OMERS ADMINISTRATION Corp Has $2.48 Million Stock Position in Archer Daniels Midland Company $ADM

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Archer Daniels Midland Company by 20.3%, owning 51,571 shares valued at approximately $2.48 million at the end of the first quarter.
• The company reported $0.93 EPS in its recent quarterly earnings, exceeding analysts' expectations of $0.88, although its revenue of $21.17 billion fell short of the forecast of $21.56 billion.
• Archer Daniels Midland recently declared a quarterly dividend of $0.51 per share, resulting in an annualized yield of 3.3%, with a payout ratio of 89.87%.

OMERS ADMINISTRATION Corp raised its position in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 20.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,571 shares of the company's stock after buying an additional 8,701 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Archer Daniels Midland were worth $2,476,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP increased its position in Archer Daniels Midland by 17.9% during the first quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company's stock worth $1,197,568,000 after acquiring an additional 3,791,597 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Archer Daniels Midland by 350.4% in 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 buying an additional 13,579,379 shares during the period. Northern Trust Corp grew its position in Archer Daniels Midland by 3.7% during the first quarter. Northern Trust Corp now owns 11,448,325 shares of the company's stock worth $549,634,000 after buying an additional 413,314 shares in the last quarter. Invesco Ltd. increased its stake in Archer Daniels Midland by 8.5% during the 1st quarter. Invesco Ltd. now owns 7,753,585 shares of the company's stock worth $372,250,000 after acquiring an additional 607,767 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Archer Daniels Midland by 20.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 4,212,681 shares of the company's stock worth $212,825,000 after purchasing an additional 727,675 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ADM. Bank of America downgraded Archer Daniels Midland from a "neutral" rating to an "underperform" rating and dropped their price target for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. JPMorgan Chase & Co. assumed coverage on shares of Archer Daniels Midland in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price objective on the stock. Morgan Stanley raised their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. Finally, UBS Group reissued a "buy" rating and set a $70.00 price target (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Archer Daniels Midland has an average rating of "Hold" and a consensus price target of $55.50.

Archer Daniels Midland Price Performance

Shares of NYSE ADM traded down $0.47 during mid-day trading on Wednesday, hitting $61.58. 1,703,162 shares of the stock traded hands, compared to its average volume of 3,949,578. The company has a market cap of $29.59 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 3.34 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. 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 50 day simple moving average of $56.95 and a two-hundred day simple moving average of $51.08.

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. 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 analysts' expectations of $21.56 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The business's revenue for the quarter was down 4.9% compared to the same quarter last year. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, equities research analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Wednesday, August 20th. Archer Daniels Midland's payout ratio is 89.87%.

Archer Daniels Midland 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.