QRG Capital Management Inc. Sells 23,797 Shares of Archer Daniels Midland Company $ADM

QRG Capital Management Inc. lowered its position in Archer Daniels Midland Company (NYSE:ADM) by 53.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 20,815 shares of the company’s stock after selling 23,797 shares during the period. QRG Capital Management Inc.’s holdings in Archer Daniels Midland were worth $1,244,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ADM. Dodge & Cox bought a new position in shares of Archer Daniels Midland in the second quarter worth about $345,689,000. Norges Bank bought a new position in Archer Daniels Midland in the 2nd quarter worth approximately $340,247,000. Pacer Advisors Inc. grew its holdings in Archer Daniels Midland by 8,609.3% during the 3rd quarter. Pacer Advisors Inc. now owns 4,405,427 shares of the company’s stock valued at $263,180,000 after buying an additional 4,354,844 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in shares of Archer Daniels Midland during the second quarter valued at approximately $39,094,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Archer Daniels Midland by 3.6% in 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 in the last quarter. 78.28% of the stock is owned by institutional investors.

Archer Daniels Midland Price Performance

Shares of Archer Daniels Midland stock opened at $65.89 on Wednesday. The stock has a 50 day moving average price of $59.80 and a 200-day moving average price of $59.55. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $66.63. The stock has a market cap of $31.67 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 4.54 and a beta of 0.70. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.92 and a current ratio of 1.37.

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

Archer Daniels Midland Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, November 19th. Archer Daniels Midland’s dividend payout ratio is 83.27%.

Analyst Ratings Changes

ADM has been the topic of a number of research reports. UBS Group reiterated a “buy” rating on shares of Archer Daniels Midland in a report on Monday, December 15th. Zacks Research downgraded Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $59.00 price objective (down from $61.00) on shares of Archer Daniels Midland in a report on Wednesday, November 5th. Finally, Morgan Stanley lowered shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $57.00 to $50.00 in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Archer Daniels Midland has an average rating of “Reduce” and an average target price of $54.38.

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.