Public Sector Pension Investment Board Boosts Holdings in Archer Daniels Midland Company $ADM

Key Points

• The Public Sector Pension Investment Board has increased its holdings in Archer Daniels Midland Company (ADM) by 8.4%, now owning 64,770 shares valued at approximately $3.11 million.
• Several analysts have upgraded their ratings on ADM, with UBS Group setting a new target price of $70.00, reflecting increasing confidence in the company's performance.
• Archer Daniels Midland announced a quarterly dividend of $0.51 per share, which translates to an annualized dividend yield of 3.4%, with a payout ratio of 89.87%.

Public Sector Pension Investment Board raised its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 8.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,770 shares of the company's stock after acquiring an additional 5,017 shares during the period. Public Sector Pension Investment Board's holdings in Archer Daniels Midland were worth $3,110,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Archer Daniels Midland in the fourth quarter worth $1,914,000. Handelsbanken Fonder AB purchased a new position in shares of Archer Daniels Midland in the first quarter worth $1,183,000. Bell Bank increased its stake in shares of Archer Daniels Midland by 11.0% in the first quarter. Bell Bank now owns 167,536 shares of the company's stock worth $8,043,000 after buying an additional 16,558 shares during the period. SG Americas Securities LLC purchased a new position in shares of Archer Daniels Midland in the first quarter worth $333,000. Finally, Sarasin & Partners LLP purchased a new position in shares of Archer Daniels Midland in the first quarter worth $1,200,000. Institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Stock Up 3.0%

Archer Daniels Midland stock traded up $1.8230 on Friday, hitting $62.9430. 5,237,137 shares of the stock traded hands, compared to its average volume of 3,549,769. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm has a market cap of $30.24 billion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 3.25 and a beta of 0.68. The business's fifty day simple moving average is $55.67 and its 200 day simple moving average is $50.23. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $63.40.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.93 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 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 firm posted $1.03 earnings per share. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, sell-side analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $2.04 annualized dividend and a yield of 3.2%. Archer Daniels Midland's dividend payout ratio (DPR) is currently 89.87%.

Analyst Ratings Changes

ADM has been the topic of several analyst reports. UBS Group reaffirmed a "buy" rating and issued a $70.00 target price (up from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $50.00 to $61.00 in a research note on Wednesday, August 6th. Morgan Stanley lifted 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 report on Tuesday, August 12th. JPMorgan Chase & Co. initiated coverage on shares of Archer Daniels Midland in a report on Wednesday. They issued a "neutral" rating and a $61.00 price target on the stock. Finally, Wall Street Zen upgraded shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Archer Daniels Midland has a consensus rating of "Hold" and an average target price 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.