17,484 Shares in Archer Daniels Midland Company $ADM Bought by Allstate Corp

Allstate Corp purchased a new stake in Archer Daniels Midland Company (NYSE:ADM) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 17,484 shares of the company’s stock, valued at approximately $1,044,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. raised its holdings in shares of Archer Daniels Midland by 193.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 557,621 shares of the company’s stock valued at $33,312,000 after purchasing an additional 367,293 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Archer Daniels Midland by 10.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 508,956 shares of the company’s stock valued at $26,863,000 after buying an additional 49,954 shares in the last quarter. Generali Asset Management SPA SGR lifted its holdings in Archer Daniels Midland by 146.4% during the 3rd quarter. Generali Asset Management SPA SGR now owns 41,989 shares of the company’s stock worth $2,508,000 after buying an additional 24,946 shares during the last quarter. Inspire Advisors LLC acquired a new position in shares of Archer Daniels Midland during the 2nd quarter worth about $3,060,000. Finally, New York State Teachers Retirement System boosted its position in shares of Archer Daniels Midland by 11.7% during the 3rd quarter. New York State Teachers Retirement System now owns 432,047 shares of the company’s stock worth $25,810,000 after acquiring an additional 45,279 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Trading Up 2.8%

NYSE:ADM opened at $67.72 on Thursday. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $67.84. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.92 and a current ratio of 1.37. The stock has a fifty day moving average price of $60.00 and a two-hundred day moving average price of $59.60. The stock has a market capitalization of $32.54 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 4.60 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADM) last posted 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. 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 for the quarter, compared to analysts’ expectations of $20.96 billion. During the same period in the prior year, the company posted $1.09 EPS. The business’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. As a group, sell-side analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 3.0%. Archer Daniels Midland’s payout ratio is currently 83.27%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ADM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on shares of Archer Daniels Midland from $59.00 to $60.00 and gave the company an “underweight” rating in a report on Wednesday. Morgan Stanley downgraded shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $57.00 to $50.00 in a research report on Tuesday, December 16th. UBS Group reissued a “buy” rating on shares of Archer Daniels Midland in a research report on Monday, December 15th. Finally, Zacks Research downgraded shares of Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $54.50.

Archer Daniels Midland Company Profile

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.