Mirae Asset Global Investments Co. Ltd. Buys 20,225 Shares of Archer Daniels Midland Company $ADM

Mirae Asset Global Investments Co. Ltd. increased its position in Archer Daniels Midland Company (NYSE:ADMFree Report) by 4.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 529,181 shares of the company’s stock after acquiring an additional 20,225 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Archer Daniels Midland were worth $31,613,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SOA Wealth Advisors LLC. bought a new stake in shares of Archer Daniels Midland in the second quarter worth $25,000. Trust Co. of Vermont increased its stake in shares of Archer Daniels Midland by 367.0% in the third quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock valued at $30,000 after buying an additional 400 shares during the period. Trust Co. of Toledo NA OH acquired a new position in shares of Archer Daniels Midland in the second quarter worth approximately $32,000. Elevation Point Wealth Partners LLC acquired a new stake in Archer Daniels Midland during the 2nd quarter valued at approximately $36,000. Finally, Evelyn Partners Investment Management Services Ltd acquired a new position in shares of Archer Daniels Midland in the 2nd quarter worth approximately $37,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ADM shares. UBS Group reissued a “buy” rating on shares of Archer Daniels Midland in a research report on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, January 21st. JPMorgan Chase & Co. upped their price objective on Archer Daniels Midland from $59.00 to $60.00 and gave the company an “underweight” rating in a research note on Wednesday, January 21st. Morgan Stanley downgraded Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $57.00 to $50.00 in a research note on Tuesday, December 16th. Finally, Zacks Research raised shares of Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $54.50.

Get Our Latest Stock Analysis on Archer Daniels Midland

Archer Daniels Midland News Summary

Here are the key news stories impacting Archer Daniels Midland this week:

Archer Daniels Midland Stock Down 1.2%

Shares of NYSE:ADM opened at $67.39 on Thursday. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $69.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.37 and a quick ratio of 0.92. The stock’s 50-day moving average is $60.84 and its 200 day moving average is $60.05. The company has a market cap of $32.38 billion, a PE ratio of 27.50, a P/E/G ratio of 4.67 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADMGet Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Archer Daniels Midland had a return on equity of 8.01% and a net margin of 1.43%.The company had revenue of $20.37 billion during the quarter, compared to analyst estimates of $20.96 billion. During the same quarter last year, the firm posted $1.09 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. Sell-side analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th were issued a $0.51 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $2.04 annualized dividend and a yield of 3.0%. Archer Daniels Midland’s dividend payout ratio (DPR) is 83.27%.

Archer Daniels Midland Profile

(Free Report)

Archer Daniels Midland Company (ADM) is a global agricultural processor and food-ingredient provider that sources, transports and processes oilseeds, corn, wheat and other agricultural commodities. The company operates large-scale crushing, refining and processing facilities that produce vegetable oils, protein meals, corn sweeteners, starches, ethanol, animal feeds and a wide range of food and industrial ingredients. ADM also develops specialty ingredients and solutions for human and animal nutrition, food and beverage formulation, and industrial applications such as bio-based materials and renewable fuels.

ADM’s business combines commodity origination and merchandising with downstream manufacturing and ingredient formulation.

See Also

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Institutional Ownership by Quarter for Archer Daniels Midland (NYSE:ADM)

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