Old Port Advisors Cuts Stake in Archer Daniels Midland Company $ADM

Old Port Advisors lowered its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 8.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,900 shares of the company’s stock after selling 1,616 shares during the quarter. Old Port Advisors’ holdings in Archer Daniels Midland were worth $892,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. S.A. Mason LLC bought a new position in Archer Daniels Midland during the first quarter valued at approximately $25,000. Headlands Technologies LLC bought a new position in Archer Daniels Midland during the first quarter valued at approximately $25,000. ORG Partners LLC boosted its stake in Archer Daniels Midland by 297.2% during the first quarter. ORG Partners LLC now owns 699 shares of the company’s stock valued at $34,000 after buying an additional 523 shares during the last quarter. NBC Securities Inc. bought a new position in Archer Daniels Midland during the first quarter valued at approximately $37,000. Finally, Capital Advisors Ltd. LLC boosted its stake in Archer Daniels Midland by 43.4% during the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company’s stock valued at $38,000 after buying an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Price Performance

Shares of ADM stock opened at $60.62 on Friday. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $64.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. The firm has a market capitalization of $29.13 billion, a P/E ratio of 26.70, a P/E/G ratio of 3.25 and a beta of 0.69. The stock has a 50 day moving average price of $59.58 and a 200 day moving average price of $52.80.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.05. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The firm had revenue of $21.17 billion during the quarter, compared to analyst estimates of $21.56 billion. During the same period last year, the company earned $1.03 EPS. Archer Daniels Midland’s quarterly revenue was down 4.9% compared to the same quarter last year. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, sell-side analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Wednesday, August 20th. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 89.87%.

Wall Street Analysts Forecast Growth

ADM has been the subject of a number of research reports. JPMorgan Chase & Co. initiated coverage on Archer Daniels Midland in a research note on Wednesday, August 20th. They set a “neutral” rating and a $61.00 price target for the company. Morgan Stanley increased their price target on Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 12th. UBS Group reissued a “buy” rating and set a $70.00 price target (up from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Barclays raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. Finally, Wall Street Zen raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $55.50.

Archer Daniels Midland Profile

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.