Geode Capital Management LLC Has $654.77 Million Stock Holdings in Archer Daniels Midland Company $ADM

Geode Capital Management LLC grew its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 2.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,457,546 shares of the company’s stock after purchasing an additional 283,207 shares during the quarter. Geode Capital Management LLC owned about 2.59% of Archer Daniels Midland worth $654,772,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. SOA Wealth Advisors LLC. bought a new stake in Archer Daniels Midland during the second quarter worth $25,000. Headlands Technologies LLC bought a new position in shares of Archer Daniels Midland in the 1st quarter valued at about $25,000. Trust Co. of Toledo NA OH acquired a new position in shares of Archer Daniels Midland during the 2nd quarter worth about $32,000. Pandora Wealth Inc. acquired a new stake in Archer Daniels Midland in the 1st quarter valued at about $39,000. Finally, ST Germain D J Co. Inc. acquired a new stake in Archer Daniels Midland in the 2nd quarter valued at about $51,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ADM. UBS Group restated a “buy” rating and issued a $70.00 price objective (up previously from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Zacks Research cut Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. Barclays upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $59.00 target price (down previously from $61.00) on shares of Archer Daniels Midland in a report on Wednesday, November 5th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Archer Daniels Midland presently has an average rating of “Reduce” and an average price target of $55.25.

Archer Daniels Midland Trading Down 0.4%

ADM stock opened at $58.62 on Friday. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $65.00. The company has a market capitalization of $28.17 billion, a PE ratio of 25.82, a price-to-earnings-growth ratio of 4.78 and a beta of 0.70. The company’s 50-day simple moving average is $60.75 and its 200 day simple moving average is $56.23. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $20.37 billion during the quarter, compared to the consensus estimate of $20.96 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The business’s revenue for the quarter 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, sell-side 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 dividend on an annualized basis and a yield of 3.5%. Archer Daniels Midland’s dividend payout ratio is currently 83.27%.

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.