Envestnet Asset Management Inc. Buys 15,552 Shares of Archer Daniels Midland Company $ADM

Envestnet Asset Management Inc. lifted its stake in Archer Daniels Midland Company (NYSE:ADM) by 18.1% during the second quarter, Holdings Channel reports. The fund owned 101,348 shares of the company’s stock after acquiring an additional 15,552 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Archer Daniels Midland were worth $5,349,000 as of its most recent filing with the SEC.

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

Archer Daniels Midland Stock Performance

NYSE ADM opened at $57.72 on Thursday. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month 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 stock has a market cap of $27.74 billion, a P/E ratio of 25.43, a PEG ratio of 4.78 and a beta of 0.70. The company’s 50-day simple moving average is $60.90 and its 200 day simple moving average is $56.14.

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, beating analysts’ consensus estimates of $0.89 by $0.03. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The company had revenue of $20.37 billion for the quarter, compared to the consensus estimate of $20.96 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The company’s quarterly 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 forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Morgan Stanley lifted their price objective on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. UBS Group reiterated a “buy” rating and set a $70.00 price target (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $59.00 price objective (down from $61.00) on shares of Archer Daniels Midland in a research report on Wednesday, November 5th. Wall Street Zen raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $55.25.

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.