Caisse DE Depot ET Placement DU Quebec Has $7.51 Million Stock Position in Archer Daniels Midland Company $ADM

Caisse DE Depot ET Placement DU Quebec raised its holdings in Archer Daniels Midland Company (NYSE:ADM) by 68.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 156,410 shares of the company’s stock after acquiring an additional 63,500 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Archer Daniels Midland were worth $7,509,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Handelsbanken Fonder AB acquired a new stake in shares of Archer Daniels Midland during the first quarter worth $1,183,000. Bell Bank increased its position in shares of Archer Daniels Midland by 11.0% during the first quarter. Bell Bank now owns 167,536 shares of the company’s stock worth $8,043,000 after buying an additional 16,558 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Archer Daniels Midland during the first quarter worth $333,000. Sarasin & Partners LLP acquired a new stake in shares of Archer Daniels Midland during the first quarter worth $1,200,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Archer Daniels Midland by 18.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 167,515 shares of the company’s stock worth $8,042,000 after buying an additional 26,328 shares during the period. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Down 0.2%

Archer Daniels Midland stock opened at $62.71 on Thursday. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $64.38. The firm has a market capitalization of $30.13 billion, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 3.35 and a beta of 0.68. The firm’s fifty day moving average price is $56.22 and its two-hundred day moving average price is $50.59. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.05. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The firm had revenue of $21.17 billion for the quarter, compared to analyst estimates of $21.56 billion. During the same period last year, the firm earned $1.03 earnings per share. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. On average, equities research analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 20th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 89.87%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ADM shares. Morgan Stanley raised their price target on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. Barclays upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. JPMorgan Chase & Co. started coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 price target for the company. Bank of America cut shares of Archer Daniels Midland from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Finally, Wall Street Zen upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.