Meiji Yasuda Asset Management Co Ltd. Has $10.32 Million Stake in Archer Daniels Midland Company $ADM

Key Points

• Meiji Yasuda Asset Management Co Ltd. increased its holdings in Archer Daniels Midland Company (NYSE:ADM) by 41.7%, owning 214,888 shares valued at approximately $10.32 million.
• Analysts have raised their price targets for ADM, with Barclays setting a new target of $61 and UBS Group increasing theirs to $70, reflecting positive sentiment in the stock's potential.
• Archer Daniels Midland recently declared a quarterly dividend of $0.51 per share, representing an annualized yield of 3.2%, with a dividend payout ratio of 89.87%.

Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 41.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 214,888 shares of the company's stock after acquiring an additional 63,285 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.'s holdings in Archer Daniels Midland were worth $10,317,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of ADM. S.A. Mason LLC acquired a new position in shares of Archer Daniels Midland during the first quarter valued at $25,000. Headlands Technologies LLC acquired a new position in shares of Archer Daniels Midland during the first quarter valued at $25,000. ORG Partners LLC lifted its holdings in Archer Daniels Midland by 297.2% in the first quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $34,000 after purchasing an additional 523 shares during the period. NBC Securities Inc. acquired a new stake in Archer Daniels Midland in the first quarter worth about $37,000. Finally, Capital Advisors Ltd. LLC lifted its holdings in Archer Daniels Midland by 43.4% in the first 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 period. Institutional investors and hedge funds own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. 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 issued a $70.00 price objective (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Barclays raised 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. Morgan Stanley boosted their price target on shares of 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, JPMorgan Chase & Co. initiated coverage on shares of Archer Daniels Midland in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price target on the stock. One research 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $55.50.

Archer Daniels Midland Trading Down 1.3%

NYSE ADM traded down $0.82 on Wednesday, hitting $61.38. 3,605,657 shares of the company were exchanged, compared to its average volume of 3,385,635. The company's 50 day moving average price is $57.98 and its 200-day moving average price is $51.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. The firm has a market capitalization of $29.49 billion, a P/E ratio of 27.04, a price-to-earnings-growth ratio of 3.31 and a beta of 0.69. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $64.38.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 8.43% and a net margin of 1.33%.The business's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter 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. 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 business 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 dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, August 20th. Archer Daniels Midland's payout ratio is presently 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.