Twin Tree Management LP Sells 134,995 Shares of Archer Daniels Midland Company $ADM

Key Points

• Twin Tree Management LP significantly reduced its stake in Archer Daniels Midland Company (ADM) by 88.2%, now holding $864,000 worth of shares after selling over 134,000 shares in the first quarter.
• Multiple institutional investors, including Charles Schwab Investment Management and Wellington Management Group, have increased their stakes in ADM, with Charles Schwab raising its holdings by 350.4%.
• Analysts have a consensus rating of Hold for ADM, with a consensus target price set at $55.50, while recent earnings showed a decrease in revenue but an EPS exceeding expectations.

Twin Tree Management LP lessened its holdings in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 88.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,990 shares of the company's stock after selling 134,995 shares during the period. Twin Tree Management LP's holdings in Archer Daniels Midland were worth $864,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its holdings in Archer Daniels Midland by 350.4% during 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 during the last quarter. Wellington Management Group LLP increased its holdings in Archer Daniels Midland by 17.9% during 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 during the last quarter. Nuveen LLC purchased a new stake in Archer Daniels Midland during the first quarter valued at approximately $81,306,000. Voloridge Investment Management LLC lifted its position in Archer Daniels Midland by 56.8% during the fourth quarter. Voloridge Investment Management LLC now owns 2,328,942 shares of the company's stock valued at $117,658,000 after purchasing an additional 843,662 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Archer Daniels Midland by 20.9% during the fourth 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 in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on ADM. 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. Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. 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 upgraded Archer Daniels Midland from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, JPMorgan Chase & Co. started coverage on shares of Archer Daniels Midland in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $55.50.

Archer Daniels Midland Price Performance

ADM traded up $0.97 on Friday, hitting $62.91. 2,655,895 shares of the company's stock traded hands, compared to its average volume of 3,408,997. The company's 50 day simple moving average is $57.52 and its 200-day simple moving average is $51.38. The firm has a market cap of $30.23 billion, a price-to-earnings ratio of 27.71, a P/E/G ratio of 3.30 and a beta of 0.69. Archer Daniels Midland Company has a one year low of $40.98 and a one year 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.

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, beating the consensus estimate of $0.88 by $0.05. The company had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $21.56 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The firm's quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the company earned $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, research analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The firm 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. This represents a $2.04 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio (DPR) is 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.