Archer Daniels Midland Company $ADM Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 1.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,521,844 shares of the company’s stock after selling 19,377 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Archer Daniels Midland were worth $90,915,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its stake in Archer Daniels Midland by 0.7% during the second 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. raised its position in shares of Archer Daniels Midland by 3.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 18,076,118 shares of the company’s stock valued at $954,058,000 after buying an additional 620,794 shares during the period. Geode Capital Management LLC lifted 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 during 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 stake in Archer Daniels Midland during the second quarter worth $340,247,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Performance

NYSE ADM opened at $63.31 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.37 and a quick ratio of 0.92. The company has a market cap of $30.42 billion, a P/E ratio of 25.84, a P/E/G ratio of 4.33 and a beta of 0.70. The stock has a 50-day moving average of $58.92 and a two-hundred day moving average of $59.16. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $65.00.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. Archer Daniels Midland had a net margin of 1.43% and a return on equity of 8.01%. The business had revenue of $20.37 billion during the quarter, compared to analyst estimates of $20.96 billion. During the same quarter last year, the firm posted $1.09 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. As a group, analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Wednesday, November 19th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.2%. Archer Daniels Midland’s dividend payout ratio is currently 83.27%.

Analyst Ratings Changes

Several brokerages have recently commented on ADM. Morgan Stanley lowered Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $57.00 to $50.00 in a research note on Tuesday, December 16th. 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $59.00 price target (down from $61.00) on shares of Archer Daniels Midland in a research note on Wednesday, November 5th. Finally, UBS Group reaffirmed a “buy” rating on shares of Archer Daniels Midland in a research report on Monday, December 15th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $54.38.

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.