Archer Daniels Midland Company $ADM Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp decreased its position in Archer Daniels Midland Company (NYSE:ADM) by 33.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 33,836 shares of the company’s stock after selling 17,375 shares during the period. Texas Permanent School Fund Corp’s holdings in Archer Daniels Midland were worth $1,786,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ADM. SOA Wealth Advisors LLC. purchased a new stake in shares of Archer Daniels Midland in the 2nd quarter worth about $25,000. Trust Co. of Toledo NA OH acquired a new position in Archer Daniels Midland during the second quarter worth about $32,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Archer Daniels Midland in the second quarter valued at about $36,000. Evelyn Partners Investment Management Services Ltd acquired a new stake in shares of Archer Daniels Midland in the second quarter valued at approximately $37,000. Finally, Vermillion & White Wealth Management Group LLC increased its stake in shares of Archer Daniels Midland by 61.2% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 698 shares of the company’s stock worth $37,000 after purchasing an additional 265 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 equities research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $59.00 price objective (down from $61.00) on shares of Archer Daniels Midland in a research report on Wednesday, November 5th. Zacks Research lowered Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Morgan Stanley downgraded shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $57.00 to $50.00 in a research note on Tuesday, December 16th. Finally, UBS Group reaffirmed a “buy” rating on shares of Archer Daniels Midland in a research note on Monday, December 15th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Archer Daniels Midland presently has a consensus rating of “Reduce” and an average target price of $54.38.

Archer Daniels Midland Stock Performance

Archer Daniels Midland stock opened at $57.84 on Tuesday. The stock has a fifty day moving average price of $59.74 and a 200 day moving average price of $58.31. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $65.00. The firm has a market capitalization of $27.80 billion, a P/E ratio of 23.61, a PEG ratio of 4.96 and a beta of 0.70. The company has a current ratio of 1.37, a quick ratio of 0.92 and a debt-to-equity ratio of 0.29.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Archer Daniels Midland had a return on equity of 8.01% and a net margin of 1.43%.The firm had revenue of $20.37 billion for the quarter, compared to analyst estimates of $20.96 billion. During the same period last year, the company earned $1.09 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. Equities 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 business also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $2.04 annualized dividend and a yield of 3.5%. Archer Daniels Midland’s dividend payout ratio is 83.27%.

About Archer Daniels Midland

Archer Daniels Midland Company (ADM) is a global agricultural processor and food-ingredient provider that sources, transports and processes oilseeds, corn, wheat and other agricultural commodities. The company operates large-scale crushing, refining and processing facilities that produce vegetable oils, protein meals, corn sweeteners, starches, ethanol, animal feeds and a wide range of food and industrial ingredients. ADM also develops specialty ingredients and solutions for human and animal nutrition, food and beverage formulation, and industrial applications such as bio-based materials and renewable fuels.

ADM’s business combines commodity origination and merchandising with downstream manufacturing and ingredient formulation.