Resona Asset Management Co. Ltd. Raises Position in Archer Daniels Midland Company $ADM

Resona Asset Management Co. Ltd. boosted its position in Archer Daniels Midland Company (NYSE:ADM) by 7.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 195,703 shares of the company’s stock after purchasing an additional 13,664 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Archer Daniels Midland were worth $10,280,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Headlands Technologies LLC purchased a new position in shares of Archer Daniels Midland during the 1st quarter valued at $25,000. SOA Wealth Advisors LLC. purchased a new stake in Archer Daniels Midland during the second quarter valued at about $25,000. Trust Co. of Toledo NA OH bought a new position in Archer Daniels Midland during the second quarter worth about $32,000. Pandora Wealth Inc. purchased a new position in shares of Archer Daniels Midland in the first quarter worth about $39,000. Finally, ST Germain D J Co. Inc. bought a new stake in shares of Archer Daniels Midland in the second quarter valued at approximately $51,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer Daniels Midland Price Performance

Archer Daniels Midland stock opened at $56.84 on Friday. The stock has a market cap of $27.31 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 4.78 and a beta of 0.70. 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 business has a 50-day simple moving average of $61.20 and a 200 day simple moving average of $55.96. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $65.00.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) 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 firm had revenue of $20.37 billion during the quarter, compared to the consensus estimate of $20.96 billion. During the same quarter last year, the company posted $1.09 EPS. The company’s revenue for the quarter 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. On average, research analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

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 paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, November 19th. Archer Daniels Midland’s payout ratio is currently 83.27%.

Analyst Upgrades and Downgrades

ADM has been the subject of a number of recent research reports. UBS Group reiterated a “buy” rating and issued a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. Morgan Stanley raised their target price 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $59.00 price target (down from $61.00) on shares of Archer Daniels Midland in a report on Wednesday. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $55.25.

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.