Fifth Third Bancorp Acquires 3,410 Shares of Archer Daniels Midland Company $ADM

Fifth Third Bancorp raised its holdings in Archer Daniels Midland Company (NYSE:ADM) by 25.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,662 shares of the company’s stock after buying an additional 3,410 shares during the quarter. Fifth Third Bancorp’s holdings in Archer Daniels Midland were worth $879,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ADM. Charles Schwab Investment Management Inc. increased its holdings in Archer Daniels Midland by 350.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company’s stock valued at $838,030,000 after buying an additional 13,579,379 shares during the period. Wellington Management Group LLP increased its holdings in 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 valued at $1,197,568,000 after buying an additional 3,791,597 shares during the period. Nuveen LLC bought a new stake in Archer Daniels Midland in the 1st quarter valued at $81,306,000. Invesco Ltd. increased its holdings in Archer Daniels Midland by 8.5% in the 1st quarter. Invesco Ltd. now owns 7,753,585 shares of the company’s stock valued at $372,250,000 after buying an additional 607,767 shares during the period. Finally, Northern Trust Corp grew its holdings 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 worth $549,634,000 after purchasing an additional 413,314 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Stock Down 0.7%

Shares of NYSE ADM opened at $60.62 on Monday. The firm’s 50-day simple moving average is $59.58 and its 200 day simple moving average is $52.88. The company has a market cap of $29.13 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 3.23 and a beta of 0.68. 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 Company has a 12-month low of $40.98 and a 12-month high of $64.38.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.05. The business had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $21.56 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. On average, research analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm 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 was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a yield of 3.4%. Archer Daniels Midland’s dividend payout ratio is presently 89.87%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ADM. Wall Street Zen raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. JPMorgan Chase & Co. began coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 target price on the stock. Morgan Stanley upped their target price 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. UBS Group reaffirmed 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, Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $55.50.

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.