Townsquare Capital LLC Has $644,000 Stake in Archer Daniels Midland Company $ADM

Key Points

• Townsquare Capital LLC increased its stake in Archer Daniels Midland Company by 66.4%, holding 13,420 shares valued at approximately $644,000 after acquiring an additional 5,357 shares.
• Archer Daniels Midland reported a quarterly EPS of $0.93, exceeding estimates, but experienced a 4.9% decline in revenue year-over-year, totaling $21.17 billion.
• The company announced a quarterly dividend of $0.51 per share, which will be paid on September 10th, providing an annualized dividend yield of 3.4%.

Townsquare Capital LLC lifted its stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 66.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,420 shares of the company's stock after acquiring an additional 5,357 shares during the quarter. Townsquare Capital LLC's holdings in Archer Daniels Midland were worth $644,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. S.A. Mason LLC acquired a new position in shares of Archer Daniels Midland during the 1st quarter worth about $25,000. Headlands Technologies LLC acquired a new position in shares of Archer Daniels Midland during the 1st quarter worth about $25,000. ORG Partners LLC lifted its position in shares of Archer Daniels Midland by 297.2% during the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $34,000 after purchasing an additional 523 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of Archer Daniels Midland during the 1st quarter worth about $37,000. Finally, Capital Advisors Ltd. LLC lifted its position in shares of Archer Daniels Midland by 43.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock worth $38,000 after purchasing an additional 237 shares during the last quarter. Institutional investors own 78.28% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ADM shares. Wall Street Zen raised Archer Daniels Midland from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group reaffirmed a "buy" rating and issued a $70.00 price target (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Morgan Stanley upped 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. Barclays raised Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. Finally, Bank of America cut Archer Daniels Midland from a "neutral" rating to an "underperform" rating and cut their price target for the company from $47.00 to $45.00 in a report on Thursday, May 8th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $54.71.

Archer Daniels Midland Price Performance

Shares of ADM stock traded up $0.2710 during trading hours on Tuesday, hitting $59.9410. The company had a trading volume of 3,474,285 shares, compared to its average volume of 3,967,999. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $62.61. The firm has a market capitalization of $28.80 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 3.18 and a beta of 0.68. The firm's fifty day moving average is $54.75 and its 200 day moving average is $49.91. 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 (NYSE:ADM - Get Free Report) last released its quarterly earnings results 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. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The firm had revenue of $21.17 billion during the quarter, compared to analysts' expectations of $21.56 billion. During the same period last year, the firm posted $1.03 EPS. The business's revenue was down 4.9% on a year-over-year basis. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. On average, sell-side analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors 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 yield of 3.4%. The ex-dividend date of this dividend is 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.