Beacon Financial Advisory LLC Has $977,000 Holdings in Archer Daniels Midland Company $ADM

Beacon Financial Advisory LLC increased its stake in shares of Archer Daniels Midland Company (NYSE:ADMFree Report) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,505 shares of the company’s stock after acquiring an additional 185 shares during the quarter. Beacon Financial Advisory LLC’s holdings in Archer Daniels Midland were worth $977,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ADM. Charles Schwab Investment Management Inc. boosted its stake 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 worth $838,030,000 after acquiring an additional 13,579,379 shares in the last quarter. Wellington Management Group LLP boosted its stake 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 worth $1,197,568,000 after acquiring an additional 3,791,597 shares in the last quarter. Nuveen LLC bought a new position in Archer Daniels Midland during the first quarter worth $81,306,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in Archer Daniels Midland during the second quarter worth $39,094,000. Finally, Invesco Ltd. boosted its stake in Archer Daniels Midland by 8.5% during the first quarter. Invesco Ltd. now owns 7,753,585 shares of the company’s stock worth $372,250,000 after acquiring an additional 607,767 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Archer Daniels Midland Stock Up 3.2%

ADM opened at $60.97 on Friday. 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 company’s 50-day moving average is $60.03 and its 200 day moving average is $53.27. Archer Daniels Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $64.38. The firm has a market capitalization of $29.29 billion, a P/E ratio of 26.86, a PEG ratio of 3.25 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADMGet Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.05. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The business had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $21.56 billion. During the same quarter last year, the company posted $1.03 earnings per share. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. Research analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Wednesday, August 20th. Archer Daniels Midland’s dividend payout ratio (DPR) is 89.87%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. UBS Group reaffirmed a “buy” rating and issued a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. 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. Barclays raised shares of 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 research note on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Saturday, September 27th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Archer Daniels Midland in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 price objective on the stock. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.50.

Get Our Latest Analysis on ADM

Archer Daniels Midland Profile

(Free Report)

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.

See Also

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

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