Kestra Advisory Services LLC Has $904,000 Position in Archer Daniels Midland Company $ADM

Key Points

• Kestra Advisory Services LLC reduced its holdings in Archer Daniels Midland Company by 22.2%, selling 5,372 shares, and now owns 18,827 shares worth $904,000.
• Institutional investors currently own 78.28% of the company's stock, with Charles Schwab Investment Management raising its holdings by 350.4% in the first quarter.
• Archer Daniels Midland announced a quarterly dividend of $0.51 per share, with a dividend yield of 3.3%, scheduled to be paid on September 10th.

Kestra Advisory Services LLC cut its position in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 22.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,827 shares of the company's stock after selling 5,372 shares during the quarter. Kestra Advisory Services LLC's holdings in Archer Daniels Midland were worth $904,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. S.A. Mason LLC acquired a new position in Archer Daniels Midland in the 1st quarter valued at $25,000. Headlands Technologies LLC bought a new stake in Archer Daniels Midland in the 1st quarter valued at $25,000. ORG Partners LLC boosted its holdings in Archer Daniels Midland by 297.2% in the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock valued at $34,000 after purchasing an additional 523 shares during the period. NBC Securities Inc. bought a new stake in Archer Daniels Midland in the 1st quarter valued at $37,000. Finally, Capital Advisors Ltd. LLC boosted its holdings in Archer Daniels Midland by 43.4% in 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 period. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. Morgan Stanley raised their price objective on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. UBS Group reaffirmed a "buy" rating and set a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Finally, JPMorgan Chase & Co. started coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They set a "neutral" rating and a $61.00 price objective for the company. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to 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 $0.97 during trading on Friday, hitting $62.91. 2,655,895 shares of the stock traded hands, compared to its average volume of 3,408,997. 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 $30.23 billion, a price-to-earnings ratio of 27.71, a P/E/G ratio of 3.30 and a beta of 0.69. The company has a 50 day simple moving average of $57.52 and a 200 day simple moving average of $51.38. 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 announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.05. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The firm had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $21.56 billion. During the same period last year, the firm posted $1.03 EPS. The firm's quarterly 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. Equities analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio (DPR) is currently 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.