Rahlfs Capital LLC Decreases Stock Position in Archer Daniels Midland Company $ADM

Key Points

• Rahlfs Capital LLC significantly reduced its stake in Archer Daniels Midland Company (ADM) by 58.3% in Q1, decreasing its holdings to 8,190 shares valued at $393,000.
• Despite a decline in year-over-year revenue, Archer Daniels Midland reported earnings per share (EPS) of $0.93 for the last quarter, exceeding analyst expectations of $0.88.
• The company has announced a quarterly dividend of $0.51, resulting in an annual yield of 3.2%, with the dividend payout ratio currently at 89.87%.

Rahlfs Capital LLC decreased its position in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 58.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,190 shares of the company's stock after selling 11,450 shares during the quarter. Rahlfs Capital LLC's holdings in Archer Daniels Midland were worth $393,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ADM. Wellington Management Group LLP grew its position in Archer Daniels Midland by 17.9% during the 1st quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company's stock worth $1,197,568,000 after purchasing an additional 3,791,597 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 purchasing an additional 13,579,379 shares in the last quarter. Northern Trust Corp boosted its position in shares of Archer Daniels Midland by 3.7% in the 1st quarter. Northern Trust Corp now owns 11,448,325 shares of the company's stock worth $549,634,000 after buying an additional 413,314 shares in the last quarter. Invesco Ltd. grew its stake in Archer Daniels Midland by 8.5% in the 1st quarter. Invesco Ltd. now owns 7,753,585 shares of the company's stock valued at $372,250,000 after acquiring an additional 607,767 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Archer Daniels Midland by 20.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 4,212,681 shares of the company's stock valued at $212,825,000 after acquiring an additional 727,675 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ADM shares. Bank of America lowered shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and lowered their price target for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. JPMorgan Chase & Co. started 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. 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 report on Tuesday, August 12th. Wall Street Zen upgraded shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Barclays upgraded shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $50.00 to $61.00 in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $55.50.

Archer Daniels Midland Trading Down 0.2%

Shares of NYSE ADM traded down $0.12 during trading on Wednesday, hitting $62.71. 2,878,776 shares of the company traded hands, compared to its average volume of 3,974,312. The firm has a market capitalization of $30.13 billion, a P/E ratio of 27.62, a P/E/G ratio of 3.42 and a beta of 0.68. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average price of $56.04 and a 200-day moving average price of $50.51. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $64.38.

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 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 firm had revenue of $21.17 billion for the quarter, compared to analysts' expectations of $21.56 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The firm'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, equities analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders 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 dividend yield of 3.3%. The ex-dividend date is Wednesday, August 20th. Archer Daniels Midland's payout ratio is currently 89.87%.

About Archer Daniels Midland

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.