Archer Daniels Midland Company $ADM Position Boosted by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR boosted its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 146.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,989 shares of the company’s stock after purchasing an additional 24,946 shares during the period. Generali Asset Management SPA SGR’s holdings in Archer Daniels Midland were worth $2,508,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Dodge & Cox acquired a new stake in shares of Archer Daniels Midland during the 2nd quarter valued at $345,689,000. Norges Bank acquired a new stake in shares of Archer Daniels Midland during the second quarter worth $340,247,000. Pacer Advisors Inc. lifted its holdings in shares of Archer Daniels Midland by 8,609.3% during the third quarter. Pacer Advisors Inc. now owns 4,405,427 shares of the company’s stock valued at $263,180,000 after purchasing an additional 4,354,844 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in shares of Archer Daniels Midland during the second quarter valued at $39,094,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Archer Daniels Midland by 3.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 18,076,118 shares of the company’s stock valued at $954,058,000 after purchasing an additional 620,794 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Trading Up 2.7%

Archer Daniels Midland stock opened at $59.03 on Friday. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month 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 stock has a market cap of $28.37 billion, a P/E ratio of 24.09, a P/E/G ratio of 4.04 and a beta of 0.70. The company’s fifty day simple moving average is $58.88 and its 200-day simple moving average is $58.74.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data 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 return on equity of 8.01% and a net margin of 1.43%.The business had revenue of $20.37 billion during the quarter, compared to analyst estimates of $20.96 billion. During the same period last year, the company earned $1.09 earnings per share. Archer Daniels Midland’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. As a group, sell-side analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

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

Wall Street Analyst Weigh In

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

About Archer Daniels Midland

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.