Resona Asset Management Co. Ltd. Has $11.02 Million Stock Position in Archer Daniels Midland Company $ADM

Resona Asset Management Co. Ltd. cut its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 6.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 183,890 shares of the company’s stock after selling 11,813 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Archer Daniels Midland were worth $11,019,000 as of its most recent SEC filing.

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

Archer Daniels Midland Stock Performance

Shares of Archer Daniels Midland stock opened at $67.52 on Monday. The business has a 50-day moving average price of $60.34 and a two-hundred day moving average price of $59.82. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $68.06. The company has a current ratio of 1.37, a quick ratio of 0.92 and a debt-to-equity ratio of 0.29. The company has a market cap of $32.45 billion, a P/E ratio of 27.56, a PEG ratio of 4.62 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, November 4th. The company reported $0.92 EPS 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 for the quarter, compared to analyst estimates of $20.96 billion. During the same quarter in the prior year, the company earned $1.09 EPS. The firm’s revenue for the quarter 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, analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The business 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. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. Archer Daniels Midland’s dividend payout ratio (DPR) is 83.27%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. upped 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 report on Wednesday, January 21st. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday. Zacks Research downgraded Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Morgan Stanley lowered 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. Finally, UBS Group restated a “buy” rating on shares of Archer Daniels Midland in a research report on Monday, December 15th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $54.50.

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.