Archer Daniels Midland Company $ADM Shares Sold by Amundi

Key Points

• Amundi has reduced its stake in Archer Daniels Midland Company (ADM) by 40% during the first quarter, leaving it with 1,484,970 shares valued at approximately $70.64 million.
• Several analysts have updated their ratings and price targets for ADM, with Morgan Stanley raising its target from $47.00 to $57.00 and UBS Group increasing theirs from $60.00 to $70.00.
• Archer Daniels Midland announced a quarterly dividend of $0.51 per share, reflecting a 3.2% dividend yield and a payout ratio of 89.87%.

Amundi decreased its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 40.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,484,970 shares of the company's stock after selling 988,423 shares during the quarter. Amundi owned about 0.31% of Archer Daniels Midland worth $70,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. S.A. Mason LLC purchased a new position in Archer Daniels Midland during the first quarter valued at approximately $25,000. Headlands Technologies LLC purchased a new position in Archer Daniels Midland during the first quarter valued at approximately $25,000. ORG Partners LLC grew its stake in Archer Daniels Midland by 297.2% during the first quarter. ORG Partners LLC now owns 699 shares of the company's stock valued at $34,000 after acquiring an additional 523 shares in the last quarter. NBC Securities Inc. purchased a new position in Archer Daniels Midland during the first quarter valued at approximately $37,000. Finally, Capital Advisors Ltd. LLC grew its stake in Archer Daniels Midland by 43.4% during the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after acquiring an additional 237 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Stock Performance

NYSE ADM traded down $0.82 on Wednesday, reaching $61.38. 3,605,657 shares of the stock were exchanged, compared to its average volume of 3,932,748. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $64.38. The firm has a market capitalization of $29.49 billion, a PE ratio of 27.04, a PEG ratio of 3.32 and a beta of 0.68. The company's 50-day simple moving average is $57.87 and its two-hundred day simple moving average is $51.63. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.05. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The firm had revenue of $21.17 billion for the quarter, compared to analysts' expectations of $21.56 billion. During the same quarter last year, the business posted $1.03 earnings per share. The company'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. Analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be paid 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 of this dividend is Wednesday, August 20th. Archer Daniels Midland's payout ratio is currently 89.87%.

Wall Street Analyst Weigh In

ADM has been the subject of several recent analyst reports. UBS Group reaffirmed a "buy" rating and set a $70.00 price objective (up previously from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. JPMorgan Chase & Co. started coverage on shares of Archer Daniels Midland in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price target for the company. Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $50.00 to $61.00 in a research note on Wednesday, August 6th. Wall Street Zen upgraded shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Morgan Stanley boosted their price objective on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $55.50.

Archer Daniels Midland 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.