Joule Financial LLC Invests $215,000 in Archer Daniels Midland Company $ADM

Joule Financial LLC bought a new stake in shares of Archer Daniels Midland Company (NYSE:ADM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,068 shares of the company’s stock, valued at approximately $215,000.

Other institutional investors have also added to or reduced their stakes in the company. Beacon Financial Advisory LLC grew its stake in shares of Archer Daniels Midland by 1.0% during the second 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 last quarter. Wealthcare Advisory Partners LLC purchased a new stake in Archer Daniels Midland during the 2nd quarter worth approximately $276,000. Cromwell Holdings LLC increased its stake in Archer Daniels Midland by 70.7% during the 2nd quarter. Cromwell Holdings LLC now owns 1,449 shares of the company’s stock valued at $76,000 after purchasing an additional 600 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings 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 buying an additional 49,954 shares during the last quarter. Finally, ASR Vermogensbeheer N.V. lifted its stake in shares of Archer Daniels Midland by 0.6% during the second quarter. ASR Vermogensbeheer N.V. now owns 152,223 shares of the company’s stock worth $8,034,000 after buying an additional 959 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Stock Up 3.2%

Archer Daniels Midland stock opened at $60.97 on Monday. The business’s 50-day moving average price is $60.03 and its 200 day moving average price is $53.32. 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 firm has a market cap of $29.29 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 3.25 and a beta of 0.70. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $64.38.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.05. The company had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $21.56 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 down 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were given a $0.51 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.3%. Archer Daniels Midland’s dividend payout ratio is 89.87%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ADM shares. Morgan Stanley upped their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. Wall Street Zen upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. initiated coverage on Archer Daniels Midland in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 target price on the stock. Finally, UBS Group reissued a “buy” rating and set a $70.00 price target (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $55.50.

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.