Archer Daniels Midland Company $ADM Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC cut its stake in Archer Daniels Midland Company (NYSE:ADM) by 17.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,739 shares of the company’s stock after selling 1,444 shares during the period. Farther Finance Advisors LLC’s holdings in Archer Daniels Midland were worth $356,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ADM. Foundations Investment Advisors LLC boosted its stake in Archer Daniels Midland by 5.4% during the first quarter. Foundations Investment Advisors LLC now owns 4,310 shares of the company’s stock valued at $207,000 after buying an additional 220 shares in the last quarter. Capital Advisors Ltd. LLC boosted its stake in Archer Daniels Midland by 43.4% during the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company’s stock valued at $38,000 after buying an additional 237 shares in the last quarter. Sagespring Wealth Partners LLC boosted its stake in Archer Daniels Midland by 4.1% during the first quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company’s stock valued at $289,000 after buying an additional 239 shares in the last quarter. Global X Japan Co. Ltd. boosted its stake in Archer Daniels Midland by 2.3% during the second quarter. Global X Japan Co. Ltd. now owns 12,265 shares of the company’s stock valued at $647,000 after buying an additional 278 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in Archer Daniels Midland by 6.6% during the first quarter. Fifth Third Wealth Advisors LLC now owns 5,296 shares of the company’s stock valued at $254,000 after buying an additional 326 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Down 0.7%

ADM opened at $60.62 on Monday. Archer Daniels Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $64.38. The business has a 50-day moving average of $59.58 and a 200-day moving average of $52.88. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. The company has a market capitalization of $29.13 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 3.23 and a beta of 0.68.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.05. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The company had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $21.56 billion. During the same period last year, the business earned $1.03 EPS. The business’s quarterly revenue was down 4.9% on a year-over-year basis. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. Equities research analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.4%. Archer Daniels Midland’s dividend payout ratio (DPR) is 89.87%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ADM. UBS Group reaffirmed a “buy” rating and set a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Wall Street Zen raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. JPMorgan Chase & Co. started coverage on Archer Daniels Midland in a report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 target price for the company. Morgan Stanley increased their price objective on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Finally, Barclays raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $50.00 to $61.00 in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $55.50.

About Archer Daniels Midland

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.