Janney Montgomery Scott LLC Increases Stock Position in Archer Daniels Midland Company $ADM

Janney Montgomery Scott LLC boosted its stake in Archer Daniels Midland Company (NYSE:ADM) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,579 shares of the company’s stock after purchasing an additional 1,224 shares during the quarter. Janney Montgomery Scott LLC owned about 0.05% of Archer Daniels Midland worth $12,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. S.A. Mason LLC purchased a new stake in Archer Daniels Midland in the first quarter valued at approximately $25,000. Headlands Technologies LLC purchased a new stake in Archer Daniels Midland in the first quarter valued at approximately $25,000. ORG Partners LLC raised 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 worth $34,000 after acquiring an additional 523 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of Archer Daniels Midland in the 1st quarter worth approximately $37,000. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Archer Daniels Midland by 43.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company’s stock worth $38,000 after acquiring an additional 237 shares during the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Archer Daniels Midland Price Performance

ADM opened at $60.97 on Friday. The stock has a 50-day moving average price of $60.03 and a 200-day moving average price 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 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 firm 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 quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. Sell-side 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 firm also recently disclosed 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 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 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.