Archer Daniels Midland Company $ADM Stake Lowered by Park Avenue Securities LLC

Park Avenue Securities LLC reduced its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,778 shares of the company’s stock after selling 237 shares during the period. Park Avenue Securities LLC’s holdings in Archer Daniels Midland were worth $569,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. S.A. Mason LLC purchased a new position in shares of Archer Daniels Midland during the 1st quarter valued at $25,000. Headlands Technologies LLC purchased a new position in shares of Archer Daniels Midland during the 1st quarter valued at $25,000. ORG Partners LLC grew its holdings in shares of Archer Daniels Midland by 297.2% during the 1st quarter. ORG Partners LLC now owns 699 shares of the company’s stock valued at $34,000 after acquiring an additional 523 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Archer Daniels Midland during the 1st quarter valued at $37,000. Finally, Capital Advisors Ltd. LLC boosted its holdings in Archer Daniels Midland by 43.4% in the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company’s stock worth $38,000 after purchasing an additional 237 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Archer Daniels Midland Stock Down 0.7%

Archer Daniels Midland stock opened at $60.62 on Monday. The firm has a fifty day moving average price of $59.58 and a two-hundred day moving average price of $52.88. The firm has a market cap of $29.13 billion, a price-to-earnings ratio of 26.70, a P/E/G ratio of 3.23 and a beta of 0.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. Archer Daniels Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $64.38.

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

Archer Daniels Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were given 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 is currently 89.87%.

Archer Daniels Midland Profile

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.