First Trust Advisors LP Sells 1,561,296 Shares of Archer Daniels Midland Company $ADM

First Trust Advisors LP cut its holdings in Archer Daniels Midland Company (NYSE:ADM) by 59.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,057,644 shares of the company’s stock after selling 1,561,296 shares during the period. First Trust Advisors LP owned 0.22% of Archer Daniels Midland worth $63,184,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Vermont boosted its position in shares of Archer Daniels Midland by 367.0% during the third quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares during the last quarter. Hager Investment Management Services LLC increased its holdings in Archer Daniels Midland by 113.6% in the 3rd quarter. Hager Investment Management Services LLC now owns 534 shares of the company’s stock valued at $32,000 after acquiring an additional 284 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in Archer Daniels Midland in the 2nd quarter worth $36,000. Evelyn Partners Investment Management Services Ltd bought a new position in shares of Archer Daniels Midland during the 2nd quarter valued at about $37,000. Finally, Vermillion & White Wealth Management Group LLC grew its position in shares of Archer Daniels Midland by 61.2% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 698 shares of the company’s stock valued at $37,000 after purchasing an additional 265 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer Daniels Midland Trading Up 2.3%

Shares of NYSE ADM opened at $69.47 on Wednesday. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $70.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.37 and a quick ratio of 0.83. The business’s 50 day moving average is $66.08 and its two-hundred day moving average is $62.35. The stock has a market capitalization of $33.43 billion, a P/E ratio of 31.29, a PEG ratio of 0.91 and a beta of 0.68.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.07. The business had revenue of $18.56 billion during the quarter, compared to analyst estimates of $21.03 billion. Archer Daniels Midland had a return on equity of 7.39% and a net margin of 1.34%.The company’s revenue for the quarter was down 13.7% on a year-over-year basis. During the same period last year, the company earned $1.14 EPS. Archer Daniels Midland has set its FY 2026 guidance at 3.600-4.250 EPS. As a group, research analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given a $0.52 dividend. This is a boost from Archer Daniels Midland’s previous quarterly dividend of $0.51. This represents a $2.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Tuesday, February 17th. Archer Daniels Midland’s dividend payout ratio is 93.69%.

Insider Activity

In related news, SVP Jennifer L. Weber sold 25,000 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $67.04, for a total value of $1,676,000.00. Following the sale, the senior vice president directly owned 123,668 shares of the company’s stock, valued at $8,290,702.72. This represents a 16.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David R. Mcatee II acquired 7,500 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was purchased at an average cost of $64.90 per share, with a total value of $486,750.00. Following the purchase, the director owned 7,500 shares of the company’s stock, valued at $486,750. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Morgan Stanley cut Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $57.00 to $50.00 in a report on Tuesday, December 16th. JPMorgan Chase & Co. lifted their price objective on Archer Daniels Midland from $60.00 to $61.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 4th. Barclays upped their price objective on Archer Daniels Midland from $61.00 to $68.00 and gave the stock an “equal weight” rating in a report on Thursday, February 19th. UBS Group reiterated a “buy” rating on shares of Archer Daniels Midland in a research report on Monday, December 15th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $63.00 price target on shares of Archer Daniels Midland in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $58.00.

About Archer Daniels Midland

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.