Archford Capital Strategies LLC Purchases New Position in Archer Daniels Midland Company $ADM

Archford Capital Strategies LLC purchased a new stake in shares of Archer Daniels Midland Company (NYSE:ADM) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 6,036 shares of the company’s stock, valued at approximately $319,000.

Several other institutional investors also recently bought and sold shares of the stock. Wellington Management Group LLP raised its position in Archer Daniels Midland by 17.9% during 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 acquiring an additional 3,791,597 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Archer Daniels Midland by 350.4% during 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 acquiring an additional 13,579,379 shares in the last quarter. Northern Trust Corp raised its position in Archer Daniels Midland by 3.7% during the first quarter. Northern Trust Corp now owns 11,448,325 shares of the company’s stock valued at $549,634,000 after acquiring an additional 413,314 shares in the last quarter. Invesco Ltd. raised its position in 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 in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Archer Daniels Midland by 6.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,015,752 shares of the company’s stock valued at $144,783,000 after purchasing an additional 184,852 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Wall Street Zen raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Morgan Stanley raised their price objective on Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, August 12th. JPMorgan Chase & Co. assumed coverage on Archer Daniels Midland in a report on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 price objective on the stock. Barclays raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. Finally, UBS Group reissued a “buy” rating and issued a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. One 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $55.50.

Archer Daniels Midland Price Performance

NYSE:ADM opened at $60.36 on Tuesday. 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 capitalization of $29.00 billion, a P/E ratio of 26.59, a P/E/G ratio of 3.23 and a beta of 0.68. The stock’s fifty day moving average is $59.70 and its two-hundred day moving average is $52.97.

Archer Daniels Midland (NYSE:ADM) last released 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 return on equity of 8.43% and a net margin of 1.33%.The firm had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $21.56 billion. During the same period in the previous year, the firm posted $1.03 EPS. 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. Equities analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Wednesday, August 20th. Archer Daniels Midland’s dividend payout ratio is currently 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.