Baird Financial Group Inc. Reduces Holdings in Archer Daniels Midland Company $ADM

Key Points

• Baird Financial Group Inc. reduced its stake in Archer Daniels Midland Company (ADM) by 6.7%, selling 8,104 shares to hold a total of 113,069 shares worth approximately $5.43 million.
• Archer Daniels Midland's recent earnings report showed earnings per share of $0.93, outperforming estimates of $0.88, but revenue decreased by 4.9% year-over-year.
• The company has declared a quarterly dividend of $0.51, representing an annualized yield of 3.3%, with a dividend payout ratio of 89.87%.

Baird Financial Group Inc. reduced its stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 6.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 113,069 shares of the company's stock after selling 8,104 shares during the quarter. Baird Financial Group Inc.'s holdings in Archer Daniels Midland were worth $5,428,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ADM. S.A. Mason LLC purchased a new position in shares of Archer Daniels Midland during the 1st quarter valued at approximately $25,000. Headlands Technologies LLC acquired a new position in shares of Archer Daniels Midland in the first quarter worth about $25,000. ORG Partners LLC boosted its stake in shares of Archer Daniels Midland by 297.2% during the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $34,000 after acquiring an additional 523 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Archer Daniels Midland during the 1st quarter valued at about $37,000. Finally, Capital Advisors Ltd. LLC increased its stake in shares of Archer Daniels Midland by 43.4% in 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 in the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Price Performance

ADM stock traded down $0.82 during mid-day trading on Wednesday, reaching $61.38. The company's stock had a trading volume of 3,605,657 shares, compared to its average volume of 3,385,635. 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's 50 day moving average is $57.98 and its two-hundred day moving average is $51.69. Archer Daniels Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $64.38. The stock has a market cap of $29.49 billion, a PE ratio of 27.04, a P/E/G ratio of 3.31 and a beta of 0.69.

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 analysts' consensus estimates of $0.88 by $0.05. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The business had revenue of $21.17 billion during the quarter, compared to analyst estimates of $21.56 billion. During the same period in the prior year, the business earned $1.03 earnings per share. The business'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. Equities research analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

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

Analysts Set New Price Targets

ADM has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Archer Daniels Midland from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Morgan Stanley lifted 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 shares of Archer Daniels Midland in a research note on Wednesday, August 20th. They set a "neutral" rating and a $61.00 target price for the company. UBS Group reaffirmed a "buy" rating and issued a $70.00 price target (up from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Finally, Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $50.00 to $61.00 in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Archer Daniels Midland has an average rating of "Hold" and a consensus target price of $55.50.

About Archer Daniels Midland

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.