Profund Advisors LLC Trims Stock Position in Archer Daniels Midland Company $ADM

Profund Advisors LLC cut its holdings in Archer Daniels Midland Company (NYSE:ADM) by 20.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,244 shares of the company’s stock after selling 1,651 shares during the period. Profund Advisors LLC’s holdings in Archer Daniels Midland were worth $330,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. purchased a new stake in Archer Daniels Midland in the second quarter valued at $25,000. Headlands Technologies LLC purchased a new stake in Archer Daniels Midland in the 1st quarter valued at about $25,000. Trust Co. of Toledo NA OH acquired a new position in Archer Daniels Midland in the second quarter valued at about $32,000. Pandora Wealth Inc. purchased a new position in Archer Daniels Midland during the first quarter worth about $39,000. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of Archer Daniels Midland during the second quarter valued at about $51,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Stock Down 0.4%

Shares of NYSE ADM opened at $58.62 on Friday. The stock has a market cap of $28.17 billion, a P/E ratio of 25.82, a PEG ratio of 4.78 and a beta of 0.70. The business’s fifty day simple moving average is $60.75 and its 200-day simple moving average is $56.23. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $65.00. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, November 4th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. The firm had revenue of $20.37 billion during the quarter, compared to analysts’ expectations of $20.96 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.Archer Daniels Midland’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 EPS. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. As a group, equities analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 19th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $2.04 annualized dividend and a yield of 3.5%. Archer Daniels Midland’s dividend payout ratio (DPR) is 83.27%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. UBS Group restated 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. Zacks Research cut Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $55.25.

Archer Daniels Midland Company 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.