Mn Services Vermogensbeheer B.V. Takes $9.47 Million Position in Archer Daniels Midland Company $ADM

Key Points

• Mn Services Vermogensbeheer B.V. has acquired a new position in Archer Daniels Midland Company (NYSE: ADM), purchasing 179,500 shares valued at approximately $9.47 million during the second quarter.
• Institutional investors now own 78.28% of Archer Daniels Midland's stock, indicating significant interest in the company from large investors.
• Archer Daniels Midland reported a quarterly earnings per share of $0.93, exceeding analysts' expectations of $0.88, although revenue was down 4.9% year-over-year.

Mn Services Vermogensbeheer B.V. purchased a new stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 179,500 shares of the company's stock, valued at approximately $9,474,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. S.A. Mason LLC acquired a new position in shares of Archer Daniels Midland during the first quarter worth $25,000. Headlands Technologies LLC acquired a new position in Archer Daniels Midland in the 1st quarter worth about $25,000. ORG Partners LLC boosted its stake in shares of Archer Daniels Midland by 297.2% during the first quarter. ORG Partners LLC now owns 699 shares of the company's stock valued at $34,000 after purchasing an additional 523 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Archer Daniels Midland in the first quarter valued at approximately $37,000. Finally, Capital Advisors Ltd. LLC raised its holdings in Archer Daniels Midland by 43.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after buying an additional 237 shares during the last quarter. Institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Price Performance

Shares of ADM stock traded up $0.78 on Friday, reaching $61.61. The company's stock had a trading volume of 11,658,514 shares, compared to its average volume of 3,182,695. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $64.38. The stock's 50 day simple moving average is $58.91 and its 200-day simple moving average is $52.42. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $29.60 billion, a P/E ratio of 27.14, a PEG ratio of 3.28 and a beta of 0.69.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.05. The firm had revenue of $21.17 billion during 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 company's revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter last year, the company posted $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, equities 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio is presently 89.87%.

Analysts Set New Price Targets

Several equities analysts have issued reports on ADM shares. JPMorgan Chase & Co. assumed 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 for the company. Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $50.00 to $61.00 in a report 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. Morgan Stanley upped their price target on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen upgraded Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. One 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. Based on data from MarketBeat.com, Archer Daniels Midland presently has an average 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.