Oak Thistle LLC Boosts Stock Position in Archer Daniels Midland Company $ADM

Oak Thistle LLC lifted its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 356.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,919 shares of the company’s stock after buying an additional 16,332 shares during the period. Oak Thistle LLC’s holdings in Archer Daniels Midland were worth $1,250,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ADM. Beacon Financial Advisory LLC grew its position in Archer Daniels Midland by 1.0% during the second quarter. Beacon Financial Advisory LLC now owns 18,505 shares of the company’s stock valued at $977,000 after acquiring an additional 185 shares during the last quarter. Rothschild Investment LLC boosted its stake in shares of Archer Daniels Midland by 9.7% in the 2nd quarter. Rothschild Investment LLC now owns 2,232 shares of the company’s stock valued at $118,000 after purchasing an additional 198 shares in the last quarter. Argyle Capital Management LLC grew its holdings in shares of Archer Daniels Midland by 1.0% during the 2nd quarter. Argyle Capital Management LLC now owns 20,575 shares of the company’s stock valued at $1,086,000 after purchasing an additional 200 shares during the last quarter. Westpac Banking Corp raised its position in Archer Daniels Midland by 38.0% in the 2nd quarter. Westpac Banking Corp now owns 733 shares of the company’s stock worth $39,000 after purchasing an additional 202 shares during the period. Finally, Edmp Inc. lifted its stake in Archer Daniels Midland by 3.4% in the second quarter. Edmp Inc. now owns 6,723 shares of the company’s stock worth $355,000 after purchasing an additional 221 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Price Performance

Shares of Archer Daniels Midland stock opened at $58.37 on Friday. The business has a 50 day moving average of $59.87 and a 200 day moving average of $58.02. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $65.00. The company has a market cap of $28.05 billion, a PE ratio of 23.82, a P/E/G ratio of 4.98 and a beta of 0.70. The company has a quick ratio of 0.92, a current ratio of 1.37 and a debt-to-equity ratio of 0.29.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Archer Daniels Midland had a net margin of 1.43% and a return on equity of 8.01%. The business had revenue of $20.37 billion for the quarter, compared to the consensus estimate of $20.96 billion. During the same period in the previous year, the firm earned $1.09 EPS. The company’s quarterly revenue 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, equities research analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Wednesday, November 19th. Archer Daniels Midland’s dividend payout ratio is presently 83.27%.

Analyst Upgrades and Downgrades

ADM has been the topic of a number of recent research reports. Morgan Stanley cut Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $57.00 to $50.00 in a research note on Tuesday. UBS Group restated a “buy” rating on shares of Archer Daniels Midland in a research report on Monday. Zacks Research downgraded Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $59.00 price objective (down previously from $61.00) on shares of Archer Daniels Midland in a research note on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $54.38.

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.