AustralianSuper Pty Ltd Sells 904,994 Shares of Archer Daniels Midland Company $ADM

AustralianSuper Pty Ltd reduced its holdings in shares of Archer Daniels Midland Company (NYSE:ADMFree Report) by 62.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 536,898 shares of the company’s stock after selling 904,994 shares during the period. AustralianSuper Pty Ltd owned 0.11% of Archer Daniels Midland worth $32,074,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SOA Wealth Advisors LLC. bought a new stake in shares of Archer Daniels Midland in the 2nd quarter worth approximately $25,000. Trust Co. of Vermont raised its stake in Archer Daniels Midland by 367.0% during the third quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock valued at $30,000 after buying an additional 400 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in Archer Daniels Midland in the second quarter worth $32,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Archer Daniels Midland in the second quarter worth $36,000. Finally, Evelyn Partners Investment Management Services Ltd bought a new position in shares of Archer Daniels Midland during the second quarter valued at $37,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Key Headlines Impacting Archer Daniels Midland

Here are the key news stories impacting Archer Daniels Midland this week:

Archer Daniels Midland Stock Down 0.8%

Shares of Archer Daniels Midland stock opened at $66.87 on Friday. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $69.75. The company has a quick ratio of 0.92, a current ratio of 1.37 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average is $61.02 and its 200 day moving average is $60.10. The company has a market cap of $32.13 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 4.61 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADMGet Free Report) last announced its earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $20.37 billion during the quarter, compared to analyst estimates of $20.96 billion. Archer Daniels Midland had a net margin of 1.43% and a return on equity of 8.01%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 EPS. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. Research 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 declared a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Wednesday, November 19th. Archer Daniels Midland’s payout ratio is currently 83.27%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ADM shares. Zacks Research upgraded shares of Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. lifted their target price on shares of Archer Daniels Midland from $59.00 to $60.00 and gave the stock an “underweight” rating in a report on Wednesday, January 21st. Morgan Stanley cut shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $57.00 to $50.00 in a report on Tuesday, December 16th. UBS Group restated a “buy” rating on shares of Archer Daniels Midland in a report on Monday, December 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $54.50.

Get Our Latest Research Report on Archer Daniels Midland

Archer Daniels Midland Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Archer Daniels Midland (NYSE:ADM)

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