423,273 Archer Daniels Midland Company $ADM Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC cut its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 17.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,959,678 shares of the company’s stock after selling 423,273 shares during the period. ProShare Advisors LLC owned about 0.41% of Archer Daniels Midland worth $155,559,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ADM. BlackRock Inc. purchased a new stake in shares of Archer Daniels Midland in the 2nd quarter valued at about $3,409,089,000. Bank of New York Mellon Corp bought a new stake in shares of Archer Daniels Midland in the 2nd quarter worth about $257,394,000. Legal & General Group Plc purchased a new stake in Archer Daniels Midland in the second quarter worth $198,233,000. Bank of America Corp DE purchased a new position in Archer Daniels Midland during the second quarter valued at approximately $180,096,000. Finally, Deutsche Bank AG purchased a new position in shares of Archer Daniels Midland in the 2nd quarter valued at approximately $178,087,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Barclays upped their price objective on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, August 5th. William Blair began coverage on Archer Daniels Midland in a report on Tuesday, September 15th. They issued a “buy” rating on the stock. Morgan Stanley upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $60.00 to $79.00 in a research note on Wednesday, August 5th. BMO Capital Markets upped their price target on shares of Archer Daniels Midland from $77.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, August 5th. Finally, Zacks Research cut shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $81.75.

Archer Daniels Midland Trading Up 1.0%

Shares of ADM stock opened at $76.97 on Friday. The company has a 50 day moving average of $81.87 and a 200-day moving average of $76.39. The firm has a market cap of $37.10 billion, a P/E ratio of 21.09, a PEG ratio of 2.32 and a beta of 0.64. 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 12-month low of $55.58 and a 12-month high of $88.75.

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

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. Archer Daniels Midland’s dividend 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.