KBC Group NV Sells 400,334 Shares of Archer Daniels Midland Company $ADM

KBC Group NV decreased its position in Archer Daniels Midland Company (NYSE:ADM) by 86.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,514 shares of the company’s stock after selling 400,334 shares during the period. KBC Group NV’s holdings in Archer Daniels Midland were worth $3,405,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ADM. Headlands Technologies LLC bought a new stake in Archer Daniels Midland during the 1st quarter valued at $25,000. SOA Wealth Advisors LLC. purchased a new position in shares of Archer Daniels Midland during the second quarter valued at $25,000. Trust Co. of Toledo NA OH bought a new stake in shares of Archer Daniels Midland in the second quarter valued at about $32,000. Pandora Wealth Inc. bought a new position in Archer Daniels Midland during the 1st quarter worth about $39,000. Finally, ST Germain D J Co. Inc. purchased a new position in Archer Daniels Midland during the 2nd quarter valued at about $51,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ADM has been the topic of a number of recent research reports. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $59.00 price objective (down from $61.00) on shares of Archer Daniels Midland in a research note on Wednesday, November 5th. Morgan Stanley increased their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. Zacks Research downgraded Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Finally, Wall Street Zen upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. 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 data from MarketBeat, Archer Daniels Midland currently has a consensus rating of “Reduce” and an average price target of $55.25.

Archer Daniels Midland Trading Down 0.4%

Shares of NYSE:ADM opened at $58.62 on Friday. The business’s 50-day moving average is $60.75 and its 200 day moving average is $56.29. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $65.00. The firm has a market capitalization of $28.17 billion, a P/E ratio of 25.82, a P/E/G ratio of 4.78 and a beta of 0.70.

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

Archer Daniels Midland Dividend Announcement

The business also recently declared 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 dividend yield of 3.5%. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 83.27%.

Archer Daniels Midland 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.