Archer Daniels Midland Company $ADM Shares Sold by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP has reduced its position in Archer Daniels Midland Company (ADM) by 24.9%, owning 88,178 shares worth approximately $4.23 million after selling 29,171 shares.
• Archer Daniels Midland recently announced a quarterly dividend of $0.51 per share, representing an annualized yield of 3.4%, with a payout ratio of 89.87%.
• In its latest earnings report, ADM posted $0.93 earnings per share, exceeding estimates, but showed a 4.9% year-over-year revenue decline with total revenue of $21.17 billion.

Quantbot Technologies LP trimmed its holdings in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 24.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 88,178 shares of the company's stock after selling 29,171 shares during the period. Quantbot Technologies LP's holdings in Archer Daniels Midland were worth $4,233,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Foundations Investment Advisors LLC raised its holdings in shares of Archer Daniels Midland by 5.4% in the first quarter. Foundations Investment Advisors LLC now owns 4,310 shares of the company's stock valued at $207,000 after buying an additional 220 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Archer Daniels Midland by 43.4% in 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. Sagespring Wealth Partners LLC raised its holdings in shares of Archer Daniels Midland by 4.1% in the first quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock valued at $289,000 after buying an additional 239 shares during the last quarter. Stolper Co raised its holdings in Archer Daniels Midland by 0.8% during the first 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 holdings in Archer Daniels Midland by 6.6% during the first 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 owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on ADM. Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. began coverage on shares of Archer Daniels Midland in a report on Wednesday. They set a "neutral" rating and a $61.00 price target for the company. Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. Bank of America cut shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and cut their price target for the stock from $47.00 to $45.00 in a 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 report on Monday, August 11th. One investment 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 MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $55.50.

Archer Daniels Midland Price Performance

Archer Daniels Midland stock traded up $1.8230 during mid-day trading on Friday, reaching $62.9430. The company had a trading volume of 5,237,137 shares, compared to its average volume of 3,549,769. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $63.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. The company has a market capitalization of $30.24 billion, a P/E ratio of 27.73, a P/E/G ratio of 3.25 and a beta of 0.68. The stock's 50-day simple moving average is $55.67 and its 200-day simple moving average is $50.23.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 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 company posted $1.03 earnings per share. The firm'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. On average, equities analysts predict that Archer Daniels Midland Company will post 4.31 EPS 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. Stockholders of record on Wednesday, August 20th will be given a $0.51 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $2.04 annualized dividend and a dividend yield of 3.2%. Archer Daniels Midland's dividend payout ratio 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.