Stanley Laman Group Ltd. Reduces Holdings in Archer Daniels Midland Company $ADM

Stanley Laman Group Ltd. reduced its stake in Archer Daniels Midland Company (NYSE:ADM) by 11.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,675 shares of the company’s stock after selling 8,708 shares during the period. Stanley Laman Group Ltd.’s holdings in Archer Daniels Midland were worth $3,983,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Beacon Financial Advisory LLC grew its holdings in shares of Archer Daniels Midland by 1.0% in the second quarter. Beacon Financial Advisory LLC now owns 18,505 shares of the company’s stock worth $977,000 after purchasing an additional 185 shares during the last quarter. Rothschild Investment LLC boosted its position in Archer Daniels Midland by 9.7% during the 2nd quarter. Rothschild Investment LLC now owns 2,232 shares of the company’s stock valued at $118,000 after buying an additional 198 shares during the period. Argyle Capital Management LLC grew its holdings in Archer Daniels Midland by 1.0% in the 2nd quarter. Argyle Capital Management LLC now owns 20,575 shares of the company’s stock worth $1,086,000 after acquiring an additional 200 shares during the last quarter. Westpac Banking Corp increased its position in shares of Archer Daniels Midland by 38.0% in the second quarter. Westpac Banking Corp now owns 733 shares of the company’s stock valued at $39,000 after acquiring an additional 202 shares during the period. Finally, Perigon Wealth Management LLC raised its stake in shares of Archer Daniels Midland by 5.0% during the third quarter. Perigon Wealth Management LLC now owns 4,596 shares of the company’s stock valued at $275,000 after acquiring an additional 218 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Zacks Research cut Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $59.00 price objective (down from $61.00) on shares of Archer Daniels Midland in a research report on Wednesday, November 5th. Morgan Stanley downgraded Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $57.00 to $50.00 in a report on Tuesday, December 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. Finally, UBS Group reissued a “buy” rating on shares of Archer Daniels Midland in a research report on Monday, December 15th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $54.38.

Archer Daniels Midland Trading Up 2.7%

NYSE ADM opened at $59.03 on Monday. The firm has a market capitalization of $28.37 billion, a PE ratio of 24.09, a P/E/G ratio of 4.04 and a beta of 0.70. The stock’s 50 day moving average is $58.88 and its 200 day moving average is $58.77. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $65.00. The company has a quick ratio of 0.92, a current ratio of 1.37 and a debt-to-equity ratio of 0.29.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data 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. Archer Daniels Midland had a return on equity of 8.01% and a net margin of 1.43%.The business had revenue of $20.37 billion during the quarter, compared to the consensus estimate of $20.96 billion. During the same quarter in the prior year, the company earned $1.09 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. Research analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Wednesday, November 19th. Archer Daniels Midland’s dividend payout ratio (DPR) is 83.27%.

About Archer Daniels Midland

Archer Daniels Midland Company (ADM) is a global agricultural processor and food-ingredient provider that sources, transports and processes oilseeds, corn, wheat and other agricultural commodities. The company operates large-scale crushing, refining and processing facilities that produce vegetable oils, protein meals, corn sweeteners, starches, ethanol, animal feeds and a wide range of food and industrial ingredients. ADM also develops specialty ingredients and solutions for human and animal nutrition, food and beverage formulation, and industrial applications such as bio-based materials and renewable fuels.

ADM’s business combines commodity origination and merchandising with downstream manufacturing and ingredient formulation.