Gamco Investors INC. ET AL Decreases Stock Holdings in Archer Daniels Midland Company $ADM

Key Points

• Gamco Investors INC. ET AL has reduced its stake in Archer Daniels Midland Company by 3.0%, now holding 285,834 shares worth approximately $13.7 million.
• Wellington Management Group increased its stake in Archer Daniels Midland by 17.9%, while Charles Schwab Investment Management boosted theirs significantly by 350.4%.
• Archer Daniels Midland's recent quarterly earnings report showed a 4.9% decrease in revenue year-over-year, with EPS of $0.93 surpassing analyst expectations of $0.88.

Gamco Investors INC. ET AL trimmed its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 3.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 285,834 shares of the company's stock after selling 8,750 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.06% of Archer Daniels Midland worth $13,723,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Gabelli Funds LLC boosted its position in shares of Archer Daniels Midland by 0.6% in the first quarter. Gabelli Funds LLC now owns 202,400 shares of the company's stock worth $9,717,000 after purchasing an additional 1,300 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Archer Daniels Midland by 68.3% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 156,410 shares of the company's stock worth $7,509,000 after purchasing an additional 63,500 shares during the period. Southeast Asset Advisors LLC bought a new position in shares of Archer Daniels Midland in the first quarter worth approximately $264,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Archer Daniels Midland by 5.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 28,358 shares of the company's stock worth $1,361,000 after purchasing an additional 1,375 shares during the period. Finally, Allstate Corp boosted its position in shares of Archer Daniels Midland by 13.0% in the first quarter. Allstate Corp now owns 16,083 shares of the company's stock worth $772,000 after purchasing an additional 1,850 shares during the period. 78.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. 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 research report on Tuesday, August 12th. 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 research report on Wednesday, August 6th. JPMorgan Chase & Co. started coverage on shares of Archer Daniels Midland in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price target for the company. Finally, Bank of America lowered shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and dropped their target price 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 Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Archer Daniels Midland currently has a consensus rating of "Hold" and an average price target of $55.50.

Archer Daniels Midland Price Performance

Shares of NYSE:ADM traded down $0.03 during midday trading on Friday, reaching $62.63. 2,760,637 shares of the company were exchanged, compared to its average volume of 3,778,539. 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 business's fifty day moving average is $56.57 and its two-hundred day moving average is $50.86. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $64.38. The stock has a market cap of $30.09 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 3.34 and a beta of 0.68.

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 for the quarter, topping analysts' consensus estimates of $0.88 by $0.05. The firm had revenue of $21.17 billion during the quarter, compared to analyst estimates of $21.56 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. Archer Daniels Midland's revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 earnings per share. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be paid 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 yield of 3.3%. Archer Daniels Midland's dividend payout ratio is presently 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.