Archer Daniels Midland Company $ADM Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its stake in Archer Daniels Midland Company (NYSE:ADM) by 60.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,688 shares of the company’s stock after selling 10,105 shares during the period. Vontobel Holding Ltd.’s holdings in Archer Daniels Midland were worth $400,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ADM. State Street Corp increased its holdings in Archer Daniels Midland by 0.7% during the 2nd quarter. State Street Corp now owns 34,617,404 shares of the company’s stock worth $1,827,107,000 after purchasing an additional 223,716 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Archer Daniels Midland by 3.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 18,076,118 shares of the company’s stock worth $954,058,000 after buying an additional 620,794 shares during the period. Geode Capital Management LLC raised its holdings in Archer Daniels Midland by 2.3% in the second quarter. Geode Capital Management LLC now owns 12,457,546 shares of the company’s stock valued at $654,772,000 after acquiring an additional 283,207 shares in the last quarter. Dodge & Cox purchased a new position in Archer Daniels Midland in the second quarter worth approximately $345,689,000. Finally, Norges Bank acquired a new position in Archer Daniels Midland during the 2nd quarter worth approximately $340,247,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ADM has been the subject of several recent analyst reports. Zacks Research cut shares of Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Morgan Stanley lowered Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $57.00 to $50.00 in a research report on Tuesday, December 16th. JPMorgan Chase & Co. reissued 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. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. Finally, UBS Group reaffirmed a “buy” rating on shares of Archer Daniels Midland in a research report on Monday, December 15th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $54.38.

Archer Daniels Midland Stock Performance

Shares of Archer Daniels Midland stock opened at $58.18 on Tuesday. The firm’s fifty day simple moving average is $59.23 and its 200-day simple moving average is $58.64. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $65.00. The stock has a market capitalization of $27.96 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 4.93 and a beta of 0.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.37 and a quick ratio of 0.92.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. The company had revenue of $20.37 billion for the quarter, compared to the consensus estimate of $20.96 billion. Archer Daniels Midland had a net margin of 1.43% and a return on equity of 8.01%. Archer Daniels Midland’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last 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 forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.5%. The ex-dividend date was Wednesday, November 19th. Archer Daniels Midland’s payout ratio is 83.27%.

Archer Daniels Midland 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.