Archer Daniels Midland Company $ADM Shares Bought by Investment Research & Advisory Group Inc.

Investment Research & Advisory Group Inc. boosted its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,154 shares of the company’s stock after purchasing an additional 354 shares during the quarter. Investment Research & Advisory Group Inc.’s holdings in Archer Daniels Midland were worth $1,803,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ADM. Wellington Management Group LLP raised 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 worth $1,197,568,000 after purchasing an additional 3,791,597 shares during the last quarter. Charles Schwab Investment Management Inc. raised 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 worth $838,030,000 after acquiring an additional 13,579,379 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Archer Daniels Midland by 3.7% in the first quarter. Northern Trust Corp now owns 11,448,325 shares of the company’s stock worth $549,634,000 after acquiring an additional 413,314 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Archer Daniels Midland by 8.5% during the first 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 last quarter. Finally, Dimensional Fund Advisors LP increased its position in Archer Daniels Midland by 6.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,015,752 shares of the company’s stock worth $144,783,000 after purchasing an additional 184,852 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ADM. Morgan Stanley upped their price objective on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 12th. Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. 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 research note on Monday, August 11th. JPMorgan Chase & Co. assumed coverage on Archer Daniels Midland in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 price target on the stock. Finally, Wall Street Zen raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note 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 issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.50.

Archer Daniels Midland Stock Performance

Archer Daniels Midland stock opened at $60.62 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. The firm’s fifty day moving average price is $59.58 and its 200 day moving average price is $52.88. The company has a market capitalization of $29.13 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 3.23 and a beta of 0.68. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $64.38.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.88 by $0.05. The company 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 business’s revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. On average, research analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Wednesday, August 20th. Archer Daniels Midland’s payout ratio is presently 89.87%.

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.