DoubleLine ETF Adviser LP Sells 5,044 Shares of Archer Daniels Midland Company $ADM

Key Points

• DoubleLine ETF Adviser LP reduced its stake in Archer Daniels Midland Company by 18.6%, selling 5,044 shares and holding 22,105 shares valued at approximately $1,061,000 at the end of Q1.
• A variety of institutional investors have increased or initiated positions in Archer Daniels Midland, with 78.28% of the stock now owned by these investors.
• Several analysts have revised their ratings and price targets for the company, with Bank of America downgrading it to "underperform" at a target of $45.00, while UBS raised its target to $70.00.

DoubleLine ETF Adviser LP reduced its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 18.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,105 shares of the company's stock after selling 5,044 shares during the period. DoubleLine ETF Adviser LP's holdings in Archer Daniels Midland were worth $1,061,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. S.A. Mason LLC bought a new stake in Archer Daniels Midland during the 1st quarter worth approximately $25,000. Headlands Technologies LLC bought a new stake in Archer Daniels Midland during the 1st quarter worth approximately $25,000. ORG Partners LLC grew its position in 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 during the last quarter. NBC Securities Inc. bought a new stake in Archer Daniels Midland during the 1st quarter worth approximately $37,000. Finally, Capital Advisors Ltd. LLC grew 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 worth $38,000 after acquiring an additional 237 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Trading Down 1.1%

Shares of ADM stock traded down $0.72 during trading hours on Monday, reaching $62.22. The company had a trading volume of 4,161,475 shares, compared to its average volume of 3,944,177. The company has a 50 day moving average of $57.52 and a 200 day moving average of $51.46. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. The firm has a market cap of $29.90 billion, a price-to-earnings ratio of 27.41, a P/E/G ratio of 3.35 and a beta of 0.68. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $64.38.

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 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 company had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $21.56 billion. During the same quarter in the prior year, the business posted $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. On average, equities research analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The company also recently disclosed 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 is Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.3%. Archer Daniels Midland's dividend payout ratio is currently 89.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ADM shares. UBS Group restated a "buy" rating and set a $70.00 price target (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Wall Street Zen raised Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Morgan Stanley upped their price objective on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. Barclays raised Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. began coverage on Archer Daniels Midland in a report on Wednesday, August 20th. They set a "neutral" rating and a $61.00 price objective on the stock. One 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.com, the company presently has an average rating of "Hold" and a consensus target price of $55.50.

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.