Archer Daniels Midland Company $ADM Shares Sold by Cerity Partners LLC

Cerity Partners LLC lowered its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 279,816 shares of the company’s stock after selling 8,594 shares during the quarter. Cerity Partners LLC’s holdings in Archer Daniels Midland were worth $16,716,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC increased its holdings in shares of Archer Daniels Midland by 77.1% in the third quarter. CoreCap Advisors LLC now owns 1,498 shares of the company’s stock valued at $89,000 after purchasing an additional 652 shares during the period. Greenleaf Trust increased its stake in Archer Daniels Midland by 18.7% in the 3rd quarter. Greenleaf Trust now owns 13,606 shares of the company’s stock valued at $813,000 after buying an additional 2,139 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Archer Daniels Midland by 193.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 557,621 shares of the company’s stock worth $33,312,000 after buying an additional 367,293 shares during the last quarter. CWA Asset Management Group LLC lifted its stake in shares of Archer Daniels Midland by 8.4% in the 3rd quarter. CWA Asset Management Group LLC now owns 6,948 shares of the company’s stock worth $415,000 after acquiring an additional 540 shares during the period. Finally, City Holding Co. boosted its holdings in shares of Archer Daniels Midland by 37.1% in the third quarter. City Holding Co. now owns 3,025 shares of the company’s stock valued at $181,000 after acquiring an additional 818 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Morgan Stanley cut shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $57.00 to $50.00 in a report on Tuesday, December 16th. UBS Group reissued a “buy” rating on shares of Archer Daniels Midland in a research note on Monday, December 15th. Zacks Research downgraded Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $59.00 price objective (down previously from $61.00) on shares of Archer Daniels Midland in a report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Archer Daniels Midland currently has a consensus rating of “Reduce” and a consensus price target of $54.38.

Archer Daniels Midland Stock Performance

NYSE:ADM opened at $61.91 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.92 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $29.75 billion, a P/E ratio of 25.27, a price-to-earnings-growth ratio of 4.26 and a beta of 0.70. The firm has a 50-day moving average price of $58.81 and a two-hundred day moving average price of $58.93. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $65.00.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. Archer Daniels Midland had a net margin of 1.43% and a return on equity of 8.01%. The business had revenue of $20.37 billion for the quarter, compared to analyst estimates of $20.96 billion. During the same period in the prior year, the business earned $1.09 earnings per share. The company’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. As a group, research analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.3%. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 83.27%.

Archer Daniels Midland Company Profile

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.