Lansforsakringar Fondforvaltning AB publ Invests $277,000 in Archer Daniels Midland Company $ADM

Key Points

• Lansforsakringar Fondforvaltning AB has initiated a position in Archer Daniels Midland Company (NYSE:ADM) by purchasing 5,779 shares, valued at approximately $277,000.
• Major hedge funds have increased their holdings in Archer Daniels Midland, with Wellington Management Group and Charles Schwab Investment Management leading the way with significant percentage increases in their shares.
• Archer Daniels Midland recently disclosed a quarterly dividend of $0.51 per share, translating to an annualized yield of 3.3%, with a payout ratio of 89.87%.

Lansforsakringar Fondforvaltning AB publ acquired a new stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,779 shares of the company's stock, valued at approximately $277,000.

Several other hedge funds have also added to or reduced their stakes in the business. Foundations Investment Advisors LLC raised its stake in shares of Archer Daniels Midland by 5.4% during the first quarter. Foundations Investment Advisors LLC now owns 4,310 shares of the company's stock valued at $207,000 after acquiring an additional 220 shares during the last quarter. Capital Advisors Ltd. LLC raised 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 during the last quarter. Sagespring Wealth Partners LLC lifted its holdings in Archer Daniels Midland by 4.1% during the 1st quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock worth $289,000 after buying an additional 239 shares during the period. Stolper Co grew its position in shares of Archer Daniels Midland by 0.8% in the 1st quarter. Stolper Co now owns 33,691 shares of the company's stock valued at $1,618,000 after buying an additional 275 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its position in shares of Archer Daniels Midland by 6.6% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,296 shares of the company's stock valued at $254,000 after buying an additional 326 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Up 1.6%

NYSE:ADM traded up $0.97 on Friday, hitting $62.91. The stock had a trading volume of 2,655,895 shares, compared to its average volume of 3,408,997. The company has a market cap of $30.23 billion, a PE ratio of 27.71, a P/E/G ratio of 3.30 and a beta of 0.69. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $64.38. The business's fifty day moving average is $57.52 and its 200 day moving average is $51.38. 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 issued its earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.05. The company had revenue of $21.17 billion for the quarter, compared to analysts' expectations of $21.56 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.Archer Daniels Midland's quarterly revenue was down 4.9% compared to the same quarter last year. During the same period last year, the business earned $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. On average, equities research analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently commented on ADM shares. Barclays raised Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $50.00 to $61.00 in a research note on Wednesday, August 6th. UBS Group reaffirmed a "buy" rating and issued a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. began coverage on shares of Archer Daniels Midland in a research report on Wednesday, August 20th. They set a "neutral" rating and a $61.00 price target on the stock. Finally, Morgan Stanley lifted their price objective on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average 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.