Cyndeo Wealth Partners LLC Raises Stake in Archer Daniels Midland Company $ADM

Cyndeo Wealth Partners LLC grew its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 0.1% in the second quarter, Holdings Channel reports. The firm owned 225,284 shares of the company’s stock after acquiring an additional 205 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Archer Daniels Midland were worth $11,890,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Handelsbanken Fonder AB purchased a new stake in shares of Archer Daniels Midland during the first quarter valued at $1,183,000. Bell Bank raised its holdings in shares of Archer Daniels Midland by 11.0% in the first quarter. Bell Bank now owns 167,536 shares of the company’s stock valued at $8,043,000 after acquiring an additional 16,558 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Archer Daniels Midland by 10.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 508,956 shares of the company’s stock valued at $26,863,000 after acquiring an additional 49,954 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Archer Daniels Midland in the first quarter valued at about $333,000. Finally, Perpetual Ltd bought a new stake in shares of Archer Daniels Midland in the second quarter valued at about $227,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Morgan Stanley lifted their price objective on Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, August 12th. JPMorgan Chase & Co. assumed coverage on Archer Daniels Midland in a report on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 price objective for the company. UBS Group restated a “buy” rating and issued a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday. Finally, Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $55.50.

Archer Daniels Midland Stock Performance

Shares of Archer Daniels Midland stock opened at $61.31 on Friday. The company has a market capitalization of $29.46 billion, a PE ratio of 27.01, a P/E/G ratio of 3.32 and a beta of 0.70. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. The company has a 50-day simple moving average of $60.64 and a two-hundred day simple moving average of $53.66. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $64.38.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.05. The business had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $21.56 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The firm’s revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. Research analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were paid a dividend of $0.51 per share. The ex-dividend date was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.3%. Archer Daniels Midland’s payout ratio is presently 89.87%.

Archer Daniels Midland Profile

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.