MCF Advisors LLC Acquires 11,636 Shares of Archer Daniels Midland Company $ADM

Key Points

• MCF Advisors LLC increased its stake in Archer Daniels Midland Company (NYSE:ADM) by 261.1%, acquiring an additional 11,636 shares in the second quarter, bringing its total holdings to 16,093 shares valued at approximately $849,000.
• Archer Daniels Midland reported earnings of $0.93 EPS for the last quarter, exceeding estimates, but revenue declined by 4.9% year-over-year, amounting to $21.17 billion.
• The company recently declared a quarterly dividend of $0.51 per share, translating to an annualized yield of 3.4%, with a dividend payout ratio of 89.87%.

MCF Advisors LLC boosted its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 261.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,093 shares of the company's stock after buying an additional 11,636 shares during the period. MCF Advisors LLC's holdings in Archer Daniels Midland were worth $849,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP lifted its holdings in Archer Daniels Midland by 17.9% in the first quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company's stock worth $1,197,568,000 after buying an additional 3,791,597 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Archer Daniels Midland by 350.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company's stock valued at $838,030,000 after purchasing an additional 13,579,379 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Archer Daniels Midland by 3.7% during the first quarter. Northern Trust Corp now owns 11,448,325 shares of the company's stock valued at $549,634,000 after purchasing an additional 413,314 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Archer Daniels Midland by 8.5% during the first quarter. Invesco Ltd. now owns 7,753,585 shares of the company's stock valued at $372,250,000 after purchasing an additional 607,767 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Archer Daniels Midland by 6.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,015,752 shares of the company's stock valued at $144,783,000 after purchasing an additional 184,852 shares during the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer Daniels Midland Stock Down 2.9%

Shares of NYSE ADM opened at $59.83 on Tuesday. The firm's 50-day moving average price is $59.02 and its 200-day moving average price is $52.52. 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 stock has a market capitalization of $28.75 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 3.28 and a beta of 0.68. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $64.38.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.05. The firm had revenue of $21.17 billion during the quarter, compared to analysts' expectations of $21.56 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. 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 earned $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. On average, equities research analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

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

Analysts Set New Price Targets

ADM has been the subject of several recent research reports. Morgan Stanley lifted their target price 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. UBS Group reaffirmed a "buy" rating and issued a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $50.00 to $61.00 in a research report on Wednesday, August 6th. Finally, 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. One 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. Based on data from MarketBeat, Archer Daniels Midland presently 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.

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