Commonwealth Equity Services LLC Sells 11,791 Shares of Archer Daniels Midland Company $ADM

Commonwealth Equity Services LLC lessened its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 6.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 166,379 shares of the company’s stock after selling 11,791 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Archer Daniels Midland were worth $9,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. SOA Wealth Advisors LLC. purchased a new position in Archer Daniels Midland during the second quarter valued at $25,000. Trust Co. of Vermont raised its stake in shares of Archer Daniels Midland by 367.0% in the third quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock worth $30,000 after buying an additional 400 shares during the period. Trust Co. of Toledo NA OH purchased a new position in shares of Archer Daniels Midland during the 2nd quarter valued at about $32,000. Elevation Point Wealth Partners LLC bought a new position in shares of Archer Daniels Midland during the 2nd quarter valued at approximately $36,000. Finally, Evelyn Partners Investment Management Services Ltd purchased a new stake in Archer Daniels Midland in the 2nd quarter worth approximately $37,000. 78.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Archer Daniels Midland Stock Up 1.2%

Shares of ADM stock opened at $61.91 on Monday. The company’s fifty day simple moving average is $58.81 and its two-hundred day simple moving average is $59.02. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $65.00. The stock has a market cap of $29.75 billion, a P/E ratio of 25.27, a PEG ratio of 4.31 and a beta of 0.70. 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 issued its earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping 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 return on equity of 8.01% and a net margin of 1.43%.During the same period in the previous year, the firm posted $1.09 earnings per share. The business’s 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. Analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Stockholders 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 dividend yield of 3.3%. The ex-dividend date was Wednesday, November 19th. Archer Daniels Midland’s dividend payout ratio is currently 83.27%.

Archer Daniels Midland 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.