Russell Investments Group Ltd. Sells 635,984 Shares of Archer Daniels Midland Company $ADM

Key Points

• Russell Investments Group Ltd. has significantly reduced its stake in Archer Daniels Midland, selling 635,984 shares, which represents a 51.1% decrease in ownership.
• Archer Daniels Midland reported a net margin of 1.33% and quarterly earnings of $0.93 per share, surpassing expectations but showing a decline in revenue by 4.9% compared to the prior year.
• The company has declared a quarterly dividend of $0.51, translating to a 3.4% yield, with the next payment scheduled for September 10th.

Russell Investments Group Ltd. lowered its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 51.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 608,475 shares of the company's stock after selling 635,984 shares during the quarter. Russell Investments Group Ltd. owned about 0.13% of Archer Daniels Midland worth $29,213,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of Archer Daniels Midland by 350.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company's stock valued at $838,030,000 after purchasing an additional 13,579,379 shares during the period. Northern Trust Corp lifted its stake in shares of Archer Daniels Midland by 2.6% in the 4th quarter. Northern Trust Corp now owns 11,035,011 shares of the company's stock valued at $557,489,000 after purchasing an additional 275,792 shares during the period. Invesco Ltd. lifted its stake in shares of 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 purchasing an additional 607,767 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of Archer Daniels Midland by 20.9% in 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 purchasing an additional 727,675 shares during the period. Finally, ProShare Advisors LLC increased its position in shares of Archer Daniels Midland by 18.0% in the 4th quarter. ProShare Advisors LLC now owns 3,410,560 shares of the company's stock valued at $172,301,000 after buying an additional 520,615 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ADM. Bank of America cut shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and lowered their price objective for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Morgan Stanley increased their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. Wall Street Zen upgraded Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. assumed coverage on Archer Daniels Midland in a report on Wednesday. They set a "neutral" rating and a $61.00 target price for the company. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $55.50.

Archer Daniels Midland Stock Performance

Shares of NYSE:ADM traded up $1.1750 during trading on Wednesday, reaching $60.6250. 2,333,287 shares of the stock were exchanged, compared to its average volume of 3,956,800. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $62.61. The firm has a market cap of $29.13 billion, a PE ratio of 26.64, a PEG ratio of 3.17 and a beta of 0.68. The stock has a 50-day moving average price of $54.98 and a 200-day moving average price of $49.98. 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 issued its quarterly earnings data 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 company had revenue of $21.17 billion during the quarter, compared to analysts' expectations of $21.56 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The business's 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. Research analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently announced 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 3.4%. The ex-dividend date of this dividend is Wednesday, August 20th. Archer Daniels Midland's payout ratio is presently 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.