SVB Wealth LLC Sells 4,131 Shares of Archer Daniels Midland Company $ADM

Key Points

• SVB Wealth LLC cut its stake in Archer Daniels Midland Company (NYSE:ADM) by 51.0%, selling 4,131 shares and bringing its total to 3,974 shares, valued at approximately $191,000.
• Archer Daniels Midland recently announced a quarterly dividend of $0.51 per share, which will yield 3.2% based on an annualized dividend of $2.04.
• Despite a revenue decline of 4.9% year-over-year, Archer Daniels Midland reported an EPS of $0.93, exceeding the consensus estimate by $0.05.

SVB Wealth LLC trimmed its position in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 51.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,974 shares of the company's stock after selling 4,131 shares during the period. SVB Wealth LLC's holdings in Archer Daniels Midland were worth $191,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Handelsbanken Fonder AB bought a new stake in Archer Daniels Midland in the 1st quarter valued at about $1,183,000. Bell Bank increased its position in Archer Daniels Midland by 11.0% in the 1st quarter. Bell Bank now owns 167,536 shares of the company's stock valued at $8,043,000 after buying an additional 16,558 shares in the last quarter. SG Americas Securities LLC bought a new stake in Archer Daniels Midland in the 1st quarter valued at about $333,000. Sarasin & Partners LLP bought a new stake in Archer Daniels Midland in the 1st quarter valued at about $1,200,000. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Archer Daniels Midland by 18.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 167,515 shares of the company's stock worth $8,042,000 after purchasing an additional 26,328 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Archer Daniels Midland Stock Performance

Shares of Archer Daniels Midland stock traded down $0.12 on Wednesday, hitting $62.71. 2,896,077 shares of the company's stock were exchanged, compared to its average volume of 3,825,333. The company has a 50-day simple moving average of $56.22 and a 200-day simple moving average of $50.59. The stock has a market capitalization of $30.13 billion, a PE ratio of 27.62, a PEG ratio of 3.35 and a beta of 0.68. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 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.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released 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 net margin of 1.33% and a return on equity of 8.43%. The company had revenue of $21.17 billion for the quarter, compared to analysts' expectations of $21.56 billion. During the same quarter in the previous year, the company earned $1.03 EPS. Archer Daniels Midland's revenue for the quarter 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. As a group, equities analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The company 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. The ex-dividend date is Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.3%. Archer Daniels Midland's payout ratio is 89.87%.

Analyst Ratings Changes

A number of brokerages have commented on ADM. UBS Group reissued a "buy" rating and set a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Morgan Stanley boosted their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 12th. 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 note on Wednesday, August 6th. JPMorgan Chase & Co. started coverage on Archer Daniels Midland in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price objective on the stock. Finally, Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus 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.