Archer Daniels Midland Company $ADM Shares Bought by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its stake in Archer Daniels Midland Company by 16.8%, acquiring an additional 84,829 shares, bringing its total holdings to 590,183 shares valued at approximately $28.3 million.
• Analyst ratings for Archer Daniels Midland are mixed, with UBS maintaining a "buy" rating and setting a price target of $70.00, while Bank of America downgraded the stock to "underperform" with a reduced target of $45.00.
• The company declared a quarterly dividend of $0.51 per share, representing an annual yield of 3.2%, with the next payment scheduled for September 10th.

Raymond James Financial Inc. boosted its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 16.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 590,183 shares of the company's stock after acquiring an additional 84,829 shares during the period. Raymond James Financial Inc. owned 0.12% of Archer Daniels Midland worth $28,335,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Handelsbanken Fonder AB purchased a new stake in Archer Daniels Midland during the 1st quarter valued at about $1,183,000. Bell Bank lifted its holdings in Archer Daniels Midland by 11.0% during the 1st quarter. Bell Bank now owns 167,536 shares of the company's stock worth $8,043,000 after buying an additional 16,558 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Archer Daniels Midland during the 1st quarter worth approximately $333,000. Sarasin & Partners LLP acquired a new stake in Archer Daniels Midland during the 1st quarter worth approximately $1,200,000. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Archer Daniels Midland by 18.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 167,515 shares of the company's stock worth $8,042,000 after buying an additional 26,328 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ADM shares. Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Morgan Stanley increased 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 research note on Tuesday, August 12th. JPMorgan Chase & Co. started coverage on shares of Archer Daniels Midland in a research note on Wednesday, August 20th. They set a "neutral" rating and a $61.00 price target for the company. Barclays upgraded shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $50.00 to $61.00 in a research note on Wednesday, August 6th. Finally, Bank of America cut shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and reduced their target price for the stock from $47.00 to $45.00 in a research note on Thursday, May 8th. One investment 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $55.50.

Archer Daniels Midland Stock Down 0.2%

ADM traded down $0.12 during trading on Wednesday, hitting $62.71. The company had a trading volume of 2,896,077 shares, compared to its average volume of 3,825,333. The company has a market cap of $30.13 billion, a PE ratio of 27.62, a P/E/G ratio of 3.35 and a beta of 0.68. The business has a 50-day moving average of $56.22 and a 200-day moving average of $50.59. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $64.38.

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 firm had revenue of $21.17 billion for the quarter, compared to analysts' expectations of $21.56 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The firm's quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders 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 of this dividend is Wednesday, August 20th. Archer Daniels Midland's dividend 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.