Trust Co of the South Invests $503,000 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 acquired a new stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,523 shares of the company's stock, valued at approximately $503,000.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Archer Daniels Midland by 350.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company's stock valued at $838,030,000 after acquiring an additional 13,579,379 shares during the period. Wellington Management Group LLP lifted its position in shares of Archer Daniels Midland by 17.9% during the 1st quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company's stock valued at $1,197,568,000 after acquiring an additional 3,791,597 shares during the period. Nuveen LLC acquired a new position in shares of Archer Daniels Midland during the 1st quarter valued at $81,306,000. Voloridge Investment Management LLC lifted its position in shares of Archer Daniels Midland by 56.8% during the 4th quarter. Voloridge Investment Management LLC now owns 2,328,942 shares of the company's stock valued at $117,658,000 after acquiring an additional 843,662 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Archer Daniels Midland by 8.5% during the 1st quarter. Invesco Ltd. now owns 7,753,585 shares of the company's stock valued at $372,250,000 after acquiring an additional 607,767 shares during the period. 78.28% of the stock is owned by institutional investors.

Archer Daniels Midland Trading Down 0.5%

Shares of NYSE ADM traded down $0.29 during mid-day trading on Thursday, hitting $60.80. The stock had a trading volume of 1,016,744 shares, compared to its average volume of 3,895,528. 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 business has a 50 day moving average price of $58.66 and a two-hundred day moving average price of $52.17. The firm has a market cap of $29.21 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 3.32 and a beta of 0.69.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued 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. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The company had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $21.56 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. The firm'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, equities analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were given 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 was Wednesday, August 20th. Archer Daniels Midland's payout ratio is presently 89.87%.

Analyst Ratings Changes

ADM has been the topic of a number of research reports. Barclays upgraded shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. 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. UBS Group restated a "buy" rating and set a $70.00 price objective (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. JPMorgan Chase & Co. began coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They set a "neutral" rating and a $61.00 price objective on the stock. Finally, Wall Street Zen upgraded shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $55.50.

Archer Daniels Midland Company 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.