iA Global Asset Management Inc. Makes New Investment in Archer Daniels Midland Company $ADM

iA Global Asset Management Inc. bought a new stake in shares of Archer Daniels Midland Company (NYSE:ADM) during the 3rd quarter, Holdings Channel reports. The fund bought 34,474 shares of the company’s stock, valued at approximately $2,059,000.

Other large investors have also added to or reduced their stakes in the company. Dodge & Cox bought a new position in Archer Daniels Midland in the 2nd quarter worth $345,689,000. Norges Bank bought a new position in Archer Daniels Midland in the second quarter worth about $340,247,000. Pacer Advisors Inc. boosted its position in Archer Daniels Midland by 8,609.3% during the 3rd quarter. Pacer Advisors Inc. now owns 4,405,427 shares of the company’s stock valued at $263,180,000 after acquiring an additional 4,354,844 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Archer Daniels Midland by 3.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 18,076,118 shares of the company’s stock worth $954,058,000 after acquiring an additional 620,794 shares during the period. Finally, PGGM Investments raised its position in shares of Archer Daniels Midland by 94.8% in the 2nd quarter. PGGM Investments now owns 830,238 shares of the company’s stock worth $43,820,000 after acquiring an additional 404,100 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

ADM has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on Archer Daniels Midland from $59.00 to $60.00 and gave the stock an “underweight” rating in a research note on Wednesday. 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 restated a “buy” rating on shares of Archer Daniels Midland in a report on Monday, December 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday. Finally, Morgan Stanley lowered Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $57.00 to $50.00 in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Archer Daniels Midland currently has an average rating of “Reduce” and a consensus target price of $54.50.

Archer Daniels Midland Price Performance

Shares of NYSE ADM opened at $67.52 on Friday. The company has a 50 day moving average of $60.34 and a 200 day moving average of $59.78. The company has a quick ratio of 0.92, a current ratio of 1.37 and a debt-to-equity ratio of 0.29. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $68.06. The firm has a market cap of $32.45 billion, a P/E ratio of 27.56, a PEG ratio of 4.71 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. Archer Daniels Midland had a return on equity of 8.01% and a net margin of 1.43%.The firm had revenue of $20.37 billion during the quarter, compared to analysts’ expectations of $20.96 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. The company’s revenue 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. As a group, research analysts expect 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 was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were given a dividend of $0.51 per share. The ex-dividend date was Wednesday, November 19th. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. Archer Daniels Midland’s dividend payout ratio is 83.27%.

Archer Daniels Midland Company Profile

Archer Daniels Midland Company (ADM) is a global agricultural processor and food-ingredient provider that sources, transports and processes oilseeds, corn, wheat and other agricultural commodities. The company operates large-scale crushing, refining and processing facilities that produce vegetable oils, protein meals, corn sweeteners, starches, ethanol, animal feeds and a wide range of food and industrial ingredients. ADM also develops specialty ingredients and solutions for human and animal nutrition, food and beverage formulation, and industrial applications such as bio-based materials and renewable fuels.

ADM’s business combines commodity origination and merchandising with downstream manufacturing and ingredient formulation.