Gateway Investment Advisers LLC Cuts Position in Archer Daniels Midland Company $ADM

Key Points

• Gateway Investment Advisers LLC reduced its stake in Archer Daniels Midland Company (ADM) by 32.8%, selling 9,105 shares and retaining a total of 18,647 shares valued at approximately $984,000.
• Wall Street analysts have generally provided positive outlooks for ADM, with UBS raising its price target to $70.00 and Barclays upgrading its rating.
• Archer Daniels Midland announced a quarterly dividend of $0.51, resulting in an annualized yield of 3.4%, while its payout ratio stands at 89.87%.

Gateway Investment Advisers LLC lessened its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 32.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,647 shares of the company's stock after selling 9,105 shares during the quarter. Gateway Investment Advisers LLC's holdings in Archer Daniels Midland were worth $984,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in shares of Archer Daniels Midland by 17.9% in the first quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company's stock worth $1,197,568,000 after acquiring an additional 3,791,597 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Archer Daniels Midland by 350.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company's stock worth $838,030,000 after purchasing an additional 13,579,379 shares in the last quarter. Northern Trust Corp boosted its stake in Archer Daniels Midland by 3.7% in the 1st quarter. Northern Trust Corp now owns 11,448,325 shares of the company's stock worth $549,634,000 after purchasing an additional 413,314 shares during the period. Invesco Ltd. grew its holdings in Archer Daniels Midland by 8.5% during the 1st quarter. Invesco Ltd. now owns 7,753,585 shares of the company's stock valued at $372,250,000 after buying an additional 607,767 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Archer Daniels Midland by 6.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,015,752 shares of the company's stock valued at $144,783,000 after buying an additional 184,852 shares during the period. Institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Trading Up 1.3%

NYSE ADM traded up $0.78 on Friday, hitting $61.61. The company's stock had a trading volume of 11,658,514 shares, compared to its average volume of 3,182,695. 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 Company has a 52-week low of $40.98 and a 52-week high of $64.38. The firm has a market cap of $29.60 billion, a P/E ratio of 27.14, a PEG ratio of 3.24 and a beta of 0.69. The company's 50-day simple moving average is $58.91 and its 200 day simple moving average is $52.38.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.05. The company had revenue of $21.17 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 earnings per share. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. Research analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio is presently 89.87%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ADM shares. UBS Group restated a "buy" rating and issued a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. JPMorgan Chase & Co. assumed coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price target for the company. Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $50.00 to $61.00 in a research report on Wednesday, August 6th. Finally, Morgan Stanley upped their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 12th. One equities research 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, the company has a consensus rating of "Hold" and an average 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.