Archer Daniels Midland Company $ADM Shares Sold by Verity & Verity LLC

Verity & Verity LLC trimmed its stake in Archer Daniels Midland Company (NYSE:ADM) by 91.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,633 shares of the company’s stock after selling 168,126 shares during the quarter. Verity & Verity LLC’s holdings in Archer Daniels Midland were worth $825,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ADM. SOA Wealth Advisors LLC. purchased a new stake in Archer Daniels Midland during the second quarter valued at about $25,000. Headlands Technologies LLC acquired a new stake in Archer Daniels Midland during the 1st quarter valued at $25,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Archer Daniels Midland in the second quarter valued at $32,000. Evelyn Partners Investment Management Services Ltd purchased a new position in shares of Archer Daniels Midland during the second quarter valued at $37,000. Finally, Westpac Banking Corp lifted its stake in Archer Daniels Midland by 38.0% in the 2nd quarter. Westpac Banking Corp now owns 733 shares of the company’s stock worth $39,000 after acquiring an additional 202 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ADM. Zacks Research cut shares of Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Wall Street Zen raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. UBS Group reiterated a “buy” rating and set a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Morgan Stanley boosted their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 12th. Finally, Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $55.25.

Archer Daniels Midland Stock Performance

NYSE:ADM opened at $58.93 on Tuesday. The firm has a market capitalization of $28.32 billion, a PE ratio of 26.00, a PEG ratio of 4.78 and a beta of 0.70. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $65.00. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm’s fifty day simple moving average is $60.43 and its 200 day simple moving average is $56.82.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $20.37 billion during 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%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 earnings per share. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. On average, sell-side analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

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

About Archer Daniels Midland

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.