Archer Daniels Midland Company $ADM Holdings Trimmed by Royal Bank of Canada

Royal Bank of Canada reduced its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 27.9% during the first quarter, Holdings Channel.com reports. The fund owned 1,449,193 shares of the company’s stock after selling 561,936 shares during the quarter. Royal Bank of Canada’s holdings in Archer Daniels Midland were worth $105,341,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Toth Financial Advisory Corp acquired a new stake in Archer Daniels Midland in the 4th quarter valued at about $25,000. Motiv8 Investments LLC acquired a new position in shares of Archer Daniels Midland in the 4th quarter worth approximately $26,000. Sankala Group LLC bought a new stake in shares of Archer Daniels Midland in the 4th quarter worth approximately $28,000. Nalls Sherbakoff Group LLC acquired a new stake in Archer Daniels Midland during the fourth quarter valued at approximately $29,000. Finally, Global Trust Asset Management LLC acquired a new stake in Archer Daniels Midland during the first quarter valued at approximately $29,000. 78.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. UBS Group increased their price objective on Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Friday, July 17th. JPMorgan Chase & Co. lifted their target price on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Finally, Zacks Research lowered Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $75.67.

Archer Daniels Midland Stock Performance

Shares of ADM opened at $79.27 on Friday. Archer Daniels Midland Company has a one year low of $52.96 and a one year high of $88.46. The company has a 50-day moving average of $80.14 and a two-hundred day moving average of $73.89. The stock has a market cap of $38.20 billion, a price-to-earnings ratio of 35.54 and a beta of 0.62. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 0.80.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.05. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.37%. The business had revenue of $20.49 billion for the quarter, compared to the consensus estimate of $21.35 billion. During the same period last year, the firm posted $0.70 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. On average, equities research analysts expect that Archer Daniels Midland Company will post 4.76 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.6%. The ex-dividend date was Wednesday, May 20th. Archer Daniels Midland’s payout ratio is presently 93.27%.

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.