Archer Daniels Midland Company $ADM Shares Sold by Vest Financial LLC

Vest Financial LLC reduced its stake in Archer Daniels Midland Company (NYSE:ADM) by 19.3% during the third quarter, Holdings Channel.com reports. The fund owned 561,187 shares of the company’s stock after selling 134,194 shares during the quarter. Vest Financial LLC’s holdings in Archer Daniels Midland were worth $44,547,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Archer Daniels Midland in the second quarter worth approximately $3,409,089,000. Wellington Management Group LLP increased its holdings in Archer Daniels Midland by 2.2% during the 2nd quarter. Wellington Management Group LLP now owns 17,670,220 shares of the company’s stock worth $1,350,005,000 after purchasing an additional 382,460 shares during the period. Dimensional Fund Advisors LP raised its position in Archer Daniels Midland by 4.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,806,192 shares of the company’s stock valued at $276,647,000 after purchasing an additional 163,749 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Archer Daniels Midland during the 2nd quarter valued at $257,394,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Archer Daniels Midland by 4.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,875,370 shares of the company’s stock valued at $219,678,000 after purchasing an additional 112,980 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Stock Performance

Shares of ADM stock opened at $79.40 on Thursday. The firm has a market cap of $38.27 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 2.44 and a beta of 0.64. Archer Daniels Midland Company has a 52-week low of $55.58 and a 52-week high of $88.75. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $82.35 and its 200 day moving average is $79.41.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.35. The company had revenue of $22.68 billion during the quarter, compared to analyst estimates of $22.75 billion. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%. Archer Daniels Midland’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. On average, sell-side analysts anticipate that Archer Daniels Midland Company will post 5.50 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th were issued a $0.52 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.6%. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 56.99%.

Analyst Ratings Changes

Several brokerages have recently commented on ADM. JPMorgan Chase & Co. cut their price target on Archer Daniels Midland from $77.00 to $75.00 and set an “underweight” rating on the stock in a research note on Monday, October 12th. Weiss Ratings upgraded Archer Daniels Midland from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Wall Street Zen lowered shares of Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 10th. Jefferies Financial Group raised shares of Archer Daniels Midland to a “hold” rating in a research note on Tuesday, September 29th. Finally, Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $60.00 to $79.00 in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $79.83.

Archer Daniels Midland Company Profile

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.