Louisiana State Employees Retirement System Has $3.30 Million Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Posted by on Apr 3rd, 2023

Louisiana State Employees Retirement System lessened its stake in Archer-Daniels-Midland Company (NYSE:ADM – Get Rating) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,500 shares of the company’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Archer-Daniels-Midland were worth $3,296,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ADM. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Archer-Daniels-Midland by 71.6% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 326 shares of the company’s stock worth $26,000 after buying an additional 136 shares during the period. Selective Wealth Management Inc. increased its position in shares of Archer-Daniels-Midland by 681.8% during the 3rd quarter. Selective Wealth Management Inc. now owns 344 shares of the company’s stock worth $28,000 after purchasing an additional 300 shares in the last quarter. Glassy Mountain Advisors Inc. acquired a new stake in shares of Archer-Daniels-Midland during the 4th quarter worth about $32,000. Kistler Tiffany Companies LLC acquired a new stake in shares of Archer-Daniels-Midland during the 3rd quarter worth about $29,000. Finally, RFP Financial Group LLC acquired a new stake in Archer-Daniels-Midland in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 78.23% of the company’s stock.

Archer-Daniels-Midland Trading Up 0.2 %

Shares of Archer-Daniels-Midland stock opened at $79.66 on Monday. The firm has a 50-day moving average of $80.44 and a 200-day moving average of $86.89. The stock has a market cap of $43.53 billion, a PE ratio of 10.33, a PEG ratio of 1.85 and a beta of 0.79. Archer-Daniels-Midland Company has a 52-week low of $70.02 and a 52-week high of $98.88. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.85 and a current ratio of 1.46.

Archer-Daniels-Midland (NYSE:ADM – Get Rating) last announced its earnings results on Thursday, January 26th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.29. Archer-Daniels-Midland had a net margin of 4.26% and a return on equity of 18.32%. The company had revenue of $26.23 billion during the quarter, compared to analysts’ expectations of $25.37 billion. During the same quarter in the previous year, the business posted $1.50 earnings per share. Archer-Daniels-Midland’s quarterly revenue was up 13.6% on a year-over-year basis. As a group, sell-side analysts forecast that Archer-Daniels-Midland Company will post 6.74 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 2nd. Shareholders of record on Thursday, February 9th were paid a dividend of $0.45 per share. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, February 8th. This represents a $1.80 annualized dividend and a yield of 2.26%. Archer-Daniels-Midland’s payout ratio is presently 23.35%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ADM shares. UBS Group started coverage on shares of Archer-Daniels-Midland in a research note on Tuesday, December 13th. They issued a “buy” rating and a $115.00 target price on the stock. StockNews.com initiated coverage on shares of Archer-Daniels-Midland in a research note on Thursday, March 16th. They issued a “buy” rating on the stock. Finally, Stifel Nicolaus lifted their price target on shares of Archer-Daniels-Midland from $114.00 to $116.00 in a research note on Tuesday, January 3rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.71.

Archer-Daniels-Midland Profile

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Archer-Daniels-Midland Co engages in the production of oilseeds, corn, wheat, cocoa, and other agricultural commodities. It operates through the following segments: Ag Services and Oilseeds, Carbohydrate Solutions, Nutrition, and Other. The Ag Services and Oilseeds segment includes activities related to the origination, merchandising, transportation, and storage of agricultural raw materials, and the crushing and further processing of oilseeds such as soybeans and soft seeds cottonseed, sunflower seed, canola, rapeseed, and flaxseed into vegetable oils and protein meals.

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Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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