Vest Financial LLC Has $59.02 Million Holdings in Archer Daniels Midland Company $ADM

Vest Financial LLC lessened its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 22.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 987,967 shares of the company’s stock after selling 281,864 shares during the period. Vest Financial LLC owned 0.21% of Archer Daniels Midland worth $59,021,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Dodge & Cox bought a new position in Archer Daniels Midland in the 2nd quarter worth approximately $345,689,000. Norges Bank acquired a new stake in shares of Archer Daniels Midland in the 2nd quarter valued at $340,247,000. Pacer Advisors Inc. raised its position in shares of Archer Daniels Midland by 8,609.3% during the third quarter. Pacer Advisors Inc. now owns 4,405,427 shares of the company’s stock worth $263,180,000 after acquiring an additional 4,354,844 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in Archer Daniels Midland in the second quarter valued at about $39,094,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in 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 worth $954,058,000 after purchasing an additional 620,794 shares during the last quarter. 78.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Morgan Stanley cut shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $57.00 to $50.00 in a research report 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 restated 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 target price (down previously 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 note on Monday, December 15th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $54.38.

Archer Daniels Midland Stock Performance

Shares of ADM opened at $65.89 on Wednesday. The firm has a market cap of $31.67 billion, a P/E ratio of 26.90, a PEG ratio of 4.54 and a beta of 0.70. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $66.63. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.92 and a current ratio of 1.37. The firm’s 50 day moving average price is $59.80 and its two-hundred day moving average price is $59.55.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data 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 business 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 quarterly 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. On average, analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Shareholders 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 annualized dividend and a yield of 3.1%. 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.