Ruffer LLP Has $4.96 Million Stock Holdings in Archer Daniels Midland Company $ADM

Key Points

• Ruffer LLP significantly reduced its stake in Archer Daniels Midland Company by 90.7%, holding $4.96 million worth of shares after selling 914,828 shares in the second quarter.
• Major institutional investors such as Wellington Management Group and Charles Schwab Investment Management have increased their holdings in Archer Daniels Midland, indicating growing confidence in the company.
• Archer Daniels Midland reported a quarterly earnings per share of $0.93, surpassing expectations, while the company also declared a quarterly dividend yielding 3.3%.

Ruffer LLP lessened its position in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 90.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 93,910 shares of the company's stock after selling 914,828 shares during the period. Ruffer LLP's holdings in Archer Daniels Midland were worth $4,957,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of Archer Daniels Midland by 17.9% in the first quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company's stock valued at $1,197,568,000 after buying an additional 3,791,597 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Archer Daniels Midland by 350.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company's stock valued at $838,030,000 after buying an additional 13,579,379 shares in the last quarter. Northern Trust Corp increased its stake in shares of Archer Daniels Midland by 3.7% in the first quarter. Northern Trust Corp now owns 11,448,325 shares of the company's stock valued at $549,634,000 after buying an additional 413,314 shares in the last quarter. Invesco Ltd. increased its stake in shares of Archer Daniels Midland by 8.5% in the first quarter. Invesco Ltd. now owns 7,753,585 shares of the company's stock valued at $372,250,000 after buying an additional 607,767 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Archer Daniels Midland by 6.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,015,752 shares of the company's stock valued at $144,783,000 after buying an additional 184,852 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Wall Street Analyst Weigh In

ADM has been the subject of a number of research reports. Morgan Stanley lifted their price objective on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. UBS Group reiterated a "buy" rating and issued a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. JPMorgan Chase & Co. initiated coverage on Archer Daniels Midland in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price objective for the company. Wall Street Zen upgraded Archer Daniels Midland from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock 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 assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $55.50.

Archer Daniels Midland Trading Up 1.4%

NYSE:ADM opened at $61.53 on Thursday. Archer Daniels Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $64.38. 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 stock has a market capitalization of $29.56 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 3.23 and a beta of 0.69. The business's 50-day simple moving average is $59.30 and its 200-day simple moving average is $52.64.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.05. The business had revenue of $21.17 billion for the quarter, compared to analysts' expectations of $21.56 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.Archer Daniels Midland's revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. Sell-side analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.04 annualized dividend and a dividend yield of 3.3%. Archer Daniels Midland's payout ratio is 89.87%.

Archer Daniels Midland 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.

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