OLD National Bancorp IN Has $481,000 Position in Archer Daniels Midland Company $ADM

OLD National Bancorp IN reduced its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 31.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,109 shares of the company’s stock after selling 4,211 shares during the period. OLD National Bancorp IN’s holdings in Archer Daniels Midland were worth $481,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. SOA Wealth Advisors LLC. acquired a new stake in Archer Daniels Midland during the 2nd quarter worth about $25,000. S.A. Mason LLC acquired a new stake in shares of Archer Daniels Midland in the 1st quarter valued at about $25,000. Headlands Technologies LLC acquired a new stake in shares of Archer Daniels Midland in the 1st quarter valued at about $25,000. ORG Partners LLC grew its stake in shares of Archer Daniels Midland by 297.2% in the 1st quarter. ORG Partners LLC now owns 699 shares of the company’s stock valued at $34,000 after buying an additional 523 shares during the period. Finally, NBC Securities Inc. acquired a new stake in shares of Archer Daniels Midland in the 1st quarter valued at about $37,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Price Performance

ADM stock opened at $62.86 on Wednesday. The company has a market capitalization of $30.20 billion, a P/E ratio of 27.69, a price-to-earnings-growth ratio of 3.33 and a beta of 0.70. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $64.38. The business has a 50-day simple moving average of $60.36 and a two-hundred day simple moving average of $53.50.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $21.56 billion. During the same quarter last year, the firm earned $1.03 EPS. The company’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. Research analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal 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 given a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.04 annualized dividend and a dividend yield of 3.2%. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 89.87%.

Wall Street Analyst Weigh In

ADM has been the subject of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Saturday, September 27th. JPMorgan Chase & Co. initiated coverage on Archer Daniels Midland in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 target price for the company. UBS Group restated a “buy” rating and issued a $70.00 target price (up from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Wall Street Zen upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Morgan Stanley lifted their price target on Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus 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.