Hsbc Holdings PLC Sells 9,092 Shares of Archer Daniels Midland Company $ADM

Hsbc Holdings PLC lowered its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 805,276 shares of the company’s stock after selling 9,092 shares during the quarter. Hsbc Holdings PLC owned about 0.17% of Archer Daniels Midland worth $46,331,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Bayban bought a new stake in shares of Archer Daniels Midland during the 4th quarter valued at about $352,000. Sankala Group LLC bought a new stake in Archer Daniels Midland in the fourth quarter worth approximately $28,000. Pacer Advisors Inc. lifted its stake in Archer Daniels Midland by 4.1% in the fourth quarter. Pacer Advisors Inc. now owns 4,585,316 shares of the company’s stock valued at $263,610,000 after buying an additional 179,889 shares during the period. Compound Planning Inc. boosted its holdings in shares of Archer Daniels Midland by 2.4% during the 4th quarter. Compound Planning Inc. now owns 9,905 shares of the company’s stock worth $569,000 after buying an additional 236 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Archer Daniels Midland by 10.5% during the 4th quarter. Invesco Ltd. now owns 6,180,949 shares of the company’s stock worth $355,343,000 after buying an additional 585,226 shares during the period. 78.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ADM. Jefferies Financial Group boosted their target price on shares of Archer Daniels Midland from $65.00 to $77.00 and gave the company a “hold” rating in a research report on Monday, April 6th. Zacks Research raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 6th. JPMorgan Chase & Co. upped their price objective on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Monday, April 20th. Finally, Barclays boosted their target price on Archer Daniels Midland from $77.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $75.33.

Archer Daniels Midland Stock Performance

Shares of ADM stock opened at $76.05 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 0.80 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $76.72 and a two-hundred day simple moving average of $69.66. Archer Daniels Midland Company has a 12 month low of $51.34 and a 12 month high of $85.37. The firm has a market capitalization of $36.65 billion, a PE ratio of 34.10 and a beta of 0.60.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. The firm had revenue of $20.49 billion during the quarter, compared to analysts’ expectations of $21.35 billion. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.37%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the company earned $0.70 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Analysts forecast that Archer Daniels Midland Company will post 4.43 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, May 20th. Archer Daniels Midland’s payout ratio is currently 93.27%.

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.