State of New Jersey Common Pension Fund D Sells 16,414 Shares of Archer Daniels Midland Company $ADM

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in Archer Daniels Midland Company (ADM) by 9.4%, owning 157,438 shares valued at $7.56 million after selling 16,414 shares in the first quarter.
• Several institutional investors increased their holdings in ADM, with Brandywine Global Investment Management LLC raising its stake by 23.1% and Kovitz Investment Group Partners LLC increasing theirs by 1,351.3%.
• Archer Daniels Midland announced a quarterly dividend of $0.51 per share, with a payout ratio of 89.87%, emphasizing its continued commitment to returning value to shareholders.

State of New Jersey Common Pension Fund D decreased its holdings in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 9.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 157,438 shares of the company's stock after selling 16,414 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Archer Daniels Midland were worth $7,559,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Foundations Investment Advisors LLC grew its stake in shares of Archer Daniels Midland by 5.4% during the 1st quarter. Foundations Investment Advisors LLC now owns 4,310 shares of the company's stock valued at $207,000 after purchasing an additional 220 shares during the period. Capital Advisors Ltd. LLC increased its holdings in Archer Daniels Midland by 43.4% during 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 position in Archer Daniels Midland by 4.1% in the first quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock worth $289,000 after acquiring an additional 239 shares during the period. Stolper Co boosted its stake in shares of Archer Daniels Midland by 0.8% during the 1st quarter. Stolper Co now owns 33,691 shares of the company's stock worth $1,618,000 after acquiring an additional 275 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its position in shares of Archer Daniels Midland by 6.6% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,296 shares of the company's stock valued at $254,000 after acquiring an additional 326 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on ADM shares. Morgan Stanley lifted their target price on 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. JPMorgan Chase & Co. assumed coverage on Archer Daniels Midland in a research report on Wednesday. They set a "neutral" rating and a $61.00 price objective on the stock. UBS Group reiterated a "buy" rating and set a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Bank of America cut shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Archer Daniels Midland currently has a consensus rating of "Hold" and an average price target of $55.50.

Archer Daniels Midland Price Performance

ADM stock traded up $1.8230 during mid-day trading on Friday, hitting $62.9430. The company had a trading volume of 3,777,712 shares, compared to its average volume of 3,969,224. The company has a 50-day moving average price of $55.45 and a 200 day moving average price of $50.13. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $63.40. The company has a market capitalization of $30.24 billion, a price-to-earnings ratio of 27.73, a P/E/G ratio of 3.23 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.

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, topping the consensus estimate 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 period in the previous year, the firm posted $1.03 earnings per share. The business's 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, research analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Wednesday, August 20th. 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.