Archer Daniels Midland Company $ADM Stake Reduced by ProShare Advisors LLC

ProShare Advisors LLC lessened its stake in Archer Daniels Midland Company (NYSE:ADM) by 17.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,959,678 shares of the company’s stock after selling 423,273 shares during the quarter. ProShare Advisors LLC’s holdings in Archer Daniels Midland were worth $155,559,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ADM. Vise Technologies Inc. acquired a new position in Archer Daniels Midland in the third quarter worth $1,013,000. Cidel Asset Management Inc. lifted its position in shares of Archer Daniels Midland by 6.4% during the 3rd quarter. Cidel Asset Management Inc. now owns 16,242 shares of the company’s stock valued at $1,289,000 after acquiring an additional 974 shares during the period. Unison Advisors LLC lifted its stake in Archer Daniels Midland by 0.6% in the 3rd quarter. Unison Advisors LLC now owns 58,402 shares of the company’s stock valued at $4,636,000 after purchasing an additional 374 shares during the last quarter. MGO One Seven LLC boosted its holdings in Archer Daniels Midland by 0.9% in the third quarter. MGO One Seven LLC now owns 17,320 shares of the company’s stock valued at $1,375,000 after acquiring an additional 156 shares during the last quarter. Finally, Glenview Trust Co increased its stake in Archer Daniels Midland by 34.8% in the third quarter. Glenview Trust Co now owns 5,008 shares of the company’s stock valued at $398,000 after purchasing an additional 1,292 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on ADM. Barclays increased their price target on Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 5th. William Blair assumed coverage on shares of Archer Daniels Midland in a report on Tuesday, September 15th. They set a “buy” rating on the stock. Wall Street Zen upgraded Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Research downgraded shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, Morgan Stanley raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $60.00 to $79.00 in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $81.75.

Archer Daniels Midland Price Performance

ADM stock opened at $76.97 on Friday. The company has a market capitalization of $37.10 billion, a PE ratio of 21.09, a P/E/G ratio of 2.32 and a beta of 0.64. The stock’s 50 day moving average is $81.87 and its two-hundred day moving average is $76.39. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.27. Archer Daniels Midland Company has a 52-week low of $55.58 and a 52-week high of $88.75.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.35. The firm had revenue of $22.68 billion for the quarter, compared to analyst estimates of $22.75 billion. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 EPS. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. Analysts predict that Archer Daniels Midland Company will post 5.52 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th were issued a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a yield of 2.7%. Archer Daniels Midland’s payout ratio is currently 56.99%.

About Archer Daniels Midland

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company. Founded in 1902, ADM connects farmers and producers with markets worldwide by sourcing, transporting, storing and processing crops and other agricultural commodities.

The company processes oilseeds, corn, wheat and other crops into ingredients and products used in food and beverages, animal nutrition, renewable fuels and industrial applications. Its offerings include vegetable oils, protein meals, sweeteners, starches, flour, food ingredients, animal feed ingredients and biofuels, as well as specialty ingredients developed through its nutrition businesses.

ADM operates an integrated network of agricultural facilities, processing plants, transportation assets and commercial offices serving customers across North America, South America, Europe, Asia and other international markets.