Donoghue Forlines LLC Takes $2.11 Million Position in Archer Daniels Midland Company $ADM

Donoghue Forlines LLC bought a new position in shares of Archer Daniels Midland Company (NYSE:ADM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 35,362 shares of the company’s stock, valued at approximately $2,113,000.

Other large investors have also recently bought and sold shares of the company. SOA Wealth Advisors LLC. bought a new position in shares of Archer Daniels Midland during the second quarter valued at $25,000. Trust Co. of Vermont increased its position in shares of Archer Daniels Midland by 367.0% during the 3rd quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in Archer Daniels Midland during the 2nd quarter valued at about $32,000. Caldwell Trust Co grew its stake in Archer Daniels Midland by 44.7% during the third quarter. Caldwell Trust Co now owns 647 shares of the company’s stock worth $39,000 after buying an additional 200 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Archer Daniels Midland during the second quarter worth approximately $36,000. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Price Performance

Archer Daniels Midland stock opened at $65.13 on Friday. The business’s 50-day simple moving average is $59.45 and its 200 day simple moving average is $59.37. 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 $31.30 billion, a price-to-earnings ratio of 26.58, a P/E/G ratio of 4.54 and a beta of 0.70. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $66.63.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data 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. The firm had revenue of $20.37 billion during the quarter, compared to analysts’ expectations of $20.96 billion. Archer Daniels Midland had a return on equity of 8.01% and a net margin of 1.43%.The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.09 EPS. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. As a group, research analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were issued a $0.51 dividend. 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 dividend payout ratio is currently 83.27%.

Wall Street Analyst Weigh In

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

Archer Daniels Midland 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.