D.A. Davidson & CO. Trims Holdings in Archer Daniels Midland Company $ADM

D.A. Davidson & CO. lowered its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 56.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,541 shares of the company’s stock after selling 30,052 shares during the quarter. D.A. Davidson & CO.’s holdings in Archer Daniels Midland were worth $1,406,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ADM. Dodge & Cox purchased a new position in shares of Archer Daniels Midland during the 2nd quarter valued at $345,689,000. Norges Bank bought a new stake in Archer Daniels Midland during the second quarter valued at about $340,247,000. Pacer Advisors Inc. lifted its position in shares of Archer Daniels Midland by 8,609.3% in the third quarter. Pacer Advisors Inc. now owns 4,405,427 shares of the company’s stock valued at $263,180,000 after acquiring an additional 4,354,844 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in shares of Archer Daniels Midland during the second quarter worth about $39,094,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Archer Daniels Midland by 3.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 18,076,118 shares of the company’s stock valued at $954,058,000 after purchasing an additional 620,794 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on ADM. Morgan Stanley downgraded Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $57.00 to $50.00 in a research note on Tuesday, December 16th. JPMorgan Chase & Co. restated an “underweight” rating and set a $59.00 target price (down previously from $61.00) on shares of Archer Daniels Midland in a research report on Wednesday, November 5th. UBS Group reiterated a “buy” rating on shares of Archer Daniels Midland in a report on Monday, December 15th. Zacks Research cut shares of Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $54.38.

Archer Daniels Midland Price Performance

ADM stock opened at $61.91 on Friday. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $65.00. The firm has a market capitalization of $29.75 billion, a P/E ratio of 25.27, a price-to-earnings-growth ratio of 4.31 and a beta of 0.70. The company has a fifty day simple moving average of $58.81 and a two-hundred day simple moving average of $58.97. 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 announced its earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. The firm had revenue of $20.37 billion for the quarter, compared to analysts’ expectations of $20.96 billion. Archer Daniels Midland had a net margin of 1.43% and a return on equity of 8.01%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 EPS. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. Analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Wednesday, November 19th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Wednesday, November 19th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 83.27%.

Archer Daniels Midland Company Profile

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.