Humankind Investments LLC Purchases 47,314 Shares of Archer Daniels Midland Company $ADM

Humankind Investments LLC raised its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 90.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 99,376 shares of the company’s stock after purchasing an additional 47,314 shares during the quarter. Archer Daniels Midland comprises about 1.3% of Humankind Investments LLC’s investment portfolio, making the stock its 16th biggest holding. Humankind Investments LLC’s holdings in Archer Daniels Midland were worth $5,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. SOA Wealth Advisors LLC. bought a new position in Archer Daniels Midland during the second quarter valued at $25,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Archer Daniels Midland during the 2nd quarter valued at about $32,000. Elevation Point Wealth Partners LLC bought a new position in shares of Archer Daniels Midland in the 2nd quarter valued at about $36,000. Vermillion & White Wealth Management Group LLC grew its position in Archer Daniels Midland by 61.2% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 698 shares of the company’s stock worth $37,000 after acquiring an additional 265 shares in the last quarter. Finally, Evelyn Partners Investment Management Services Ltd bought a new stake in Archer Daniels Midland during the second quarter worth approximately $37,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer Daniels Midland Stock Performance

Shares of Archer Daniels Midland stock opened at $60.04 on Friday. 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 stock’s fifty day moving average price is $60.14 and its 200-day moving average price is $57.73. The firm has a market cap of $28.85 billion, a P/E ratio of 24.51, a P/E/G ratio of 5.08 and a beta of 0.70. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $65.00.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. The business had revenue of $20.37 billion for 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 business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 EPS. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. On average, equities research analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Wednesday, November 19th were paid 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 dividend yield of 3.4%. Archer Daniels Midland’s payout ratio is presently 83.27%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ADM shares. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $59.00 target price (down previously from $61.00) on shares of Archer Daniels Midland in a report on Wednesday, November 5th. Zacks Research lowered shares of Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $55.25.

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.