Hsbc Holdings PLC Sells 71,263 Shares of Archer Daniels Midland Company $ADM

Key Points

• Hsbc Holdings PLC has reduced its stake in Archer Daniels Midland Company (NYSE:ADM) by 7.8%, now holding approximately 0.18% of the company, valued at $40.41 million.
• Wall Street analysts have mixed opinions on ADM, with price targets ranging from $45.00 to $70.00, and a consensus rating of "Hold."
• Archer Daniels Midland recently declared a quarterly dividend of $0.51 per share, representing a 3.2% dividend yield and a payout ratio of approximately 89.87%.

Hsbc Holdings PLC reduced its position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 7.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 842,357 shares of the company's stock after selling 71,263 shares during the period. Hsbc Holdings PLC owned about 0.18% of Archer Daniels Midland worth $40,411,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ADM. Charles Schwab Investment Management Inc. boosted its position in shares of Archer Daniels Midland by 350.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company's stock worth $838,030,000 after buying an additional 13,579,379 shares during the period. Wellington Management Group LLP boosted its position in shares of Archer Daniels Midland by 17.9% during the first quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company's stock worth $1,197,568,000 after buying an additional 3,791,597 shares during the period. Nuveen LLC acquired a new position in shares of Archer Daniels Midland during the first quarter worth about $81,306,000. Voloridge Investment Management LLC boosted its position in shares of Archer Daniels Midland by 56.8% during the fourth quarter. Voloridge Investment Management LLC now owns 2,328,942 shares of the company's stock worth $117,658,000 after buying an additional 843,662 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Archer Daniels Midland by 20.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 4,212,681 shares of the company's stock worth $212,825,000 after buying an additional 727,675 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ADM shares. JPMorgan Chase & Co. initiated coverage on Archer Daniels Midland in a research report on Wednesday, August 20th. They set a "neutral" rating and a $61.00 price objective for the company. Barclays raised Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. Wall Street Zen raised Archer Daniels Midland from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Bank of America cut Archer Daniels Midland from a "neutral" rating to an "underperform" rating and reduced their price target for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Finally, UBS Group reissued 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. One equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $55.50.

Archer Daniels Midland Stock Performance

Shares of ADM traded down $0.14 during mid-day trading on Wednesday, reaching $62.69. The company's stock had a trading volume of 1,389,078 shares, compared to its average volume of 3,965,074. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $64.38. The stock has a market cap of $30.12 billion, a P/E ratio of 27.60, a PEG ratio of 3.42 and a beta of 0.68. The business has a 50-day simple moving average of $56.04 and a two-hundred day simple moving average of $50.51. 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 quarterly earnings data on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $21.56 billion. During the same period last year, the firm posted $1.03 earnings per share. The business's 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. As a group, equities research analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio (DPR) is presently 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.