Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 52,200 Shares of Archer Daniels Midland Company $ADM

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund has significantly reduced its stake in Archer Daniels Midland Company by 46.8%, selling 52,200 shares, leaving it with 59,443 shares valued at approximately $2.85 million.
• Several institutional investors have increased their holdings in Archer Daniels Midland, with Charles Schwab Investment Management Inc. boosting its stake by 350.4%, acquiring over 13 million additional shares.
• Archer Daniels Midland recently announced a quarterly dividend of $0.51, yielding 3.4%, and has a projected EPS of 4.31 for the current year.

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 46.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 59,443 shares of the company's stock after selling 52,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Archer Daniels Midland were worth $2,854,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Foundations Investment Advisors LLC lifted its holdings in Archer Daniels Midland by 5.4% during the first quarter. Foundations Investment Advisors LLC now owns 4,310 shares of the company's stock worth $207,000 after acquiring an additional 220 shares during the period. Capital Advisors Ltd. LLC increased its position in shares of Archer Daniels Midland by 43.4% during 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 during the last quarter. Sagespring Wealth Partners LLC increased its position in shares of Archer Daniels Midland by 4.1% during the 1st quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock valued at $289,000 after purchasing an additional 239 shares during the last quarter. Stolper Co boosted its holdings in shares of Archer Daniels Midland by 0.8% in the 1st quarter. Stolper Co now owns 33,691 shares of the company's stock worth $1,618,000 after buying an additional 275 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its position in Archer Daniels Midland by 6.6% during the first quarter. Fifth Third Wealth Advisors LLC now owns 5,296 shares of the company's stock valued at $254,000 after buying an additional 326 shares during the period. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADM has been the topic of several research reports. UBS Group reaffirmed a "buy" rating and issued a $70.00 price objective (up previously from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. JPMorgan Chase & Co. initiated coverage on shares of Archer Daniels Midland in a report on Wednesday. They issued a "neutral" rating and a $61.00 price target on the stock. Barclays raised 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 report on Wednesday, August 6th. Morgan Stanley boosted their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 12th. Finally, Bank of America cut Archer Daniels Midland from a "neutral" rating to an "underperform" rating and dropped their price target for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Archer Daniels Midland presently has a consensus rating of "Hold" and a consensus target price of $55.50.

Archer Daniels Midland Price Performance

ADM stock traded up $0.43 during mid-day trading on Thursday, reaching $61.16. 2,583,018 shares of the company traded hands, compared to its average volume of 3,960,913. The company has a fifty day moving average price of $55.22 and a 200-day moving average price of $50.05. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $62.61. The company has a market capitalization of $29.38 billion, a P/E ratio of 26.93, a P/E/G ratio of 3.19 and a beta of 0.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.05. The firm had revenue of $21.17 billion for the quarter, compared to the consensus estimate 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 for the quarter was down 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 earnings per share. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

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 given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Wednesday, August 20th. Archer Daniels Midland's payout ratio is 89.87%.

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.