Archer Daniels Midland Company $ADM Shares Sold by FORA Capital LLC

Key Points

• FORA Capital LLC reduced its stake in Archer Daniels Midland Company (ADM) by 52.5% in Q1, bringing its total holdings to 39,339 shares valued at approximately $1.89 million.
• Archer Daniels Midland reported a quarterly earnings of $0.93 per share, surpassing analysts' estimate of $0.88, despite a 4.9% decline in revenue compared to the previous year.
• The company has declared a quarterly dividend of $0.51 per share, resulting in an annualized yield of 3.2%, with an ex-dividend date set for August 20th.

FORA Capital LLC reduced its position in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 52.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,339 shares of the company's stock after selling 43,395 shares during the period. FORA Capital LLC's holdings in Archer Daniels Midland were worth $1,889,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ADM. S.A. Mason LLC purchased a new stake in shares of Archer Daniels Midland during the 1st quarter worth approximately $25,000. Headlands Technologies LLC bought a new stake in Archer Daniels Midland during the first quarter worth approximately $25,000. ORG Partners LLC grew its stake 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 buying an additional 523 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Archer Daniels Midland during the first quarter valued at approximately $37,000. Finally, Capital Advisors Ltd. LLC grew its stake in shares of 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 buying an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Price Performance

NYSE:ADM traded down $0.03 during trading hours on Monday, hitting $62.63. 2,760,637 shares of the stock were exchanged, compared to its average volume of 3,787,396. The firm's fifty day moving average price is $56.57 and its 200 day moving average price is $50.89. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $64.38. The company has a market cap of $30.09 billion, a P/E ratio of 27.59, a P/E/G ratio of 3.34 and a beta of 0.68. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its earnings results 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. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The business had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $21.56 billion. During the same quarter last year, the business posted $1.03 earnings per share. The business's quarterly revenue was down 4.9% compared to the same quarter last year. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, equities research analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.3%. Archer Daniels Midland's dividend payout ratio is presently 89.87%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. started coverage on Archer Daniels Midland in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price objective on the stock. Morgan Stanley upped their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th. 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. Barclays raised 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, Wall Street Zen upgraded Archer Daniels Midland from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $55.50.

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.