AQR Capital Management LLC Trims Stock Position in Archer Daniels Midland Company $ADM

AQR Capital Management LLC reduced its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 44.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 620,370 shares of the company's stock after selling 504,367 shares during the quarter. AQR Capital Management LLC owned 0.13% of Archer Daniels Midland worth $29,784,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Foundations Investment Advisors LLC boosted its stake in shares of Archer Daniels Midland by 5.4% in the first quarter. Foundations Investment Advisors LLC now owns 4,310 shares of the company's stock valued at $207,000 after buying an additional 220 shares in the last quarter. Capital Advisors Ltd. LLC boosted its stake in shares of Archer Daniels Midland by 43.4% in the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after buying an additional 237 shares in the last quarter. Sagespring Wealth Partners LLC boosted its stake in shares of Archer Daniels Midland by 4.1% in the first quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock valued at $289,000 after buying an additional 239 shares in the last quarter. Stolper Co boosted its stake in shares of Archer Daniels Midland by 0.8% in the first quarter. Stolper Co now owns 33,691 shares of the company's stock valued at $1,618,000 after buying an additional 275 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in shares of Archer Daniels Midland by 6.6% in the first quarter. Fifth Third Wealth Advisors LLC now owns 5,296 shares of the company's stock valued at $254,000 after buying an additional 326 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ADM shares. JPMorgan Chase & Co. started coverage on Archer Daniels Midland in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price target on the stock. Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $50.00 to $61.00 in a research report on Wednesday, August 6th. Morgan Stanley boosted their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. UBS Group reiterated a "buy" rating and set a $70.00 target price (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Finally, Wall Street Zen upgraded Archer Daniels Midland from a "sell" rating to a "hold" rating in a research 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. According to data from MarketBeat.com, Archer Daniels Midland presently has an average rating of "Hold" and an average price target of $55.50.

Archer Daniels Midland Price Performance

Archer Daniels Midland stock traded down $0.82 during midday trading on Wednesday, reaching $61.38. 3,605,657 shares of the company were exchanged, compared to its average volume of 3,932,748. The company has a market capitalization of $29.49 billion, a price-to-earnings ratio of 27.04, a P/E/G ratio of 3.32 and a beta of 0.68. The firm's 50-day simple moving average is $57.87 and its 200-day simple moving average is $51.63. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year 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.

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

Archer Daniels Midland Announces Dividend

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

Archer Daniels Midland Company Profile

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.