Royal Fund Management LLC Increases Stock Holdings in Archer Daniels Midland Company $ADM

Royal Fund Management LLC raised its holdings in Archer Daniels Midland Company (NYSE:ADM) by 96.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,542 shares of the company’s stock after buying an additional 20,360 shares during the quarter. Royal Fund Management LLC’s holdings in Archer Daniels Midland were worth $2,193,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ADM. Headlands Technologies LLC purchased a new position in shares of Archer Daniels Midland in the 1st quarter valued at approximately $25,000. SOA Wealth Advisors LLC. acquired a new position in Archer Daniels Midland during the 2nd quarter valued at approximately $25,000. Trust Co. of Toledo NA OH acquired a new position in Archer Daniels Midland during the 2nd quarter valued at approximately $32,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Archer Daniels Midland in the second quarter worth $36,000. Finally, Evelyn Partners Investment Management Services Ltd purchased a new stake in shares of Archer Daniels Midland during the second quarter valued at $37,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Stock Down 0.8%

Shares of ADM stock opened at $59.35 on Friday. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $65.00. The stock has a market cap of $28.52 billion, a P/E ratio of 24.22, a P/E/G ratio of 5.07 and a beta of 0.70. The stock has a 50 day moving average of $60.28 and a 200 day moving average of $57.31. The company has a current ratio of 1.37, a quick ratio of 0.92 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 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 1.43% and a return on equity of 8.01%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $1.09 EPS. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. As a group, sell-side analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $2.04 dividend on an annualized basis and a yield of 3.4%. Archer Daniels Midland’s payout ratio is presently 83.27%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ADM. UBS Group restated 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. Wall Street Zen upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Zacks Research lowered Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Morgan Stanley raised their price target on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $59.00 price objective (down from $61.00) on shares of Archer Daniels Midland in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $55.25.

Archer Daniels Midland Company 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.