Jacobs Levy Equity Management Inc. Sells 2,735,218 Shares of Archer Daniels Midland Company $ADM

Key Points

• Jacobs Levy Equity Management Inc. significantly reduced its stake in Archer Daniels Midland Company, selling 2,735,218 shares and lowering its ownership by 64.9% in the first quarter.
• Archer Daniels Midland's quarterly earnings exceeded analyst expectations, reporting an EPS of $0.93 versus the consensus estimate of $0.88, despite a year-over-year revenue decline of 4.9%.
• The company has declared a quarterly dividend of $0.51, representing a 3.3% yield, with the ex-dividend date set for August 20th.

Jacobs Levy Equity Management Inc. trimmed its position in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 64.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,477,463 shares of the company's stock after selling 2,735,218 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.31% of Archer Daniels Midland worth $70,933,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Foundations Investment Advisors LLC boosted its position in Archer Daniels Midland by 5.4% during the 1st 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 boosted its position 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 period. Sagespring Wealth Partners LLC boosted its position in Archer Daniels Midland by 4.1% during the 1st quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock worth $289,000 after acquiring an additional 239 shares during the period. Stolper Co raised its stake in shares of Archer Daniels Midland by 0.8% during the 1st quarter. Stolper Co now owns 33,691 shares of the company's stock worth $1,618,000 after purchasing an additional 275 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its stake in shares of Archer Daniels Midland by 6.6% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,296 shares of the company's stock worth $254,000 after purchasing an additional 326 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Stock Performance

Shares of ADM stock traded down $0.14 during trading on Tuesday, reaching $62.16. The company had a trading volume of 2,316,643 shares, compared to its average volume of 3,934,659. The firm's 50 day simple moving average is $57.71 and its two-hundred day simple moving average is $51.55. 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 Company has a one year low of $40.98 and a one year high of $64.38. The company has a market capitalization of $29.86 billion, a PE ratio of 27.38, a PEG ratio of 3.35 and a beta of 0.68.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.93 earnings per share 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 business had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $21.56 billion. During the same period last year, the business earned $1.03 EPS. The firm's 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. Sell-side analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The firm 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 $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 20th. Archer Daniels Midland's payout ratio is currently 89.87%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ADM. Wall Street Zen raised Archer Daniels Midland from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Barclays raised Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $50.00 to $61.00 in a research note on Wednesday, August 6th. JPMorgan Chase & Co. began coverage on Archer Daniels Midland in a research note on Wednesday, August 20th. They set a "neutral" rating and a $61.00 price target for the company. Morgan Stanley raised their price target on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 12th. Finally, UBS Group reaffirmed a "buy" rating and set a $70.00 price target (up from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Archer Daniels Midland has a consensus rating of "Hold" and a consensus target price of $55.50.

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.