National Pension Service Has $48.97 Million Holdings in Archer Daniels Midland Company $ADM

National Pension Service lifted its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 0.6% during the second quarter, Holdings Channel.com reports. The firm owned 927,786 shares of the company’s stock after buying an additional 5,550 shares during the period. National Pension Service’s holdings in Archer Daniels Midland were worth $48,969,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ADM. Charles Schwab Investment Management Inc. boosted its position 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 valued at $838,030,000 after buying an additional 13,579,379 shares during the last quarter. Wellington Management Group LLP increased its position 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 purchasing an additional 3,791,597 shares during the period. Nuveen LLC bought a new stake in Archer Daniels Midland during the 1st quarter worth about $81,306,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in Archer Daniels Midland during the 2nd quarter valued at about $39,094,000. Finally, Invesco Ltd. boosted its stake in Archer Daniels Midland by 8.5% in the first quarter. Invesco Ltd. now owns 7,753,585 shares of the company’s stock valued at $372,250,000 after acquiring an additional 607,767 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Price Performance

Shares of ADM opened at $58.73 on Friday. The company has a 50 day moving average of $60.84 and a 200-day moving average of $56.16. 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 stock has a market capitalization of $28.22 billion, a P/E ratio of 25.87, a P/E/G ratio of 4.78 and a beta of 0.70. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $65.00.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The firm 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 earned $1.09 EPS. The company’s revenue was up 2.2% compared to the same quarter last year. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. As a group, equities research analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 19th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, November 19th. Archer Daniels Midland’s dividend payout ratio is presently 83.27%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ADM. Barclays upgraded 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 research report on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $59.00 price objective (down previously from $61.00) on shares of Archer Daniels Midland in a research note on Wednesday, November 5th. Morgan Stanley raised their price objective 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. Finally, Zacks Research lowered Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus 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.