Barings LLC Decreases Position in Archer Daniels Midland Company $ADM

Barings LLC trimmed its stake in Archer Daniels Midland Company (NYSE:ADM) by 10.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,136 shares of the company’s stock after selling 2,790 shares during the period. Barings LLC’s holdings in Archer Daniels Midland were worth $1,327,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. SOA Wealth Advisors LLC. bought a new stake in Archer Daniels Midland in the second quarter worth $25,000. Headlands Technologies LLC bought a new stake in shares of Archer Daniels Midland in the 1st quarter worth about $25,000. Trust Co. of Toledo NA OH purchased a new position in shares of Archer Daniels Midland during the 2nd quarter worth about $32,000. Evelyn Partners Investment Management Services Ltd bought a new position in Archer Daniels Midland during the 2nd quarter valued at about $37,000. Finally, Westpac Banking Corp raised its position in Archer Daniels Midland by 38.0% in the 2nd quarter. Westpac Banking Corp now owns 733 shares of the company’s stock worth $39,000 after purchasing an additional 202 shares during the period. Institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Price Performance

NYSE ADM opened at $58.59 on Friday. The company has a market cap of $28.16 billion, a PE ratio of 25.81, a P/E/G ratio of 4.78 and a beta of 0.70. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $65.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. The firm’s 50 day moving average price is $60.46 and its 200-day moving average price is $56.68.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $20.37 billion during the quarter, compared to analysts’ expectations of $20.96 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company posted $1.09 earnings per share. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. Sell-side analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. Archer Daniels Midland’s payout ratio is presently 83.27%.

Analysts Set New Price Targets

Several brokerages have issued reports on ADM. Morgan Stanley boosted their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. Wall Street Zen upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $59.00 price target (down previously from $61.00) on shares of Archer Daniels Midland in a research note on Wednesday, November 5th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $55.25.

Archer Daniels Midland Company 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.