ASR Vermogensbeheer N.V. Increases Stock Position in Archer Daniels Midland Company $ADM

ASR Vermogensbeheer N.V. boosted its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 9.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 166,883 shares of the company’s stock after buying an additional 14,660 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Archer Daniels Midland were worth $9,969,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its holdings in Archer Daniels Midland by 193.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 557,621 shares of the company’s stock worth $33,312,000 after acquiring an additional 367,293 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Archer Daniels Midland by 10.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 508,956 shares of the company’s stock worth $26,863,000 after buying an additional 49,954 shares in the last quarter. Perpetual Ltd acquired a new position in Archer Daniels Midland during the second quarter worth about $227,000. Generali Asset Management SPA SGR increased its holdings in Archer Daniels Midland by 146.4% in the third quarter. Generali Asset Management SPA SGR now owns 41,989 shares of the company’s stock valued at $2,508,000 after buying an additional 24,946 shares in the last quarter. Finally, Inspire Advisors LLC purchased a new stake in shares of Archer Daniels Midland during the 2nd quarter worth approximately $3,060,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer Daniels Midland Stock Performance

Shares of ADM stock opened at $65.13 on Friday. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $66.63. The firm has a market capitalization of $31.30 billion, a P/E ratio of 26.58, a P/E/G ratio of 4.54 and a beta of 0.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.37 and a quick ratio of 0.92. The company’s fifty day moving average price is $59.45 and its two-hundred day moving average price is $59.37.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share 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 the consensus estimate of $20.96 billion. During the same quarter in the previous year, the firm earned $1.09 EPS. The company’s revenue was up 2.2% on a year-over-year basis. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. On average, research analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Wednesday, November 19th. Archer Daniels Midland’s payout ratio is 83.27%.

Analyst Ratings Changes

ADM has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. Morgan Stanley downgraded Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $57.00 to $50.00 in a research note on Tuesday, December 16th. Zacks Research cut shares of Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. restated an “underweight” rating and set a $59.00 target price (down previously from $61.00) on shares of Archer Daniels Midland in a research report on Wednesday, November 5th. Finally, UBS Group reaffirmed a “buy” rating on shares of Archer Daniels Midland in a report on Monday, December 15th. One 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, Archer Daniels Midland has an average rating of “Reduce” and a consensus 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.