Generali Asset Management SPA SGR Acquires 24,946 Shares of Archer Daniels Midland Company $ADM

Generali Asset Management SPA SGR lifted its holdings in Archer Daniels Midland Company (NYSE:ADM) by 146.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,989 shares of the company’s stock after purchasing an additional 24,946 shares during the period. Generali Asset Management SPA SGR’s holdings in Archer Daniels Midland were worth $2,508,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ADM. State Street Corp lifted its position in shares of Archer Daniels Midland by 0.7% in the second quarter. State Street Corp now owns 34,617,404 shares of the company’s stock worth $1,827,107,000 after buying an additional 223,716 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Archer Daniels Midland by 3.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 18,076,118 shares of the company’s stock valued at $954,058,000 after acquiring an additional 620,794 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Archer Daniels Midland by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 12,457,546 shares of the company’s stock worth $654,772,000 after purchasing an additional 283,207 shares during the last quarter. Dodge & Cox bought a new stake in Archer Daniels Midland during the second quarter worth approximately $345,689,000. Finally, Norges Bank acquired a new position in Archer Daniels Midland during the second quarter valued at approximately $340,247,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Up 2.7%

NYSE ADM opened at $59.03 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 $28.37 billion, a PE ratio of 24.09, a PEG ratio of 4.04 and a beta of 0.70. The firm has a 50-day simple moving average of $58.88 and a 200 day simple moving average of $58.74. 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 (NYSE:ADM) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. Archer Daniels Midland had a return on equity of 8.01% and a net margin of 1.43%.The firm had revenue of $20.37 billion during the quarter, compared to analysts’ expectations of $20.96 billion. During the same quarter in the prior year, the firm posted $1.09 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. 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 year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th were paid a dividend of $0.51 per share. The ex-dividend date was Wednesday, November 19th. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. Archer Daniels Midland’s payout ratio is currently 83.27%.

Wall Street Analyst Weigh In

ADM has been the subject of several recent analyst reports. Zacks Research downgraded shares of Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Morgan Stanley cut shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $57.00 to $50.00 in a report on Tuesday, December 16th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $59.00 price objective (down from $61.00) on shares of Archer Daniels Midland in a research note on Wednesday, November 5th. UBS Group reissued a “buy” rating on shares of Archer Daniels Midland in a research report on Monday, December 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $54.38.

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.