Archer Daniels Midland Company $ADM Stock Holdings Raised by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS raised its stake in Archer Daniels Midland Company (NYSE:ADM) by 6.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 481,338 shares of the company’s stock after acquiring an additional 28,800 shares during the period. KLP Kapitalforvaltning AS’s holdings in Archer Daniels Midland were worth $25,405,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Beacon Financial Advisory LLC increased its position in shares of Archer Daniels Midland by 1.0% in the 2nd quarter. Beacon Financial Advisory LLC now owns 18,505 shares of the company’s stock worth $977,000 after purchasing an additional 185 shares during the last quarter. Foundations Investment Advisors LLC increased its position in shares of Archer Daniels Midland by 5.4% in the 1st quarter. Foundations Investment Advisors LLC now owns 4,310 shares of the company’s stock worth $207,000 after purchasing an additional 220 shares during the last quarter. Capital Advisors Ltd. LLC increased its position in shares of Archer Daniels Midland by 43.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company’s stock worth $38,000 after purchasing an additional 237 shares during the last quarter. Sagespring Wealth Partners LLC increased its position in shares of Archer Daniels Midland by 4.1% in the 1st quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company’s stock worth $289,000 after purchasing an additional 239 shares during the last quarter. Finally, Uncommon Cents Investing LLC increased its position in shares of Archer Daniels Midland by 0.3% in the 2nd quarter. Uncommon Cents Investing LLC now owns 94,659 shares of the company’s stock worth $4,996,000 after purchasing an additional 249 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Trading Up 0.7%

Archer Daniels Midland stock opened at $62.86 on Wednesday. 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 firm has a 50-day moving average price of $60.36 and a two-hundred day moving average price of $53.50. The firm has a market capitalization of $30.20 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 3.33 and a beta of 0.70. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $64.38.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.05. The firm had revenue of $21.17 billion during the quarter, compared to analyst estimates of $21.56 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. Archer Daniels Midland’s revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. Sell-side 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 announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, August 20th. Archer Daniels Midland’s payout ratio is presently 89.87%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ADM. JPMorgan Chase & Co. assumed coverage on shares of Archer Daniels Midland in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Saturday, September 27th. UBS Group reaffirmed a “buy” rating and set a $70.00 price objective (up previously from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Morgan Stanley boosted their price objective on shares of 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. Finally, Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $55.50.

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.