On September 1, 2023, it was reported that Dimensional Fund Advisors LP had reduced its ownership stake in Archer-Daniels-Midland Company (NYSE:ADM) by 1.6% during the first quarter of the year. The firm sold a total of 61,199 shares, leaving them with a remaining ownership of 3,784,423 shares. This represents approximately 0.69% of the company’s worth at the end of the reporting period which amounted to $301,465,000.
Archer-Daniels-Midland Company (ADM) recently released its quarterly earnings results on July 25th. The company reported earnings per share (EPS) of $1.89 for the quarter, surpassing analysts’ consensus estimate of $1.59 by $0.30 per share. Moreover, Archer-Daniels-Midland achieved a return on equity of 17.52% and an impressive net margin of 4.14%. Although revenues for the quarter were below expectations at $25.19 billion compared to projected revenues of $25.82 billion, it is important to note that there was still a decline of 7.7% in comparison to the same quarter last year where the company earned EPS of $2.15.
Research reports have focused on Archer-Daniels-Midland’s stock performance lately as well. StockNews.com initiated coverage on ADM with a “buy” rating in their research report released on August 17th while Argus raised their price target from $91 to $95 and reiterated their “buy” rating on August 1st. Roth Mkm also started coverage on Archer-Daniels-Midland on June 22nd and issued a “buy” recommendation with a price objective set at $92.
Barclays, however, has lowered their target price for ADM from $99 to $95 in a report released on June 1st. Morgan Stanley has taken an “equal weight” stance on the stock but has raised their price target from $83 to $87 as of July 31st. Overall, there are three analysts who have assigned a hold rating to Archer-Daniels-Midland stock, while six other analysts have given it a buy rating. Bloomberg.com reports that based on this data, the company currently holds an average rating of “Moderate Buy” with a consensus price target of $97.50.
With the combination of positive quarterly earnings results and solid ratings from various research reports, Archer-Daniels-Midland Company continues to attract attention in the market. As we move forward, investors will be closely monitoring any further developments and improvements made by ADM in order to make well-informed investment decisions.
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Investor and Insider Changes Impact Archer-Daniels-Midland Company’s Ownership Structure
Archer-Daniels-Midland Company, traded under NYSE:ADM, experienced various changes in its positions by several large investors in recent times. Daiwa Securities Group Inc., for instance, increased its holdings by 4.7% during the first quarter and now owns 43,470 shares of ADM’s stock worth $3,463,000 after acquiring an additional 1,940 shares in the last quarter. Similarly, Toronto Dominion Bank’s holdings grew by 0.4%, owning 276,660 shares of the company’s stock worth $22,027,000 after purchasing an additional 1,138 shares in the last quarter.
Wealth Enhancement Advisory Services LLC also acquired a new stake in Archer-Daniels-Midland during the same period valued at approximately $574,000. Transform Wealth LLC saw an increase of 21.3% in its stake as well and now owns 204,456 shares valued at $16,287,000 after acquiring an additional 35,944 shares in the last quarter. Quadrant Capital Group LLC boosted its position by 24.1% during the fourth quarter and currently holds 4,345 shares worth $403,000 after acquiring an additional 844 shares.
These institutional investors combined own approximately 77.73% of Archer-Daniels-Midland Company’s stock.
In addition to these developments with investors’ positions, insider Fruit Molly L. Strader recently sold 1,455 shares of ADM’s stock on Wednesday, July 26th at an average price of $86.80 per share for a total value of $126,294. Following this transaction disclosure filed with the Securities & Exchange Commission (SEC), Strader now possesses 10,809 shares valued at $938,221.20.
As we look specifically into Archer-Daniels-Midland Company’s recent trading activity on the New York Stock Exchange (NYSE:ADM), we observe that its stock traded at $80.06 on Friday, marking an increase of $0.76. The company had a trading volume of 176,088 shares during this period compared to its average volume of 2,944,814 shares. Over the past year, ADM’s stock has fluctuated between a low of $69.92 and a high of $98.28.
With a market capitalization of $42.92 billion, Archer-Daniels-Midland currently holds a price-to-earnings (P/E) ratio of 10.59 and a price-to-earnings-growth (PEG) ratio of 1.76 with a beta value of 0.82. Moreover, the stock maintains a fifty-day moving average of $81.17 and a two-hundred-day moving average of $78.54.
Archer-Daniels-Midland Company’s financial stability is further exemplified by its current ratio of 1.63 and quick ratio of 1.00 as well as its conservative debt-to-equity ratio standing at 0.33.
In conclusion, Archer-Daniels-Midland Company’s recent investor changes and insider transactions highlight the ongoing dynamics within the company’s ownership structure. These developments could potentially impact ADM’s stock performance in the coming months as investors react to new information and strategic decisions made by key shareholders.
