Federated Hermes Inc. Has $510,000 Stock Position in Archer Daniels Midland Company (NYSE:ADM)

Key Points

• Federated Hermes Inc. reduced its holdings in Archer Daniels Midland Company (NYSE:ADM) by 48.8% in the first quarter, leaving them with 10,622 shares valued at approximately $510,000.
• Several large investors have increased their stakes in ADM, with Envestnet Asset Management Inc. boosting its position by 83.3% during the fourth quarter.
• Archer Daniels Midland reported a quarterly earnings per share (EPS) of $0.93, exceeding expectations but showing a 4.9% decline in revenue year-over-year.

Federated Hermes Inc. trimmed its holdings in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 48.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,622 shares of the company's stock after selling 10,136 shares during the quarter. Federated Hermes Inc.'s holdings in Archer Daniels Midland were worth $510,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ADM. S.A. Mason LLC bought a new position in shares of Archer Daniels Midland during the first quarter valued at $25,000. ORG Partners LLC lifted its holdings in shares of 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 period. NBC Securities Inc. bought a new position in shares of Archer Daniels Midland in the first quarter valued at about $37,000. Capital Advisors Ltd. LLC grew its holdings 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. Finally, Golden State Wealth Management LLC lifted its position in shares of Archer Daniels Midland by 109.8% during the first quarter. Golden State Wealth Management LLC now owns 839 shares of the company's stock worth $40,000 after purchasing an additional 439 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ADM has been the topic of several research reports. UBS Group reaffirmed a "buy" rating and set a $70.00 price objective (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday. Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. Wall Street Zen upgraded Archer Daniels Midland from a "sell" rating to a "hold" rating in a research report on Saturday. Citigroup lowered their price objective on Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Finally, Bank of America lowered Archer Daniels Midland from a "neutral" rating to an "underperform" rating and lowered their price objective for the stock from $47.00 to $45.00 in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $53.29.

Archer Daniels Midland Stock Up 0.8%

Shares of NYSE:ADM traded up $0.48 during trading on Monday, hitting $58.32. 3,063,247 shares of the company's stock traded hands, compared to its average volume of 3,981,926. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $62.61. 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 has a market cap of $28.02 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 3.08 and a beta of 0.68. The company has a 50-day moving average price of $53.34 and a 200-day moving average price of $49.57.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 8.43% and a net margin of 1.33%. Archer Daniels Midland's revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.03 EPS. As a group, research analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be given 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 dividend yield of 3.5%. Archer Daniels Midland's payout ratio is 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.