Canada Pension Plan Investment Board Sells 755,849 Shares of Archer Daniels Midland Company $ADM

Key Points

• The Canada Pension Plan Investment Board reduced its shareholding in Archer Daniels Midland Company by 58.7%, holding 531,990 shares valued at approximately $25.54 million after selling 755,849 shares in Q1.
• Analysts maintain a mixed outlook on Archer Daniels Midland, with one upgrading the stock to hold, while others have set price targets ranging from $45 to $70, reflecting a consensus price target of $55.50.
• Archers Daniels Midland recently announced a quarterly dividend of $0.51 per share, representing a 3.3% yield, with the ex-dividend date set for August 20th.

Canada Pension Plan Investment Board decreased its position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 58.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 531,990 shares of the company's stock after selling 755,849 shares during the period. Canada Pension Plan Investment Board owned approximately 0.11% of Archer Daniels Midland worth $25,541,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. S.A. Mason LLC bought a new position in Archer Daniels Midland during the first quarter valued at $25,000. Headlands Technologies LLC bought a new position in Archer Daniels Midland during the first quarter valued at $25,000. ORG Partners LLC increased its position in Archer Daniels Midland by 297.2% during the first 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 last quarter. NBC Securities Inc. bought a new position in Archer Daniels Midland during the first quarter valued at $37,000. Finally, Capital Advisors Ltd. LLC increased its position in Archer Daniels Midland by 43.4% during the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after acquiring an additional 237 shares during the last quarter. Institutional investors own 78.28% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on ADM shares. Bank of America cut shares of 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. JPMorgan Chase & Co. started coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price target on the stock. UBS Group restated a "buy" rating and issued a $70.00 price target (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Barclays upgraded shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. Finally, Morgan Stanley upped their price target on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $55.50.

Archer Daniels Midland Stock Up 1.6%

Archer Daniels Midland stock traded up $0.97 during midday trading on Friday, hitting $62.91. 2,619,398 shares of the company's stock were exchanged, compared to its average volume of 3,936,983. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $64.38. The firm has a 50-day moving average of $57.31 and a two-hundred day moving average of $51.27. The company has a market cap of $30.23 billion, a PE ratio of 27.71, a P/E/G ratio of 3.29 and a beta of 0.69.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, topping 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 company had revenue of $21.17 billion for the quarter, compared to analysts' expectations of $21.56 billion. During the same period in the prior year, the business earned $1.03 EPS. The firm's quarterly revenue was down 4.9% on a year-over-year basis. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company 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 $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 (DPR) is currently 89.87%.

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.