351.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 171,151 shares of the company's stock after purchasing an additional 159,358 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Archer Daniels Midland were worth $8,217,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in ADM. Envestnet Asset Management Inc. grew its position in shares of Archer Daniels Midland by 83.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 92,614 shares of the company's stock valued at $4,679,000 after purchasing an additional 42,087 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Archer Daniels Midland by 37.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 19,295 shares of the company's stock valued at $979,000 after acquiring an additional 5,303 shares during the last quarter. XTX Topco Ltd raised its stake in shares of Archer Daniels Midland by 215.1% in the fourth quarter. XTX Topco Ltd now owns 11,170 shares of the company's stock valued at $564,000 after acquiring an additional 7,625 shares during the last quarter. United Capital Financial Advisors LLC increased its holdings in shares of Archer Daniels Midland by 11.1% in the fourth quarter. United Capital Financial Advisors LLC now owns 16,968 shares of the company's stock valued at $857,000 after purchasing an additional 1,695 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Archer Daniels Midland by 1,344.5% in the fourth quarter. Marshall Wace LLP now owns 313,966 shares of the company's stock valued at $15,862,000 after purchasing an additional 292,231 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Performance

ADM traded up $1.0950 on Wednesday, reaching $60.5450. The company had a trading volume of 2,530,240 shares, compared to its average volume of 3,957,910. Archer Daniels Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $62.61. The stock has a market cap of $29.09 billion, a P/E ratio of 26.68, a P/E/G ratio of 3.17 and a beta of 0.68. The company's fifty day moving average is $54.98 and its 200 day moving average is $49.98. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.05. The business had revenue of $21.17 billion for the quarter, compared to analyst estimates of $21.56 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. Archer Daniels Midland's quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, 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 disclosed 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. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a yield of 3.4%. Archer Daniels Midland's payout ratio is currently 89.87%.

Analyst Ratings Changes

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 report on Wednesday, August 6th. Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group reaffirmed 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. Morgan Stanley lifted 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 report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. began coverage on shares of Archer Daniels Midland in a report on Wednesday. They set a "neutral" rating and a $61.00 target price for the company. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Archer Daniels Midland currently has a consensus rating of "Hold" and an average price target of $55.50.

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.