MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Takes Position in Archer Daniels Midland Company $ADM

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in Archer Daniels Midland Company, purchasing 740,695 shares valued at approximately $39 million.
• Analysts have mixed views on Archer Daniels Midland, with ratings ranging from "buy" to "sell," and a consensus target price currently set at $55.50.
• Archer Daniels Midland recently announced a quarterly dividend of $0.51 per share, resulting in an annualized yield of 3.3% as of the last payout date.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 740,695 shares of the company's stock, valued at approximately $39,094,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned 0.15% of Archer Daniels Midland at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Handelsbanken Fonder AB acquired a new position in shares of Archer Daniels Midland in the 1st quarter valued at about $1,183,000. Bell Bank increased its holdings in 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 during the last quarter. SG Americas Securities LLC acquired a new position in Archer Daniels Midland in the first quarter worth approximately $333,000. Sarasin & Partners LLP acquired a new position in Archer Daniels Midland in the first quarter worth approximately $1,200,000. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Archer Daniels Midland by 18.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 167,515 shares of the company's stock worth $8,042,000 after buying an additional 26,328 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on ADM. JPMorgan Chase & Co. began coverage on Archer Daniels Midland in a report on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price objective on the stock. 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 research report on Monday, August 11th. Wall Street Zen raised Archer Daniels Midland from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Morgan Stanley upped their target price 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. Finally, Barclays raised Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $55.50.

Archer Daniels Midland Stock Performance

Shares of NYSE ADM opened at $61.53 on Thursday. The business has a fifty day simple moving average of $59.30 and a 200 day simple moving average of $52.64. 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 firm has a market capitalization of $29.56 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 3.23 and a beta of 0.69. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $64.38.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its 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. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The business had revenue of $21.17 billion during the quarter, compared to analyst estimates of $21.56 billion. During the same period in the prior year, the company posted $1.03 earnings per share. Archer Daniels Midland's revenue was down 4.9% on a year-over-year basis. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. Sell-side analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.3%. The ex-dividend date was Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio is currently 89.87%.

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.

Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer Daniels Midland Company (NYSE:ADM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.