Savant Capital LLC Raises Stock Position in Archer Daniels Midland Company $ADM

Savant Capital LLC grew its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 19.4% in the second quarter, Holdings Channel.com reports. The fund owned 15,210 shares of the company’s stock after purchasing an additional 2,475 shares during the period. Savant Capital LLC’s holdings in Archer Daniels Midland were worth $803,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Archer Daniels Midland by 10.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 508,956 shares of the company’s stock worth $26,863,000 after purchasing an additional 49,954 shares in the last quarter. Perpetual Ltd acquired a new position in shares of Archer Daniels Midland during the 2nd quarter worth $227,000. Wellington Management Group LLP boosted its position in shares of Archer Daniels Midland by 17.9% in the 1st 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 in the last quarter. Allianz Asset Management GmbH grew its stake in Archer Daniels Midland by 9.5% in the 1st quarter. Allianz Asset Management GmbH now owns 371,258 shares of the company’s stock valued at $17,824,000 after acquiring an additional 32,110 shares during the last quarter. Finally, Candriam S.C.A. increased its holdings in Archer Daniels Midland by 27.4% during the 1st quarter. Candriam S.C.A. now owns 58,888 shares of the company’s stock valued at $2,827,000 after acquiring an additional 12,678 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ADM shares. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $59.00 price target (down from $61.00) on shares of Archer Daniels Midland in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. 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 report on Tuesday, August 12th. Zacks Research downgraded Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Finally, Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $50.00 to $61.00 in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Archer Daniels Midland currently has an average rating of “Reduce” and a consensus price target of $55.25.

Archer Daniels Midland Stock Performance

Archer Daniels Midland stock opened at $58.73 on Friday. The stock has a fifty day moving average price of $60.84 and a 200 day moving average price of $56.16. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $65.00. The firm has a market capitalization of $28.22 billion, a P/E ratio of 25.87, a PEG ratio of 4.78 and a beta of 0.70. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 EPS for the quarter, beating 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 analysts’ expectations of $20.96 billion. During the same quarter in the previous year, the business earned $1.09 EPS. The firm’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. Equities research analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 19th will be given 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 83.27%.

Archer Daniels Midland Company Profile

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.