Redwood Investment Management LLC Buys New Stake in Archer Daniels Midland Company $ADM

Key Points

• Redwood Investment Management LLC acquired a new position in Archer Daniels Midland Company, purchasing 35,065 shares valued at approximately $1.68 million.
• Brokerages have shown mixed ratings for Archer Daniels Midland, with target prices ranging from $45.00 to $70.00, reflecting differing analyst outlooks.
• Archer Daniels Midland recently declared a quarterly dividend of $0.51 per share, resulting in an annualized dividend yield of 3.2% for investors.

Redwood Investment Management LLC purchased a new position in Archer Daniels Midland Company (NYSE:ADM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,065 shares of the company's stock, valued at approximately $1,683,000.

Several other hedge funds have also recently modified their holdings of the business. S.A. Mason LLC purchased a new stake in Archer Daniels Midland during the first quarter valued at $25,000. Headlands Technologies LLC bought a new position in shares of Archer Daniels Midland in the first quarter worth about $25,000. ORG Partners LLC boosted its stake in shares of Archer Daniels Midland by 297.2% in the first quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $34,000 after acquiring an additional 523 shares during the period. NBC Securities Inc. bought a new position in Archer Daniels Midland during the first quarter valued at approximately $37,000. Finally, Capital Advisors Ltd. LLC boosted its stake in Archer Daniels Midland by 43.4% during the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after buying an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Price Performance

Shares of Archer Daniels Midland stock traded down $0.03 on Friday, hitting $62.63. The company's stock had a trading volume of 2,760,637 shares, compared to its average volume of 3,778,539. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $64.38. The company has a market capitalization of $30.09 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 3.34 and a beta of 0.68. The firm has a fifty day moving average price of $56.57 and a 200-day moving average price of $50.86.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.05. The company had revenue of $21.17 billion for the quarter, compared to analysts' expectations of $21.56 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.Archer Daniels Midland's revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, sell-side analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be given a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a yield of 3.3%. Archer Daniels Midland's payout ratio is presently 89.87%.

Analyst Ratings Changes

ADM has been the subject of several analyst reports. UBS Group reaffirmed a "buy" rating and issued a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. Bank of America cut Archer Daniels Midland from a "neutral" rating to an "underperform" rating and dropped their target price for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Morgan Stanley increased their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen raised Archer Daniels Midland from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $55.50.

About Archer Daniels Midland

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.