Mirae Asset Global Investments Co. Ltd. Raises Position in Archer Daniels Midland Company $ADM

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 10.9% during the second quarter, Holdings Channel reports. The institutional investor owned 508,956 shares of the company’s stock after acquiring an additional 49,954 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Archer Daniels Midland were worth $26,863,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. ASR Vermogensbeheer N.V. boosted its holdings in Archer Daniels Midland by 0.6% during the second quarter. ASR Vermogensbeheer N.V. now owns 152,223 shares of the company’s stock worth $8,034,000 after buying an additional 959 shares in the last quarter. Naples Global Advisors LLC boosted its holdings in Archer Daniels Midland by 5.8% during the second quarter. Naples Global Advisors LLC now owns 20,770 shares of the company’s stock worth $1,096,000 after buying an additional 1,139 shares in the last quarter. SOA Wealth Advisors LLC. purchased a new stake in Archer Daniels Midland during the second quarter worth about $25,000. Eagle Capital Management LLC purchased a new stake in Archer Daniels Midland during the second quarter worth about $386,000. Finally, PFG Investments LLC boosted its holdings in Archer Daniels Midland by 21.4% during the second quarter. PFG Investments LLC now owns 7,896 shares of the company’s stock worth $417,000 after buying an additional 1,392 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wall Street Zen raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Saturday, September 27th. UBS Group restated a “buy” rating and set a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. JPMorgan Chase & Co. assumed coverage on shares of Archer Daniels Midland in a research report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 target price for the company. Finally, Barclays upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $50.00 to $61.00 in a research report on Wednesday, August 6th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $55.50.

Archer Daniels Midland Stock Performance

NYSE:ADM opened at $60.97 on Friday. The firm has a 50 day simple moving average of $60.03 and a 200-day simple moving average of $53.23. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. The firm has a market cap of $29.29 billion, a PE ratio of 26.86, a P/E/G ratio of 3.15 and a beta of 0.70. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $64.38.

Archer Daniels Midland (NYSE:ADM) last posted 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. The business had revenue of $21.17 billion during the quarter, compared to analyst estimates of $21.56 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The company’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.03 earnings per share. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. On average, equities analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Wednesday, August 20th. Archer Daniels Midland’s payout ratio is presently 89.87%.

Archer Daniels Midland 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.