Cromwell Holdings LLC Boosts Holdings in Archer Daniels Midland Company $ADM

Cromwell Holdings LLC raised its holdings in Archer Daniels Midland Company (NYSE:ADM) by 70.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,449 shares of the company’s stock after acquiring an additional 600 shares during the period. Cromwell Holdings LLC’s holdings in Archer Daniels Midland were worth $76,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the business. S.A. Mason LLC purchased a new stake in shares of Archer Daniels Midland during the 1st quarter worth about $25,000. Headlands Technologies LLC purchased a new stake in shares of Archer Daniels Midland during the 1st quarter worth about $25,000. SOA Wealth Advisors LLC. purchased a new stake in shares of Archer Daniels Midland during the 2nd quarter worth about $25,000. ORG Partners LLC boosted its stake in shares of Archer Daniels Midland by 297.2% during the 1st quarter. ORG Partners LLC now owns 699 shares of the company’s stock worth $34,000 after acquiring an additional 523 shares in the last quarter. Finally, NBC Securities Inc. purchased a new stake in shares of Archer Daniels Midland during the 1st quarter worth about $37,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Morgan Stanley increased their target price on shares of 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. Wall Street Zen raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $50.00 to $61.00 in a research note on Wednesday, August 6th. JPMorgan Chase & Co. started coverage on shares of Archer Daniels Midland in a research report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 price target for the company. Finally, UBS Group restated a “buy” rating and set a $70.00 price target (up previously from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $55.50.

Archer Daniels Midland Stock Down 0.3%

ADM opened at $59.09 on Friday. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $64.38. 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 company has a 50-day moving average price of $59.92 and a 200 day moving average price of $53.14. The company has a market cap of $28.39 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 3.16 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.05. The company had revenue of $21.17 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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 fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were issued a $0.51 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. Archer Daniels Midland’s dividend payout ratio is presently 89.87%.

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.