Midwest Trust Co Takes $204,000 Position in Archer Daniels Midland Company $ADM

Midwest Trust Co bought a new position in shares of Archer Daniels Midland Company (NYSE:ADM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 3,863 shares of the company’s stock, valued at approximately $204,000.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of 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 in the second quarter valued at approximately $227,000. Wellington Management Group LLP increased its stake in Archer Daniels Midland by 17.9% during 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 during the period. Allianz Asset Management GmbH lifted its holdings in Archer Daniels Midland by 9.5% during the 1st quarter. Allianz Asset Management GmbH now owns 371,258 shares of the company’s stock worth $17,824,000 after buying an additional 32,110 shares in the last quarter. Finally, Candriam S.C.A. raised its stake in shares of Archer Daniels Midland by 27.4% in the first 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. 78.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADM has been the topic of a number of analyst reports. Morgan Stanley increased their price target 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. Zacks Research lowered shares of Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. UBS Group reiterated 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. Finally, Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $55.25.

Archer Daniels Midland Price Performance

ADM stock opened at $58.73 on Friday. The stock has a market cap of $28.22 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 4.78 and a beta of 0.70. Archer Daniels Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $65.00. 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 business has a 50 day moving average price of $60.84 and a 200 day moving average price of $56.16.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $20.37 billion for the quarter, compared to analysts’ expectations of $20.96 billion. During the same quarter last year, the company earned $1.09 earnings per share. The firm’s revenue for the quarter 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 fiscal year.

Archer Daniels Midland Dividend Announcement

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

Archer Daniels Midland 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.