Archer Daniels Midland Company $ADM Shares Sold by Aberdeen Group plc

Key Points

• Aberdeen Group plc has reduced its holdings in Archer Daniels Midland Company (ADM) by 13.6%, selling 41,860 shares and holding a total of 265,755 shares valued at approximately $12.77 million.
• Analyst ratings on ADM have become mixed, with Bank of America downgrading the stock to "underperform", while UBS Group raised its target price and maintained a "buy" rating.
• The company announced a $0.51 per share quarterly dividend, representing an annualized yield of 3.4%, with a payout ratio of 89.87%.

Aberdeen Group plc decreased its stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 13.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 265,755 shares of the company's stock after selling 41,860 shares during the quarter. Aberdeen Group plc owned about 0.06% of Archer Daniels Midland worth $12,772,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its stake 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 valued at $838,030,000 after purchasing an additional 13,579,379 shares in the last quarter. Northern Trust Corp increased its stake in Archer Daniels Midland by 2.6% during the 4th quarter. Northern Trust Corp now owns 11,035,011 shares of the company's stock valued at $557,489,000 after purchasing an additional 275,792 shares in the last quarter. Invesco Ltd. increased its stake 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 purchasing an additional 607,767 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Archer Daniels Midland by 20.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 4,212,681 shares of the company's stock worth $212,825,000 after acquiring an additional 727,675 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of Archer Daniels Midland by 18.0% in the fourth quarter. ProShare Advisors LLC now owns 3,410,560 shares of the company's stock worth $172,301,000 after acquiring an additional 520,615 shares during the period. Institutional investors and hedge funds own 78.28% of the company's stock.

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of research reports. Bank of America lowered shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and cut their price objective for the stock from $47.00 to $45.00 in a research note on Thursday, May 8th. Wall Street Zen upgraded shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. UBS Group reiterated a "buy" rating and issued 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. assumed coverage on shares of Archer Daniels Midland in a report on Wednesday. They set a "neutral" rating and a $61.00 price target on the stock. Finally, Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Archer Daniels Midland has an average rating of "Hold" and a consensus target price of $55.50.

Archer Daniels Midland Price Performance

ADM traded up $1.8230 during midday trading on Friday, hitting $62.9430. 5,237,137 shares of the company traded hands, compared to its average volume of 3,549,769. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $30.24 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 3.25 and a beta of 0.68. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $63.40. The business has a 50 day simple moving average of $55.67 and a two-hundred day simple moving average of $50.23.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted 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. The business had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $21.56 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The company's revenue was down 4.9% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. 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 fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Wednesday, August 20th. 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.