Gulf International Bank UK Ltd Has $1.27 Million Position in Archer Daniels Midland Company $ADM

Key Points

• Gulf International Bank UK Ltd reduced its stake in Archer Daniels Midland by 37.8%, owning 26,372 shares valued at approximately $1.27 million after selling 16,042 shares in the last quarter.
• Several analysts have changed their ratings on Archer Daniels Midland, with UBS Group raising its price target from $60 to $70, while Bank of America lowered its rating from "neutral" to "underperform."
• The company reported earnings of $0.93 per share, exceeding analyst expectations, but its revenue of $21.17 billion fell short of estimates by 4.9% year-over-year.

Gulf International Bank UK Ltd decreased its position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 37.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,372 shares of the company's stock after selling 16,042 shares during the quarter. Gulf International Bank UK Ltd's holdings in Archer Daniels Midland were worth $1,266,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Foundations Investment Advisors LLC increased its position in Archer Daniels Midland by 5.4% during the 1st quarter. Foundations Investment Advisors LLC now owns 4,310 shares of the company's stock valued at $207,000 after purchasing an additional 220 shares during the period. Capital Advisors Ltd. LLC increased its position in Archer Daniels Midland by 43.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after purchasing an additional 237 shares during the period. Sagespring Wealth Partners LLC increased its position in Archer Daniels Midland by 4.1% during the 1st quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock valued at $289,000 after purchasing an additional 239 shares during the period. Stolper Co increased its position in Archer Daniels Midland by 0.8% during the 1st quarter. Stolper Co now owns 33,691 shares of the company's stock valued at $1,618,000 after purchasing an additional 275 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its position in Archer Daniels Midland by 6.6% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,296 shares of the company's stock valued at $254,000 after purchasing an additional 326 shares during the period. Institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Trading Up 1.1%

Shares of Archer Daniels Midland stock traded up $0.6490 on Thursday, reaching $61.3790. 924,849 shares of the company's stock were exchanged, compared to its average volume of 3,951,294. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $62.61. The firm's 50-day moving average is $55.22 and its two-hundred day moving average is $50.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. The company has a market capitalization of $29.49 billion, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 3.19 and a beta of 0.68.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $21.56 billion. During the same quarter last year, the firm posted $1.03 EPS. Archer Daniels Midland's revenue 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. Sell-side analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have weighed in on ADM shares. Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. Morgan Stanley increased their target price on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. initiated coverage on Archer Daniels Midland in a report on Wednesday. They set a "neutral" rating and a $61.00 price target on the stock. Wall Street Zen upgraded Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Bank of America cut Archer Daniels Midland from a "neutral" rating to an "underperform" rating and cut their price target for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Archer Daniels Midland has a consensus rating of "Hold" and an average price target 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.