Oak Thistle LLC Raises Stock Holdings in Archer Daniels Midland Company $ADM

Oak Thistle LLC boosted its position in Archer Daniels Midland Company (NYSE:ADM) by 356.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,919 shares of the company’s stock after purchasing an additional 16,332 shares during the quarter. Oak Thistle LLC’s holdings in Archer Daniels Midland were worth $1,250,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ADM. SOA Wealth Advisors LLC. bought a new position in shares of Archer Daniels Midland in the 2nd quarter worth about $25,000. Trust Co. of Toledo NA OH purchased a new stake in Archer Daniels Midland in the second quarter worth about $32,000. Elevation Point Wealth Partners LLC bought a new position in shares of Archer Daniels Midland during the second quarter valued at approximately $36,000. Evelyn Partners Investment Management Services Ltd purchased a new position in shares of Archer Daniels Midland during the second quarter valued at approximately $37,000. Finally, Vermillion & White Wealth Management Group LLC boosted its position in shares of Archer Daniels Midland by 61.2% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 698 shares of the company’s stock worth $37,000 after purchasing an additional 265 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Price Performance

Shares of NYSE:ADM opened at $58.37 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.92 and a current ratio of 1.37. The firm has a market cap of $28.05 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 4.98 and a beta of 0.70. The business has a 50-day simple moving average of $59.87 and a two-hundred day simple moving average of $58.02. Archer Daniels Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $65.00.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The firm had revenue of $20.37 billion during the quarter, compared to analyst estimates of $20.96 billion. Archer Daniels Midland had a net margin of 1.43% and a return on equity of 8.01%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.09 earnings per share. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. On average, analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $59.00 price objective (down previously from $61.00) on shares of Archer Daniels Midland in a research report on Wednesday, November 5th. Morgan Stanley downgraded Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $57.00 to $50.00 in a report on Tuesday. UBS Group reiterated a “buy” rating on shares of Archer Daniels Midland in a research note on Monday. 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $54.38.

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.