Bank of New York Mellon Corp Grows Holdings in Archer Daniels Midland Company $ADM

Bank of New York Mellon Corp lifted its position in shares of Archer Daniels Midland Company (NYSE:ADMFree Report) by 4.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,921,977 shares of the company’s stock after buying an additional 118,699 shares during the quarter. Bank of New York Mellon Corp’s holdings in Archer Daniels Midland were worth $174,559,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. SOA Wealth Advisors LLC. purchased a new position in shares of Archer Daniels Midland during the 2nd quarter worth $25,000. Trust Co. of Vermont lifted its position in Archer Daniels Midland by 367.0% during the third quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock worth $30,000 after buying an additional 400 shares during the period. Trust Co. of Toledo NA OH acquired a new stake in Archer Daniels Midland in the 2nd quarter worth about $32,000. Elevation Point Wealth Partners LLC purchased a new stake in Archer Daniels Midland in the 2nd quarter valued at about $36,000. Finally, Evelyn Partners Investment Management Services Ltd acquired a new position in shares of Archer Daniels Midland during the 2nd quarter valued at about $37,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ADM shares. Zacks Research raised shares of Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. UBS Group reaffirmed a “buy” rating on shares of Archer Daniels Midland in a research note on Monday, December 15th. Morgan Stanley cut shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $57.00 to $50.00 in a research note on Tuesday, December 16th. JPMorgan Chase & Co. upped their price objective on Archer Daniels Midland from $59.00 to $60.00 and gave the stock an “underweight” rating in a report on Wednesday, January 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $54.50.

Check Out Our Latest Research Report on ADM

Archer Daniels Midland Stock Performance

NYSE:ADM opened at $67.28 on Friday. The firm’s fifty day simple moving average is $61.19 and its 200 day simple moving average is $60.19. The company has a current ratio of 1.37, a quick ratio of 0.92 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 $69.75. The firm has a market capitalization of $32.33 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 4.58 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADMGet Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $20.37 billion for the quarter, compared to analysts’ expectations of $20.96 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The firm’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, equities research analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, November 19th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 83.27%.

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About Archer Daniels Midland

(Free Report)

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.

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Institutional Ownership by Quarter for Archer Daniels Midland (NYSE:ADM)

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