Sound Income Strategies LLC Makes New Investment in Archer Daniels Midland Company $ADM

Sound Income Strategies LLC purchased a new position in Archer Daniels Midland Company (NYSE:ADM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 47,918 shares of the company’s stock, valued at approximately $2,938,000.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. boosted its holdings in shares of Archer Daniels Midland by 16.8% during the 1st quarter. Raymond James Financial Inc. now owns 590,183 shares of the company’s stock valued at $28,335,000 after acquiring an additional 84,829 shares during the last quarter. Summit Financial LLC lifted its position in Archer Daniels Midland by 11.0% during the first quarter. Summit Financial LLC now owns 16,682 shares of the company’s stock valued at $801,000 after purchasing an additional 1,647 shares during the period. Norinchukin Bank The boosted its holdings in Archer Daniels Midland by 13.8% in the first quarter. Norinchukin Bank The now owns 22,843 shares of the company’s stock worth $1,097,000 after purchasing an additional 2,775 shares during the last quarter. 1832 Asset Management L.P. grew its position in Archer Daniels Midland by 18.1% in the 1st quarter. 1832 Asset Management L.P. now owns 47,252 shares of the company’s stock worth $2,269,000 after purchasing an additional 7,232 shares during the period. Finally, Allstate Corp raised its stake in Archer Daniels Midland by 13.0% during the 1st quarter. Allstate Corp now owns 16,083 shares of the company’s stock valued at $772,000 after buying an additional 1,850 shares during the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer Daniels Midland Stock Down 0.1%

NYSE ADM opened at $58.26 on Monday. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $65.00. The company has a quick ratio of 0.92, a current ratio of 1.37 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $28.00 billion, a P/E ratio of 23.78, a price-to-earnings-growth ratio of 4.96 and a beta of 0.70. The stock’s 50-day moving average price is $59.82 and its 200-day moving average price is $58.24.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. Archer Daniels Midland had a net margin of 1.43% and a return on equity of 8.01%. The company had revenue of $20.37 billion during the quarter, compared to analyst estimates of $20.96 billion. During the same period in the prior year, the firm posted $1.09 EPS. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. On average, equities research analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Wednesday, November 19th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Wednesday, November 19th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 83.27%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ADM. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. UBS Group reissued a “buy” rating on shares of Archer Daniels Midland in a research report on Monday, December 15th. JPMorgan Chase & Co. restated an “underweight” rating and set a $59.00 price target (down from $61.00) on shares of Archer Daniels Midland in a research note on Wednesday, November 5th. Morgan Stanley cut shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $57.00 to $50.00 in a research note on Tuesday, December 16th. Finally, Zacks Research lowered shares of Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $54.38.

Archer Daniels Midland Company Profile

Archer Daniels Midland Company (ADM) is a global agricultural processor and food-ingredient provider that sources, transports and processes oilseeds, corn, wheat and other agricultural commodities. The company operates large-scale crushing, refining and processing facilities that produce vegetable oils, protein meals, corn sweeteners, starches, ethanol, animal feeds and a wide range of food and industrial ingredients. ADM also develops specialty ingredients and solutions for human and animal nutrition, food and beverage formulation, and industrial applications such as bio-based materials and renewable fuels.

ADM’s business combines commodity origination and merchandising with downstream manufacturing and ingredient formulation.