Trust Co of the South Makes New Investment in Archer Daniels Midland Company $ADM

Key Points

• Trust Co of the South has acquired a new stake in Archer Daniels Midland Company (ADM), purchasing 9,523 shares valued at approximately $503,000 in the second quarter.
• Analysts have raised their price targets for ADM, with Barclays increasing it from $50.00 to $61.00, and UBS Group adjusting it from $60.00 to $70.00, reflecting positive sentiment around the company's performance.
• Archer Daniels Midland announced a quarterly dividend of $0.51, yielding 3.3%, with a payout ratio of 89.87%, indicating a commitment to returning value to shareholders.

Trust Co of the South bought a new stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,523 shares of the company's stock, valued at approximately $503,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ADM. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 valued at $838,030,000 after purchasing an additional 13,579,379 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of 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 valued at $1,197,568,000 after purchasing an additional 3,791,597 shares in the last quarter. Nuveen LLC purchased a new position in shares of Archer Daniels Midland in the first quarter valued at $81,306,000. Voloridge Investment Management LLC lifted its position 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 buying an additional 843,662 shares during the last quarter. Finally, Invesco Ltd. lifted its position 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 buying an additional 607,767 shares during the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer Daniels Midland Price Performance

Shares of NYSE ADM opened at $61.66 on Friday. The business's 50 day moving average price is $58.24 and its 200 day moving average price is $51.87. The firm has a market cap of $29.63 billion, a P/E ratio of 27.16, a P/E/G ratio of 3.27 and a beta of 0.69. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $64.38. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) 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 company had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $21.56 billion. During the same period in the previous year, the company posted $1.03 earnings per share. Archer Daniels Midland's revenue for the quarter 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 expect 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 disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio is currently 89.87%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ADM. Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $50.00 to $61.00 in a research report on Wednesday, August 6th. JPMorgan Chase & Co. began coverage on Archer Daniels Midland in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price target for the company. UBS Group restated a "buy" rating and issued a $70.00 price target (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Wall Street Zen upgraded Archer Daniels Midland from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Morgan Stanley lifted their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Archer Daniels Midland currently has an average rating of "Hold" and an average price target 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.

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