SG Americas Securities LLC Has $3.33 Million Position in Archer Daniels Midland Company $ADM

SG Americas Securities LLC grew its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 143.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,784 shares of the company’s stock after purchasing an additional 32,883 shares during the quarter. SG Americas Securities LLC’s holdings in Archer Daniels Midland were worth $3,333,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Woodline Partners LP grew its holdings in Archer Daniels Midland by 40.8% during the 1st quarter. Woodline Partners LP now owns 40,429 shares of the company’s stock worth $1,941,000 after acquiring an additional 11,715 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of Archer Daniels Midland by 1.2% during the first quarter. Voya Investment Management LLC now owns 149,169 shares of the company’s stock worth $7,162,000 after purchasing an additional 1,739 shares during the period. Swedbank AB grew its stake in shares of Archer Daniels Midland by 3.1% in the first quarter. Swedbank AB now owns 406,626 shares of the company’s stock worth $19,522,000 after purchasing an additional 12,345 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs acquired a new stake in Archer Daniels Midland in the first quarter valued at $1,008,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in Archer Daniels Midland by 35.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,650 shares of the company’s stock worth $140,000 after purchasing an additional 692 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Ratings Changes

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

Archer Daniels Midland Price Performance

Shares of ADM opened at $62.19 on Tuesday. The firm has a market cap of $29.89 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 4.31 and a beta of 0.70. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $65.00. The business’s 50 day moving average price is $58.85 and its two-hundred day moving average price is $59.08. 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 released its quarterly earnings data on Tuesday, November 4th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $20.37 billion during the quarter, compared to analyst estimates of $20.96 billion. During the same quarter in the previous year, the business posted $1.09 EPS. Archer Daniels Midland’s revenue for the quarter 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. On average, equities analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Wednesday, November 19th were issued a dividend of $0.51 per share. The ex-dividend date was Wednesday, November 19th. This represents a $2.04 annualized dividend and a dividend yield of 3.3%. Archer Daniels Midland’s dividend payout ratio is currently 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.