Atlantic Union Bankshares Corp Buys New Stake in Archer Daniels Midland Company $ADM

Atlantic Union Bankshares Corp purchased a new stake in Archer Daniels Midland Company (NYSE:ADM) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,013 shares of the company’s stock, valued at approximately $106,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its position in shares of 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 buying an additional 3,791,597 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Archer Daniels Midland by 350.4% in the 1st 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 during the period. Northern Trust Corp grew its position in Archer Daniels Midland by 3.7% in the first quarter. Northern Trust Corp now owns 11,448,325 shares of the company’s stock valued at $549,634,000 after acquiring an additional 413,314 shares in the last quarter. Invesco Ltd. raised its stake in shares of Archer Daniels Midland by 8.5% during the first quarter. Invesco Ltd. now owns 7,753,585 shares of the company’s stock valued at $372,250,000 after purchasing an additional 607,767 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Archer Daniels Midland by 6.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,015,752 shares of the company’s stock worth $144,783,000 after purchasing an additional 184,852 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer Daniels Midland Stock Up 0.2%

Shares of Archer Daniels Midland stock opened at $56.84 on Monday. The business has a 50-day moving average price of $61.20 and a 200 day moving average price of $56.01. Archer Daniels Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $65.00. The firm has a market cap of $27.31 billion, a P/E ratio of 25.04, a P/E/G ratio of 4.78 and a beta of 0.70. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Tuesday, November 4th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.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 earned $1.09 EPS. The business’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. On average, sell-side analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently announced 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 is Wednesday, November 19th. This represents a $2.04 annualized dividend and a yield of 3.6%. Archer Daniels Midland’s payout ratio is presently 83.27%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ADM. Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. UBS Group restated a “buy” rating and set a $70.00 target price (up from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Morgan Stanley boosted their price target on 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. Wall Street Zen upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $59.00 price objective (down from $61.00) on shares of Archer Daniels Midland in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $55.25.

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.