Volterra Technologies LP Purchases New Shares in Archer Daniels Midland Company $ADM

Volterra Technologies LP acquired a new position in Archer Daniels Midland Company (NYSE:ADM) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,327 shares of the company’s stock, valued at approximately $598,000.

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

Archer Daniels Midland Stock Performance

Shares of Archer Daniels Midland stock opened at $58.21 on Thursday. The business’s 50 day moving average price is $60.14 and its 200 day moving average price is $57.63. The company has a market cap of $27.97 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 4.93 and a beta of 0.70. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.92 and a current ratio of 1.37. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $65.00.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $20.37 billion during the quarter, compared to analysts’ expectations of $20.96 billion. Archer Daniels Midland had a return on equity of 8.01% and a net margin of 1.43%.The company’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.09 EPS. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. On average, research analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 19th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $2.04 annualized dividend and a yield of 3.5%. Archer Daniels Midland’s dividend payout ratio is presently 83.27%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. reiterated 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. Zacks Research cut Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Archer Daniels Midland presently has a consensus rating of “Reduce” and a consensus target price of $55.25.

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.