Kestra Investment Management LLC Has $146,000 Stock Holdings in Archer Daniels Midland Company $ADM

Kestra Investment Management LLC increased its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 828.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,035 shares of the company’s stock after buying an additional 2,708 shares during the quarter. Kestra Investment Management LLC’s holdings in Archer Daniels Midland were worth $146,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB acquired a new stake in Archer Daniels Midland during the first quarter valued at approximately $1,183,000. Bell Bank boosted its holdings in Archer Daniels Midland by 11.0% during the first quarter. Bell Bank now owns 167,536 shares of the company’s stock valued at $8,043,000 after purchasing an additional 16,558 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Archer Daniels Midland during the first quarter valued at approximately $333,000. Sarasin & Partners LLP acquired a new stake in Archer Daniels Midland during the first quarter valued at approximately $1,200,000. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Archer Daniels Midland by 18.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 167,515 shares of the company’s stock valued at $8,042,000 after purchasing an additional 26,328 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Performance

ADM stock opened at $62.16 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. The company has a 50 day moving average price of $57.87 and a 200 day moving average price of $51.63. Archer Daniels Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $64.38. The stock has a market capitalization of $29.86 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 3.32 and a beta of 0.68.

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

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, August 20th. Archer Daniels Midland’s payout ratio is 89.87%.

Analyst Ratings Changes

ADM has been the topic of a number of recent research reports. Barclays raised 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. Wall Street Zen upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. UBS Group reiterated a “buy” rating and issued a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. JPMorgan Chase & Co. began coverage on shares of Archer Daniels Midland in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 target price for the company. Finally, Morgan Stanley lifted their target price on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $55.50.

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.