PNC Financial Services Group Inc. Sells 2,880 Shares of Archer Daniels Midland Company $ADM

PNC Financial Services Group Inc. lowered its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,263 shares of the company’s stock after selling 2,880 shares during the period. PNC Financial Services Group Inc.’s holdings in Archer Daniels Midland were worth $8,195,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new position in shares of Archer Daniels Midland in the first quarter worth about $25,000. SOA Wealth Advisors LLC. bought a new stake in Archer Daniels Midland in the second quarter valued at $25,000. Trust Co. of Toledo NA OH bought a new stake in shares of Archer Daniels Midland during the 2nd quarter valued at about $32,000. Pandora Wealth Inc. bought a new position in Archer Daniels Midland in the first quarter worth $39,000. Finally, ST Germain D J Co. Inc. bought a new position in shares of Archer Daniels Midland during the second quarter valued at approximately $51,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ADM has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. JPMorgan Chase & Co. restated an “underweight” rating and set a $59.00 price objective (down previously from $61.00) on shares of Archer Daniels Midland in a research report on Wednesday, November 5th. Morgan Stanley raised their price target on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. Finally, Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Archer Daniels Midland currently has an average rating of “Reduce” and a consensus target price of $55.25.

Archer Daniels Midland Price Performance

Shares of Archer Daniels Midland stock opened at $58.62 on Monday. The firm has a market cap of $28.17 billion, a PE ratio of 25.82, a PEG ratio of 4.78 and a beta of 0.70. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $65.00. The stock has a 50 day moving average of $60.75 and a 200 day moving average of $56.35. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. The company had revenue of $20.37 billion for the quarter, compared to analysts’ expectations of $20.96 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. Archer Daniels Midland’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.09 earnings per share. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. On average, research analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 19th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Wednesday, November 19th. Archer Daniels Midland’s dividend payout ratio is presently 83.27%.

Archer Daniels Midland Company Profile

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.