Swedbank AB Raises Stock Position in Archer Daniels Midland Company $ADM

Key Points

• Swedbank AB increased its stake in Archer Daniels Midland Company by 3.1%, owning a total of 406,626 shares valued at approximately $19.52 million.
• Several analysts have upgraded their ratings on Archer Daniels Midland, with UBS raising its target price from $60 to $70 and Morgan Stanley increasing it from $47 to $57.
• Archer Daniels Midland reported $0.93 EPS for its recent quarter, exceeding estimates, but its revenue fell by 4.9% year-over-year.

Swedbank AB lifted its stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 3.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 406,626 shares of the company's stock after buying an additional 12,345 shares during the quarter. Swedbank AB owned about 0.08% of Archer Daniels Midland worth $19,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its holdings 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 worth $838,030,000 after purchasing an additional 13,579,379 shares during the period. Wellington Management Group LLP grew its holdings in Archer Daniels Midland by 17.9% in the first quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company's stock worth $1,197,568,000 after purchasing an additional 3,791,597 shares during the period. Nuveen LLC purchased a new stake in Archer Daniels Midland in the first quarter worth about $81,306,000. Voloridge Investment Management LLC grew its holdings in Archer Daniels Midland by 56.8% in the fourth quarter. Voloridge Investment Management LLC now owns 2,328,942 shares of the company's stock worth $117,658,000 after purchasing an additional 843,662 shares during the period. Finally, Invesco Ltd. grew its holdings in Archer Daniels Midland by 8.5% in the first quarter. Invesco Ltd. now owns 7,753,585 shares of the company's stock worth $372,250,000 after purchasing an additional 607,767 shares during the period. Hedge funds and other institutional investors own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ADM. Morgan Stanley upped their price objective 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. Barclays upgraded shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. JPMorgan Chase & Co. assumed coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They set a "neutral" rating and a $61.00 price target on the stock. Wall Street Zen upgraded shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, UBS Group reiterated a "buy" rating and set a $70.00 price target (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. One 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. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $55.50.

Archer Daniels Midland Stock Performance

Archer Daniels Midland stock traded up $0.78 during midday trading on Friday, reaching $61.61. 11,658,514 shares of the company traded hands, compared to its average volume of 3,182,695. The firm has a market capitalization of $29.60 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 3.24 and a beta of 0.69. The business has a 50 day moving average of $58.91 and a two-hundred day moving average of $52.38. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $64.38. 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 (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.05. The company had revenue of $21.17 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, research analysts predict 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 declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio (DPR) is currently 89.87%.

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.