State of Wyoming Buys 785 Shares of Archer Daniels Midland Company $ADM

State of Wyoming boosted its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 10.6% during the 1st quarter, HoldingsChannel reports. The fund owned 8,156 shares of the company’s stock after purchasing an additional 785 shares during the period. State of Wyoming’s holdings in Archer Daniels Midland were worth $392,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. S.A. Mason LLC bought a new stake in Archer Daniels Midland during the first quarter worth approximately $25,000. Headlands Technologies LLC bought a new position in shares of Archer Daniels Midland during the first quarter valued at approximately $25,000. ORG Partners LLC grew its stake in shares of Archer Daniels Midland by 297.2% during the first 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 last quarter. NBC Securities Inc. bought a new position in shares of Archer Daniels Midland during the first quarter valued at approximately $37,000. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Archer Daniels Midland by 43.4% during the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company’s stock valued at $38,000 after buying an additional 237 shares during the last quarter. 78.28% of the stock is owned by institutional investors.

Archer Daniels Midland Stock Down 0.1%

Shares of NYSE ADM opened at $62.63 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. The firm has a market capitalization of $30.09 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 3.34 and a beta of 0.68. The stock has a 50 day moving average price of $56.57 and a 200 day moving average price of $50.89. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $64.38.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.05. The company had revenue of $21.17 billion during the quarter, compared to analyst estimates of $21.56 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.Archer Daniels Midland’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 earnings per share. 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 year.

Archer Daniels Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Wednesday, August 20th. Archer Daniels Midland’s dividend payout ratio is currently 89.87%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ADM shares. Wall Street Zen raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Morgan Stanley upped their target price 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. JPMorgan Chase & Co. started coverage on Archer Daniels Midland in a research note on Wednesday, August 20th. They set a “neutral” rating and a $61.00 target price on the stock. UBS Group reaffirmed a “buy” rating and set a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Finally, Bank of America lowered Archer Daniels Midland from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $47.00 to $45.00 in a report on Thursday, May 8th. One equities 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, the stock presently has a consensus rating of “Hold” and an average target price of $55.50.

About Archer Daniels Midland

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.