Valeo Financial Advisors LLC Acquires New Shares in Archer Daniels Midland Company $ADM

Key Points

• Valeo Financial Advisors LLC acquired a new stake in Archer Daniels Midland Company, purchasing 7,276 shares valued at approximately $384,000 in the second quarter.
• Archer Daniels Midland reported earnings of $0.93 per share for the last quarter, exceeding expectations, though revenue declined to $21.17 billion compared to the previous year.
• Brokerages have varied opinions on Archer Daniels Midland, with UBS upgrading the stock to a "buy" rating and raising the target price to $70.00, while the average stock rating remains a "hold".

Valeo Financial Advisors LLC acquired a new stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,276 shares of the company's stock, valued at approximately $384,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Joule Financial LLC bought a new stake in shares of Archer Daniels Midland in the second quarter valued at about $215,000. Beacon Financial Advisory LLC raised its holdings in shares of Archer Daniels Midland by 1.0% in the second quarter. Beacon Financial Advisory LLC now owns 18,505 shares of the company's stock valued at $977,000 after acquiring an additional 185 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of Archer Daniels Midland in the second quarter valued at about $276,000. Cromwell Holdings LLC raised its holdings in shares of Archer Daniels Midland by 70.7% in the second quarter. Cromwell Holdings LLC now owns 1,449 shares of the company's stock valued at $76,000 after acquiring an additional 600 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Archer Daniels Midland by 10.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 508,956 shares of the company's stock valued at $26,863,000 after acquiring an additional 49,954 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on ADM. JPMorgan Chase & Co. began coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 target price for the company. UBS Group reiterated a "buy" rating and issued a $70.00 target price (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Wall Street Zen upgraded shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Barclays upgraded shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Archer Daniels Midland in a report on Wednesday. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $55.50.

Archer Daniels Midland Stock Performance

ADM opened at $61.31 on Friday. 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. The company has a market cap of $29.46 billion, a P/E ratio of 27.01, a price-to-earnings-growth ratio of 3.32 and a beta of 0.70. The firm's 50-day moving average price is $60.64 and its 200-day moving average price is $53.66.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $21.56 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. The company's revenue for the quarter was down 4.9% compared to the same quarter last year. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, equities analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were issued a dividend of $0.51 per share. The ex-dividend date was Wednesday, August 20th. This represents a $2.04 annualized dividend and a dividend yield of 3.3%. Archer Daniels Midland's dividend 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.

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