Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stock Position in Archer Daniels Midland Company $ADM

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Archer Daniels Midland Company (NYSE:ADM) by 2.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,005,582 shares of the company’s stock after purchasing an additional 28,597 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.21% of Archer Daniels Midland worth $53,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the business. Allworth Financial LP raised its holdings in shares of Archer Daniels Midland by 116.1% during the first quarter. Allworth Financial LP now owns 5,723 shares of the company’s stock valued at $279,000 after acquiring an additional 3,075 shares in the last quarter. Cerity Partners LLC increased its position in Archer Daniels Midland by 447.2% during the 1st quarter. Cerity Partners LLC now owns 260,962 shares of the company’s stock valued at $12,529,000 after purchasing an additional 213,269 shares during the period. Ballentine Partners LLC raised its holdings in Archer Daniels Midland by 17.2% in the 1st quarter. Ballentine Partners LLC now owns 6,740 shares of the company’s stock worth $324,000 after purchasing an additional 987 shares in the last quarter. CWM LLC lifted its position in shares of Archer Daniels Midland by 4.5% in the 1st quarter. CWM LLC now owns 17,686 shares of the company’s stock worth $849,000 after purchasing an additional 762 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in shares of Archer Daniels Midland during the 1st quarter valued at about $2,816,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ADM shares. Morgan Stanley increased 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 note on Tuesday, August 12th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $59.00 target price (down previously from $61.00) on shares of Archer Daniels Midland in a research report on Wednesday, November 5th. 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 raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Barclays raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $55.25.

Archer Daniels Midland Stock Up 0.2%

ADM stock opened at $56.84 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average of $61.20 and a 200 day moving average of $56.01. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $65.00. The firm has a market cap of $27.31 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 4.78 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, November 4th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The firm had revenue of $20.37 billion for the quarter, compared to analysts’ expectations of $20.96 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 earnings per share. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. On average, research analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

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 paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Wednesday, November 19th. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 83.27%.

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.