Vident Advisory LLC Has $1.74 Million Stake in Archer Daniels Midland Company $ADM

Key Points

• Vident Advisory LLC increased its stake in Archer Daniels Midland Company by 48.3%, accumulating a total of 36,296 shares worth approximately $1.74 million.
• Recent analyst ratings show a mix of sentiments with UBS Group raising their price target from $60.00 to $70.00, while the average price target stands at $55.50 with a general hold recommendation.
• Archer Daniels Midland declared a quarterly dividend of $0.51 per share, representing an annual yield of 3.3% and a payout ratio of nearly 89.87%.

Vident Advisory LLC increased its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 48.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,296 shares of the company's stock after buying an additional 11,826 shares during the quarter. Vident Advisory LLC's holdings in Archer Daniels Midland were worth $1,743,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. S.A. Mason LLC acquired a new stake in Archer Daniels Midland during the 1st quarter worth $25,000. Headlands Technologies LLC acquired a new stake in Archer Daniels Midland during the 1st quarter worth $25,000. ORG Partners LLC raised its stake in 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 buying an additional 523 shares during the period. NBC Securities Inc. acquired a new stake in Archer Daniels Midland during the 1st quarter worth $37,000. Finally, Capital Advisors Ltd. LLC increased its holdings in 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 in the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. assumed coverage on Archer Daniels Midland in a report on Wednesday, August 20th. They set a "neutral" rating and a $61.00 target price for the company. Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. 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. Wall Street Zen upgraded Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Morgan Stanley boosted their price objective on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Archer Daniels Midland presently has an average rating of "Hold" and a consensus target price of $55.50.

Archer Daniels Midland Price Performance

NYSE ADM traded up $0.97 on Friday, hitting $62.91. 2,655,895 shares of the company's stock were exchanged, compared to its average volume of 3,408,997. The stock has a 50-day moving average of $57.52 and a 200-day moving average of $51.42. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $64.38. The stock has a market cap of $30.23 billion, a price-to-earnings ratio of 27.71, a P/E/G ratio of 3.35 and a beta of 0.69.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.05. The firm had revenue of $21.17 billion during the quarter, compared to analysts' expectations of $21.56 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The company's quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 earnings per share. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. Analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio is presently 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.