Archer Daniels Midland Company $ADM Stake Reduced by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its holdings in Archer Daniels Midland Company by 56.8%, now owning 16,371 shares valued at $786,000.
• Several institutional investors have increased their positions in Archer Daniels Midland, with notable acquisitions including Handelsbanken Fonder AB, which invested approximately $1,183,000.
• Archer Daniels Midland's stock recently received multiple rating changes from analysts, with Barclays upgrading it to "equal weight" and raising the target price to $61.00.

BI Asset Management Fondsmaeglerselskab A S lessened its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 56.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,371 shares of the company's stock after selling 21,517 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Archer Daniels Midland were worth $786,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ADM. Handelsbanken Fonder AB acquired a new stake in shares of Archer Daniels Midland during the first quarter worth approximately $1,183,000. Bell Bank increased its position in shares of Archer Daniels Midland by 11.0% in the 1st quarter. Bell Bank now owns 167,536 shares of the company's stock worth $8,043,000 after purchasing an additional 16,558 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Archer Daniels Midland during the first quarter worth about $333,000. Sarasin & Partners LLP bought a new position in shares of Archer Daniels Midland during the first quarter worth about $1,200,000. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Archer Daniels Midland by 18.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 167,515 shares of the company's stock worth $8,042,000 after purchasing an additional 26,328 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ADM. Morgan Stanley boosted their price target on Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group reiterated a "buy" rating and set a $70.00 price objective (up previously from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Finally, Bank of America downgraded Archer Daniels Midland from a "neutral" rating to an "underperform" rating and decreased their target price for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $55.50.

Archer Daniels Midland Stock Performance

Archer Daniels Midland stock traded down $0.06 during mid-day trading on Wednesday, hitting $62.76. 1,533,072 shares of the company's stock traded hands, compared to its average volume of 3,965,481. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $64.38. The company has a market cap of $30.15 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 3.42 and a beta of 0.68. The firm has a 50 day moving average price of $56.04 and a 200 day moving average price of $50.51. 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 (NYSE:ADM - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the business earned $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 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be issued a dividend of $0.51 per share. 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 payout ratio is presently 89.87%.

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.