Truvestments Capital LLC Sells 30,941 Shares of Archer Daniels Midland Company $ADM

Key Points

• Truvestments Capital LLC reduced its holdings in Archer Daniels Midland Company by 61.6%, selling 30,941 shares during the first quarter, leaving it with a total of 19,250 shares valued at $924,000.
• Several institutional investors modified their stakes, with 78.28% of the stock now held by institutional investors, indicating strong institutional interest in the company.
• Archer Daniels Midland recently announced a quarterly dividend of $0.51 per share, representing a yield of 3.2%, with an annualized payout of $2.04.

Truvestments Capital LLC decreased its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 61.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,250 shares of the company's stock after selling 30,941 shares during the period. Truvestments Capital LLC's holdings in Archer Daniels Midland were worth $924,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Foundations Investment Advisors LLC increased its position in Archer Daniels Midland by 5.4% in the 1st quarter. Foundations Investment Advisors LLC now owns 4,310 shares of the company's stock worth $207,000 after purchasing an additional 220 shares during the last quarter. Capital Advisors Ltd. LLC lifted its position in shares of Archer Daniels Midland by 43.4% in the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock worth $38,000 after buying an additional 237 shares during the last quarter. Sagespring Wealth Partners LLC lifted its position in shares of 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 buying an additional 239 shares during the last quarter. Stolper Co lifted its position in shares of Archer Daniels Midland by 0.8% in the first quarter. Stolper Co now owns 33,691 shares of the company's stock worth $1,618,000 after buying an additional 275 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its position in shares of Archer Daniels Midland by 6.6% in the first quarter. Fifth Third Wealth Advisors LLC now owns 5,296 shares of the company's stock worth $254,000 after buying an additional 326 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ADM shares. JPMorgan Chase & Co. started coverage on Archer Daniels Midland in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price target for the company. 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 note on Tuesday, August 12th. Wall Street Zen upgraded Archer Daniels Midland from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. 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 note on Monday, August 11th. Finally, Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $50.00 to $61.00 in a research note on Wednesday, August 6th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Archer Daniels Midland has an average rating of "Hold" and an average price target of $55.50.

Archer Daniels Midland Stock Performance

ADM traded down $0.03 on Friday, hitting $62.63. 2,760,637 shares of the stock traded hands, compared to its average volume of 3,778,539. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $64.38. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $30.09 billion, a PE ratio of 27.59, a P/E/G ratio of 3.34 and a beta of 0.68. The business has a fifty day moving average price of $56.57 and a two-hundred day moving average price of $50.86.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $21.56 billion. During the same period in the previous year, the company posted $1.03 earnings per share. The company's quarterly 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 predict that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio is currently 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.