iA Global Asset Management Inc. Invests $2.06 Million in Archer Daniels Midland Company $ADM

iA Global Asset Management Inc. acquired a new position in Archer Daniels Midland Company (NYSE:ADM) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 34,474 shares of the company’s stock, valued at approximately $2,059,000.

A number of other institutional investors have also added to or reduced their stakes in the business. SOA Wealth Advisors LLC. bought a new stake in shares of Archer Daniels Midland during the 2nd quarter valued at about $25,000. Trust Co. of Vermont raised its stake in 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 in the last quarter. Trust Co. of Toledo NA OH bought a new stake in Archer Daniels Midland during the second quarter valued at approximately $32,000. Elevation Point Wealth Partners LLC purchased a new position in Archer Daniels Midland in the 2nd quarter worth approximately $36,000. Finally, Evelyn Partners Investment Management Services Ltd bought a new position in shares of Archer Daniels Midland in the 2nd quarter worth $37,000. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Trading Up 0.6%

Shares of ADM stock opened at $67.52 on Friday. The business has a 50-day moving average of $60.34 and a 200 day moving average of $59.78. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.37 and a quick ratio of 0.92. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $68.06. The stock has a market capitalization of $32.45 billion, a PE ratio of 27.56, a P/E/G ratio of 4.71 and a beta of 0.70.

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, 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 firm had revenue of $20.37 billion during the quarter, compared to the consensus estimate of $20.96 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. As a group, sell-side analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Shareholders 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 yield of 3.0%. Archer Daniels Midland’s dividend payout ratio is presently 83.27%.

Analysts Set New Price Targets

Several brokerages recently issued reports on ADM. UBS Group reiterated a “buy” rating on shares of Archer Daniels Midland in a research report on Monday, December 15th. JPMorgan Chase & Co. upped their price objective on Archer Daniels Midland from $59.00 to $60.00 and gave the stock an “underweight” rating in a report on Wednesday. Morgan Stanley cut Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $57.00 to $50.00 in a report on Tuesday, December 16th. Zacks Research downgraded Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $54.50.

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.