iSAM Funds UK Ltd Buys New Shares in Archer Daniels Midland Company $ADM

iSAM Funds UK Ltd bought a new position in shares of Archer Daniels Midland Company (NYSE:ADM) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 32,433 shares of the company’s stock, valued at approximately $1,712,000.

Other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Archer Daniels Midland by 0.7% in the 2nd quarter. State Street Corp now owns 34,617,404 shares of the company’s stock valued at $1,827,107,000 after buying an additional 223,716 shares during the period. Wellington Management Group LLP lifted its stake in Archer Daniels Midland by 17.9% in 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Archer Daniels Midland by 3.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 18,076,118 shares of the company’s stock worth $954,058,000 after acquiring an additional 620,794 shares during the last quarter. Geode Capital Management LLC grew its holdings in Archer Daniels Midland by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 12,457,546 shares of the company’s stock worth $654,772,000 after acquiring an additional 283,207 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Archer Daniels Midland by 3.7% in the 1st quarter. Northern Trust Corp now owns 11,448,325 shares of the company’s stock valued at $549,634,000 after purchasing an additional 413,314 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ADM shares. Morgan Stanley boosted their target price on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $59.00 price objective (down from $61.00) on shares of Archer Daniels Midland in a research report on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. Zacks Research cut Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Finally, UBS Group restated a “buy” rating and set a $70.00 price objective (up previously from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $55.25.

Archer Daniels Midland Stock Down 1.9%

Shares of NYSE:ADM opened at $57.87 on Tuesday. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $65.00. 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 has a market cap of $27.81 billion, a P/E ratio of 23.62, a P/E/G ratio of 5.01 and a beta of 0.70. The firm has a fifty day moving average price of $60.20 and a 200 day moving average price of $57.55.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.92 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $20.96 billion. During the same period in the previous year, the business posted $1.09 earnings per share. Archer Daniels Midland’s quarterly 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 predict 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 will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $2.04 annualized dividend and a yield of 3.5%. Archer Daniels Midland’s dividend payout ratio is currently 83.27%.

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.