Ameriprise Financial Inc. Has $82.96 Million Holdings in Archer Daniels Midland Company $ADM

Key Points

• Ameriprise Financial Inc. reduced its stake in Archer Daniels Midland Company by 66.6%, selling 3,446,437 shares and leaving it with 1,728,000 shares valued at approximately $82.96 million.
• Various hedge funds bought or increased their holdings in Archer Daniels Midland during the first quarter, with 78.28% of the stock now owned by institutional investors.
• Archer Daniels Midland reported $21.17 billion in revenue for the latest quarter but saw a 4.9% year-over-year decline in revenue, while beating EPS estimates with $0.93.

Ameriprise Financial Inc. cut its position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 66.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,728,000 shares of the company's stock after selling 3,446,437 shares during the quarter. Ameriprise Financial Inc. owned 0.36% of Archer Daniels Midland worth $82,961,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of ADM. Price T Rowe Associates Inc. MD increased its position in shares of Archer Daniels Midland by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 695,065 shares of the company's stock valued at $35,115,000 after purchasing an additional 15,573 shares during the period. MGO One Seven LLC increased its position in shares of Archer Daniels Midland by 9.8% during the 4th quarter. MGO One Seven LLC now owns 8,272 shares of the company's stock valued at $418,000 after purchasing an additional 738 shares during the period. Northern Trust Corp grew its holdings in shares of Archer Daniels Midland by 2.6% in the 4th quarter. Northern Trust Corp now owns 11,035,011 shares of the company's stock worth $557,489,000 after acquiring an additional 275,792 shares during the last quarter. Voleon Capital Management LP acquired a new position in shares of Archer Daniels Midland in the 4th quarter worth $3,900,000. Finally, Parvin Asset Management LLC acquired a new position in shares of Archer Daniels Midland in the 4th quarter worth $58,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Down 0.1%

Shares of ADM stock traded down $0.04 on Thursday, reaching $62.67. 3,506,839 shares of the company's stock traded hands, compared to its average volume of 3,802,505. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $64.38. 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 company has a market capitalization of $30.11 billion, a P/E ratio of 27.61, a price-to-earnings-growth ratio of 3.34 and a beta of 0.68. The business's 50 day moving average price is $56.39 and its two-hundred day moving average price is $50.71.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.05. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The business had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $21.56 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. Archer Daniels Midland's revenue for the quarter was down 4.9% compared to the same quarter last year. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. On average, equities analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio is presently 89.87%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ADM. Bank of America cut Archer Daniels Midland from a "neutral" rating to an "underperform" rating and decreased their target price for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. Morgan Stanley lifted their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. UBS Group restated a "buy" rating and issued a $70.00 target price (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Finally, Wall Street Zen upgraded Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Archer Daniels Midland has a consensus rating of "Hold" and a consensus target price of $55.50.

About Archer Daniels Midland

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.