Sierra Summit Advisors LLC Acquires New Holdings in Archer Daniels Midland Company $ADM

Sierra Summit Advisors LLC bought a new position in Archer Daniels Midland Company (NYSE:ADM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,210 shares of the company’s stock, valued at approximately $908,000.

Other large investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its stake 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 worth $26,863,000 after purchasing an additional 49,954 shares in the last quarter. Perpetual Ltd acquired a new stake in Archer Daniels Midland in the second quarter worth about $227,000. Wellington Management Group LLP grew its position in Archer Daniels Midland by 17.9% in 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 buying an additional 3,791,597 shares in the last quarter. Candriam S.C.A. increased its stake in Archer Daniels Midland by 27.4% during the 1st quarter. Candriam S.C.A. now owns 58,888 shares of the company’s stock valued at $2,827,000 after buying an additional 12,678 shares during the period. Finally, Groupama Asset Managment bought a new stake in shares of Archer Daniels Midland during the 1st quarter worth about $401,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Stock Up 1.2%

Shares of Archer Daniels Midland stock opened at $58.59 on Friday. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $65.00. The firm has a market capitalization of $28.16 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 4.78 and a beta of 0.70. 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 stock’s fifty day moving average is $60.46 and its 200-day moving average is $56.68.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $20.37 billion during the quarter, compared to analyst estimates of $20.96 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.Archer Daniels Midland’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the company posted $1.09 EPS. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. Equities analysts anticipate 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 Thursday, December 11th. Investors of record on Wednesday, November 19th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Wednesday, November 19th. Archer Daniels Midland’s dividend payout ratio is 83.27%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Zacks Research cut shares of Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. UBS Group reissued a “buy” rating and issued a $70.00 price objective (up previously from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Finally, Wall Street Zen raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Archer Daniels Midland currently has an average rating of “Reduce” and a consensus price target of $55.25.

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.