Rafferty Asset Management LLC Has $1.58 Million Stock Position in Archer Daniels Midland Company $ADM

Key Points

• Rafferty Asset Management LLC has reduced its stake in Archer Daniels Midland Company by 20.5%, now holding a total of 32,998 shares valued at approximately $1.58 million.
• Recent analyst updates have varied, with Morgan Stanley raising its price target to $57.00, while Bank of America lowered its rating to "underperform" with a target of $45.00.
• Archer Daniels Midland reported an EPS of $0.93 for the last quarter, surpassing estimates, but its revenue decreased by 4.9% year-over-year, amounting to $21.17 billion.

Rafferty Asset Management LLC decreased its stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 20.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,998 shares of the company's stock after selling 8,502 shares during the period. Rafferty Asset Management LLC's holdings in Archer Daniels Midland were worth $1,584,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ADM. Mercer Global Advisors Inc. ADV acquired a new position in Archer Daniels Midland during the 4th quarter worth about $2,564,000. Aptus Capital Advisors LLC lifted its position in Archer Daniels Midland by 23.0% during the 4th quarter. Aptus Capital Advisors LLC now owns 4,173 shares of the company's stock valued at $211,000 after purchasing an additional 781 shares during the period. Bearing Point Capital LLC acquired a new position in Archer Daniels Midland during the 4th quarter valued at about $9,599,000. Caxton Associates LP acquired a new position in Archer Daniels Midland during the 4th quarter valued at about $618,000. Finally, Blue Capital Inc. acquired a new position in Archer Daniels Midland during the 4th quarter valued at about $754,000. Institutional investors and hedge funds own 78.28% of the company's stock.

Archer Daniels Midland Stock Up 1.6%

NYSE ADM traded up $0.97 during trading hours on Friday, reaching $62.91. 2,655,895 shares of the company's stock were exchanged, compared to its average volume of 3,408,997. The company's 50-day moving average is $57.52 and its two-hundred day moving average is $51.42. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $64.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. The company has a market capitalization of $30.23 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 3.35 and a beta of 0.69.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $21.56 billion. During the same period in the prior year, the business earned $1.03 EPS. Archer Daniels Midland's revenue for the quarter 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, analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently announced 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. This represents a $2.04 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio is presently 89.87%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ADM shares. Morgan Stanley upped their target price on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th. 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. UBS Group restated a "buy" rating and set a $70.00 target price (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. JPMorgan Chase & Co. started coverage on shares of Archer Daniels Midland in a research report on Wednesday, August 20th. They set a "neutral" rating and a $61.00 target price on the stock. Finally, Barclays upgraded shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Archer Daniels Midland has an average rating of "Hold" and an average price target 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.