Archer Daniels Midland Company $ADM Shares Acquired by Resona Asset Management Co. Ltd.

Key Points

• Resona Asset Management Co. Ltd. has increased its stake in Archer Daniels Midland Company by 8.7%, bringing its total ownership to 182,039 shares valued at approximately $8.73 million.
• Archer Daniels Midland recently declared a quarterly dividend of $0.51, providing an annualized dividend yield of 3.4% with a payout ratio of 89.87%.
• Despite a 4.9% decline in revenue year-over-year, Archer Daniels Midland reported $0.93 EPS which exceeded analyst expectations by $0.05.

Resona Asset Management Co. Ltd. grew its holdings in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 8.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 182,039 shares of the company's stock after buying an additional 14,559 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in Archer Daniels Midland were worth $8,731,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC raised its position in Archer Daniels Midland by 12.0% during the first quarter. HighTower Advisors LLC now owns 92,069 shares of the company's stock worth $4,420,000 after acquiring an additional 9,866 shares during the period. Public Sector Pension Investment Board raised its position in shares of Archer Daniels Midland by 8.4% during the 1st quarter. Public Sector Pension Investment Board now owns 64,770 shares of the company's stock worth $3,110,000 after purchasing an additional 5,017 shares during the last quarter. AIA Group Ltd boosted its holdings in Archer Daniels Midland by 101.7% in the 1st quarter. AIA Group Ltd now owns 40,050 shares of the company's stock worth $1,923,000 after buying an additional 20,196 shares during the last quarter. Longfellow Investment Management Co. LLC increased its stake in Archer Daniels Midland by 36.3% during the 1st quarter. Longfellow Investment Management Co. LLC now owns 7,197 shares of the company's stock worth $346,000 after buying an additional 1,918 shares in the last quarter. Finally, Independent Advisor Alliance lifted its position in shares of Archer Daniels Midland by 26.0% in the first quarter. Independent Advisor Alliance now owns 37,562 shares of the company's stock valued at $1,803,000 after acquiring an additional 7,749 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ADM. UBS Group reaffirmed a "buy" rating and set a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Bank of America cut shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and dropped their price objective for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. Barclays raised 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. Morgan Stanley increased their price target on Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. Finally, Wall Street Zen raised Archer Daniels Midland from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Archer Daniels Midland has an average rating of "Hold" and an average price target of $54.71.

Archer Daniels Midland Stock Down 0.2%

Shares of Archer Daniels Midland stock traded down $0.09 during trading hours on Tuesday, reaching $59.58. 955,995 shares of the company were exchanged, compared to its average volume of 3,951,228. The firm has a market cap of $28.63 billion, a PE ratio of 26.22, a PEG ratio of 3.18 and a beta of 0.68. 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 $62.61. The stock's fifty day moving average is $54.75 and its 200 day moving average is $49.91.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.88 by $0.05. The firm had revenue of $21.17 billion during 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 for the quarter was down 4.9% on a year-over-year basis. 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, equities research analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 3.4%. The ex-dividend date is Wednesday, August 20th. Archer Daniels Midland's 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.