ProShare Advisors LLC Reduces Holdings in Archer Daniels Midland Company $ADM

ProShare Advisors LLC trimmed its holdings in Archer Daniels Midland Company (NYSE:ADM) by 8.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,102,776 shares of the company’s stock after selling 273,735 shares during the quarter. ProShare Advisors LLC owned about 0.65% of Archer Daniels Midland worth $185,360,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dodge & Cox purchased a new stake in Archer Daniels Midland in the second quarter valued at approximately $345,689,000. Norges Bank purchased a new position in Archer Daniels Midland in the second quarter worth approximately $340,247,000. Pacer Advisors Inc. lifted its position in shares of Archer Daniels Midland by 8,609.3% during the 3rd quarter. Pacer Advisors Inc. now owns 4,405,427 shares of the company’s stock worth $263,180,000 after purchasing an additional 4,354,844 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of 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 worth $954,058,000 after acquiring an additional 620,794 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Archer Daniels Midland by 193.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 557,621 shares of the company’s stock valued at $33,312,000 after purchasing an additional 367,293 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group reaffirmed a “buy” rating on shares of Archer Daniels Midland in a report on Monday, December 15th. BMO Capital Markets reissued a “market perform” rating and set a $63.00 price objective on shares of Archer Daniels Midland in a report on Wednesday. JPMorgan Chase & Co. upped their target price on Archer Daniels Midland from $60.00 to $61.00 and gave the company an “underweight” rating in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $57.00.

Archer Daniels Midland Trading Up 1.4%

Shares of NYSE:ADM opened at $66.35 on Monday. The company has a 50 day moving average of $61.88 and a 200-day moving average of $60.71. The company has a current ratio of 11.20, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The firm has a market cap of $31.89 billion, a P/E ratio of 29.89, a P/E/G ratio of 0.89 and a beta of 0.71. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $69.75.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. Archer Daniels Midland had a return on equity of 7.39% and a net margin of 1.34%.The company had revenue of $18.56 billion during the quarter, compared to the consensus estimate of $21.03 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. The company’s quarterly revenue was down 13.7% compared to the same quarter last year. Archer Daniels Midland has set its FY 2026 guidance at 3.600-4.250 EPS. As a group, analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This is a boost from Archer Daniels Midland’s previous quarterly dividend of $0.51. This represents a $2.08 annualized dividend and a yield of 3.1%. Archer Daniels Midland’s payout ratio is 93.69%.

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.