4,867 Shares in Archer Daniels Midland Company $ADM Acquired by Petrus Trust Company LTA

Key Points

• Petrus Trust Company LTA has made a new investment in Archer Daniels Midland Company (NYSE:ADM), acquiring 4,867 shares valued at approximately $234,000 in the first quarter.
• Archer Daniels Midland reported a quarterly earnings per share (EPS) of $0.93, beating the consensus estimate of $0.88, but its revenue of $21.17 billion fell short of analyst expectations.
• The company announced a quarterly dividend of $0.51 per share, with a yield of 3.3%, scheduled to be paid on September 10th to shareholders of record on August 20th.

Petrus Trust Company LTA acquired a new stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,867 shares of the company's stock, valued at approximately $234,000.

Several other large investors have also bought and sold shares of ADM. Charles Schwab Investment Management Inc. lifted its stake in Archer Daniels Midland by 350.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company's stock valued at $838,030,000 after acquiring an additional 13,579,379 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Archer Daniels Midland by 17.9% during the 1st quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company's stock worth $1,197,568,000 after purchasing an additional 3,791,597 shares during the period. Nuveen LLC bought a new stake in shares of Archer Daniels Midland during the 1st quarter worth $81,306,000. Voloridge Investment Management LLC raised its stake in shares of Archer Daniels Midland by 56.8% during the 4th quarter. Voloridge Investment Management LLC now owns 2,328,942 shares of the company's stock worth $117,658,000 after purchasing an additional 843,662 shares during the period. Finally, Invesco Ltd. raised its stake in shares of 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 purchasing an additional 607,767 shares during the period. 78.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ADM shares. JPMorgan Chase & Co. started coverage on Archer Daniels Midland in a research note on Wednesday, August 20th. They set a "neutral" rating and a $61.00 target price on the stock. Morgan Stanley lifted their price objective on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. UBS Group reissued 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 Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. Finally, Wall Street Zen raised Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. One equities 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, the stock has an average rating of "Hold" and a consensus price target of $55.50.

Archer Daniels Midland Price Performance

ADM stock traded up $0.24 during mid-day trading on Friday, reaching $61.66. 2,289,866 shares of the company traded hands, compared to its average volume of 3,321,634. 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 company has a market capitalization of $29.63 billion, a P/E ratio of 27.16, a P/E/G ratio of 3.27 and a beta of 0.69. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $64.38. The company has a fifty day moving average price of $58.11 and a 200-day moving average price of $51.78.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share 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 quarter in the previous year, the firm earned $1.03 EPS. The company's quarterly revenue 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, analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were issued a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.3%. Archer Daniels Midland's dividend 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.