Archer Daniels Midland Company $ADM Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in shares of Archer Daniels Midland Company (NYSE:ADMFree Report) by 4.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,921,977 shares of the company’s stock after acquiring an additional 118,699 shares during the quarter. Bank of New York Mellon Corp owned about 0.61% of Archer Daniels Midland worth $174,559,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Centennial Wealth Advisory LLC lifted its holdings in shares of Archer Daniels Midland by 1.5% during the third quarter. Centennial Wealth Advisory LLC now owns 12,696 shares of the company’s stock worth $758,000 after purchasing an additional 184 shares during the period. Beacon Financial Advisory LLC lifted its stake in shares of Archer Daniels Midland by 1.0% in the 2nd quarter. Beacon Financial Advisory LLC now owns 18,505 shares of the company’s stock worth $977,000 after acquiring an additional 185 shares during the period. Rothschild Investment LLC boosted its holdings in shares of Archer Daniels Midland by 9.7% in the second quarter. Rothschild Investment LLC now owns 2,232 shares of the company’s stock valued at $118,000 after acquiring an additional 198 shares in the last quarter. Argyle Capital Management LLC boosted its holdings in shares of Archer Daniels Midland by 1.0% in the second quarter. Argyle Capital Management LLC now owns 20,575 shares of the company’s stock valued at $1,086,000 after acquiring an additional 200 shares in the last quarter. Finally, Caldwell Trust Co increased its stake in shares of Archer Daniels Midland by 44.7% during the third quarter. Caldwell Trust Co now owns 647 shares of the company’s stock worth $39,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland News Summary

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

Wall Street Analysts Forecast Growth

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

View Our Latest Report on ADM

Archer Daniels Midland Price Performance

Archer Daniels Midland stock opened at $67.28 on Friday. The firm has a market capitalization of $32.33 billion, a PE ratio of 27.46, a P/E/G ratio of 4.58 and a beta of 0.70. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $69.75. The firm’s 50-day simple moving average is $61.19 and its 200 day simple moving average is $60.19. The company has a quick ratio of 0.92, a current ratio of 1.37 and a debt-to-equity ratio of 0.29.

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

Archer Daniels Midland Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th were given a dividend of $0.51 per share. The ex-dividend date of this dividend 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 presently 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.

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

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