Strs Ohio Has $16.58 Million Position in Archer Daniels Midland Company $ADM

Strs Ohio raised its position in Archer Daniels Midland Company (NYSE:ADM) by 2,329.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,529 shares of the company’s stock after buying an additional 266,104 shares during the quarter. Strs Ohio owned 0.06% of Archer Daniels Midland worth $16,580,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dodge & Cox acquired a new stake in Archer Daniels Midland in the 2nd quarter worth about $345,689,000. Norges Bank acquired a new position in shares of Archer Daniels Midland during the 2nd quarter worth approximately $340,247,000. Pacer Advisors Inc. increased its holdings in shares of Archer Daniels Midland by 8,609.3% during the third quarter. Pacer Advisors Inc. now owns 4,405,427 shares of the company’s stock worth $263,180,000 after purchasing an additional 4,354,844 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Archer Daniels Midland by 3.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 18,076,118 shares of the company’s stock valued at $954,058,000 after buying an additional 620,794 shares in the last quarter. Finally, PGGM Investments boosted its stake in shares of Archer Daniels Midland by 94.8% in the second quarter. PGGM Investments now owns 830,238 shares of the company’s stock valued at $43,820,000 after buying an additional 404,100 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. UBS Group reaffirmed a “buy” rating on shares of Archer Daniels Midland in a report on Monday, December 15th. Morgan Stanley downgraded Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $57.00 to $50.00 in a research note on Tuesday, December 16th. JPMorgan Chase & Co. increased their price objective on shares of Archer Daniels Midland from $59.00 to $60.00 and gave the stock an “underweight” rating in a research note on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday. Finally, Zacks Research downgraded shares of Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $54.50.

Archer Daniels Midland Stock Up 0.6%

Shares of NYSE ADM opened at $67.52 on Friday. The company has a market cap of $32.45 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 4.71 and a beta of 0.70. 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 Company has a 12 month low of $40.98 and a 12 month high of $68.06. The stock has a 50-day moving average price of $60.34 and a two-hundred day moving average price of $59.78.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $20.96 billion. During the same period in the prior year, the company earned $1.09 EPS. The firm’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, analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. Archer Daniels Midland’s dividend payout ratio (DPR) is 83.27%.

About Archer Daniels Midland

Archer Daniels Midland Company (ADM) is a global agricultural processor and food-ingredient provider that sources, transports and processes oilseeds, corn, wheat and other agricultural commodities. The company operates large-scale crushing, refining and processing facilities that produce vegetable oils, protein meals, corn sweeteners, starches, ethanol, animal feeds and a wide range of food and industrial ingredients. ADM also develops specialty ingredients and solutions for human and animal nutrition, food and beverage formulation, and industrial applications such as bio-based materials and renewable fuels.

ADM’s business combines commodity origination and merchandising with downstream manufacturing and ingredient formulation.