Archer Daniels Midland Company $ADM Shares Acquired by Investment Research & Advisory Group Inc.

Investment Research & Advisory Group Inc. raised its position in Archer Daniels Midland Company (NYSE:ADM) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,154 shares of the company’s stock after buying an additional 354 shares during the period. Investment Research & Advisory Group Inc.’s holdings in Archer Daniels Midland were worth $1,803,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ADM. Handelsbanken Fonder AB acquired a new stake in shares of Archer Daniels Midland in the first quarter valued at about $1,183,000. Bell Bank grew its stake in Archer Daniels Midland by 11.0% during the 1st quarter. Bell Bank now owns 167,536 shares of the company’s stock valued at $8,043,000 after acquiring an additional 16,558 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Archer Daniels Midland in the 1st quarter valued at about $333,000. Sarasin & Partners LLP purchased a new position in Archer Daniels Midland in the 1st quarter worth approximately $1,200,000. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Archer Daniels Midland by 18.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 167,515 shares of the company’s stock valued at $8,042,000 after purchasing an additional 26,328 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Stock Down 0.7%

Shares of Archer Daniels Midland stock opened at $60.62 on Monday. 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 Company has a 52-week low of $40.98 and a 52-week high of $64.38. The company has a market capitalization of $29.13 billion, a P/E ratio of 26.70, a P/E/G ratio of 3.23 and a beta of 0.68. The company has a 50 day moving average of $59.58 and a 200 day moving average of $52.88.

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

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors 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 annualized dividend and a yield of 3.4%. Archer Daniels Midland’s dividend payout ratio is 89.87%.

Analyst Upgrades and Downgrades

ADM has been the topic of several analyst reports. Morgan Stanley lifted 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. 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. UBS Group reissued a “buy” rating and issued a $70.00 price target (up previously from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Barclays upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. Finally, 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 price objective for the company. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $55.50.

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.