TD Waterhouse Canada Inc. Grows Stock Holdings in Archer Daniels Midland Company $ADM

TD Waterhouse Canada Inc. increased its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 15.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,566 shares of the company’s stock after purchasing an additional 11,439 shares during the period. TD Waterhouse Canada Inc.’s holdings in Archer Daniels Midland were worth $4,654,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Inspire Advisors LLC purchased a new position in shares of Archer Daniels Midland in the 2nd quarter valued at about $3,060,000. Empowered Funds LLC boosted its holdings in Archer Daniels Midland by 23.6% in the second quarter. Empowered Funds LLC now owns 63,404 shares of the company’s stock valued at $3,346,000 after purchasing an additional 12,086 shares in the last quarter. Dorsey & Whitney Trust CO LLC purchased a new position in Archer Daniels Midland in the second quarter valued at approximately $204,000. Rothschild Investment LLC raised its holdings in Archer Daniels Midland by 9.7% during the second quarter. Rothschild Investment LLC now owns 2,232 shares of the company’s stock worth $118,000 after purchasing an additional 198 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Archer Daniels Midland by 2.7% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 923,449 shares of the company’s stock worth $48,740,000 after buying an additional 24,192 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ADM. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $59.00 target price (down from $61.00) on shares of Archer Daniels Midland in a research report on Wednesday, November 5th. Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $50.00 to $61.00 in a research report on Wednesday, August 6th. UBS Group reissued a “buy” rating and issued a $70.00 target price (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. Finally, Morgan Stanley increased their price objective on Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $55.25.

Archer Daniels Midland Price Performance

Shares of NYSE ADM opened at $57.92 on Friday. The stock has a fifty day moving average price of $60.53 and a 200 day moving average price of $56.54. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $65.00. 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 market cap of $27.83 billion, a PE ratio of 25.51, a P/E/G ratio of 4.78 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 (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. The company 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 1.33% and a return on equity of 8.43%. Archer Daniels Midland’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 EPS. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. Sell-side analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The firm 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. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, November 19th. Archer Daniels Midland’s payout ratio is currently 83.27%.

About Archer Daniels Midland

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.