Archer Daniels Midland Company $ADM Shares Sold by Kingswood Wealth Advisors LLC

Key Points

• Kingswood Wealth Advisors LLC has reduced its stake in Archer Daniels Midland Company by 44.3% during the second quarter, now holding 9,932 shares valued at approximately $524,000.
• Archer Daniels Midland's latest quarterly earnings showed $0.93 earnings per share, beating expectations of $0.88, although revenue was down 4.9% year-over-year.
• The company recently declared a quarterly dividend of $0.51 per share, translating to an annual yield of 3.3%, with a high payout ratio of 89.87%.

Kingswood Wealth Advisors LLC trimmed its stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 44.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,932 shares of the company's stock after selling 7,907 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Archer Daniels Midland were worth $524,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SOA Wealth Advisors LLC. acquired a new stake in Archer Daniels Midland in the 2nd quarter valued at approximately $25,000. S.A. Mason LLC acquired a new stake in Archer Daniels Midland in the 1st quarter valued at approximately $25,000. Headlands Technologies LLC acquired a new stake in Archer Daniels Midland in the 1st quarter valued at approximately $25,000. ORG Partners LLC increased its position in Archer Daniels Midland by 297.2% in the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock valued at $34,000 after acquiring an additional 523 shares during the period. Finally, NBC Securities Inc. acquired a new stake in Archer Daniels Midland in the 1st quarter valued at approximately $37,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Performance

Shares of NYSE ADM opened at $61.31 on Friday. The stock's fifty day simple moving average is $60.64 and its 200 day simple moving average is $53.66. The stock has a market capitalization of $29.46 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 3.32 and a beta of 0.70. The company has a quick ratio of 0.90, a current ratio of 1.42 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.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released 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. The business had revenue of $21.17 billion during the quarter, compared to analyst estimates of $21.56 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.Archer Daniels Midland's revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter last year, the company posted $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, sell-side analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

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

Wall Street Analysts Forecast Growth

ADM has been the topic of several analyst reports. JPMorgan Chase & Co. initiated coverage on Archer Daniels Midland in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 target price on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Archer Daniels Midland in a research report on Wednesday. Morgan Stanley increased their price target on Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 12th. Barclays raised Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. Finally, UBS Group reaffirmed a "buy" rating and set a $70.00 price target (up from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $55.50.

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.

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