PGGM Investments Boosts Stock Holdings in Archer Daniels Midland Company $ADM

Key Points

• PGGM Investments increased its stake in Archer Daniels Midland Company (ADM) by 94.8%, now owning approximately 830,238 shares worth about $43.82 million.
• Archer Daniels Midland reported $0.93 earnings per share (EPS) for its latest quarter, exceeding estimates, but experienced a 4.9% decline in year-over-year revenue.
• The company's quarterly dividend of $0.51 per share translates to an annual yield of 3.4% and comes with a payout ratio of 89.87%.

PGGM Investments boosted its position in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 94.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 830,238 shares of the company's stock after purchasing an additional 404,100 shares during the period. PGGM Investments owned about 0.17% of Archer Daniels Midland worth $43,820,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of ADM. Charles Schwab Investment Management Inc. lifted its stake in 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 purchasing an additional 13,579,379 shares during the last quarter. Wellington Management Group LLP raised its holdings in 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 valued at $1,197,568,000 after acquiring an additional 3,791,597 shares during the period. Nuveen LLC bought a new stake in Archer Daniels Midland during the 1st quarter valued at $81,306,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in Archer Daniels Midland during the 2nd quarter valued at $39,094,000. Finally, Invesco Ltd. raised its holdings in Archer Daniels Midland by 8.5% during the 1st quarter. Invesco Ltd. now owns 7,753,585 shares of the company's stock valued at $372,250,000 after acquiring an additional 607,767 shares during the period. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Stock Performance

NYSE ADM opened at $59.72 on Wednesday. The company has a 50-day simple moving average of $59.79 and a two-hundred day simple moving average of $53.02. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $64.38. The firm has a market cap of $28.69 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 3.21 and a beta of 0.69.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.05. The business had revenue of $21.17 billion during the quarter, compared to analyst estimates of $21.56 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The company's revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 earnings per share. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. On average, equities analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio is currently 89.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. Morgan Stanley upped 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 report on Tuesday, August 12th. JPMorgan Chase & Co. started coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price target 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. Finally, UBS Group reissued a "buy" rating and issued a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $55.50.

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.

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