Archer Daniels Midland Company $ADM Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC boosted its position in Archer Daniels Midland Company (NYSE:ADM) by 1.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 149,169 shares of the company’s stock after purchasing an additional 1,739 shares during the period. Voya Investment Management LLC’s holdings in Archer Daniels Midland were worth $7,162,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP grew its stake in shares of Archer Daniels Midland by 17.9% in the 1st quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company’s stock worth $1,197,568,000 after purchasing an additional 3,791,597 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Archer Daniels Midland by 350.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company’s stock worth $838,030,000 after acquiring an additional 13,579,379 shares in the last quarter. Northern Trust Corp boosted its position in shares of Archer Daniels Midland by 3.7% in the 1st quarter. Northern Trust Corp now owns 11,448,325 shares of the company’s stock valued at $549,634,000 after purchasing an additional 413,314 shares during the period. Invesco Ltd. increased its stake in Archer Daniels Midland by 8.5% in the 1st quarter. Invesco Ltd. now owns 7,753,585 shares of the company’s stock worth $372,250,000 after purchasing an additional 607,767 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Archer Daniels Midland by 6.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,015,752 shares of the company’s stock worth $144,783,000 after buying an additional 184,852 shares during the period. Institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Price Performance

NYSE ADM opened at $61.07 on Thursday. The company has a 50 day moving average price of $58.66 and a two-hundred day moving average price of $52.17. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $64.38. The stock has a market capitalization of $29.34 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 3.32 and a beta of 0.69. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, beating 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 business had revenue of $21.17 billion during the quarter, compared to analyst estimates of $21.56 billion. During the same quarter in the previous year, the business earned $1.03 EPS. Archer Daniels Midland’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. As a group, equities analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.3%. The ex-dividend date was Wednesday, August 20th. Archer Daniels Midland’s dividend payout ratio (DPR) is 89.87%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. started coverage on shares of Archer Daniels Midland in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 price objective for the company. Barclays raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. Wall Street Zen upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. UBS Group reiterated a “buy” rating and issued a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Finally, Morgan Stanley raised their price target on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.