Allstate Corp Acquires New Stake in Archer Daniels Midland Company $ADM

Allstate Corp bought a new position in shares of Archer Daniels Midland Company (NYSE:ADM) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 17,484 shares of the company’s stock, valued at approximately $1,044,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ADM. SOA Wealth Advisors LLC. acquired a new stake in Archer Daniels Midland in the 2nd quarter valued at about $25,000. Trust Co. of Vermont increased its holdings in shares of Archer Daniels Midland by 367.0% in the third quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in Archer Daniels Midland during the second quarter worth approximately $32,000. Elevation Point Wealth Partners LLC acquired a new position in Archer Daniels Midland during the second quarter worth $36,000. Finally, Evelyn Partners Investment Management Services Ltd purchased a new stake in Archer Daniels Midland in the 2nd quarter valued at $37,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group reiterated a “buy” rating on shares of Archer Daniels Midland in a report on Monday, December 15th. JPMorgan Chase & Co. increased their price target on shares of Archer Daniels Midland from $59.00 to $60.00 and gave the company an “underweight” rating in a research note on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. Zacks Research cut Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Finally, Morgan Stanley lowered 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 report on Tuesday, December 16th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Archer Daniels Midland currently has a consensus rating of “Reduce” and a consensus price target of $54.50.

Archer Daniels Midland Price Performance

ADM opened at $67.72 on Thursday. The stock’s 50-day moving average price is $60.00 and its 200 day moving average price is $59.60. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $67.84. The firm has a market cap of $32.54 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 4.60 and a beta of 0.70. The company has a current ratio of 1.37, a quick ratio of 0.92 and a debt-to-equity ratio of 0.29.

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, beating 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 company had revenue of $20.37 billion during the quarter, compared to the consensus estimate of $20.96 billion. During the same period in the previous year, the company posted $1.09 EPS. Archer Daniels Midland’s 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 expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th were issued a dividend of $0.51 per share. The ex-dividend date was Wednesday, November 19th. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. Archer Daniels Midland’s dividend payout ratio is 83.27%.

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.