QRG Capital Management Inc. Sells 23,797 Shares of Archer Daniels Midland Company $ADM

QRG Capital Management Inc. reduced its stake in Archer Daniels Midland Company (NYSE:ADM) by 53.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,815 shares of the company’s stock after selling 23,797 shares during the quarter. QRG Capital Management Inc.’s holdings in Archer Daniels Midland were worth $1,244,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. SOA Wealth Advisors LLC. bought a new position in shares of Archer Daniels Midland during the second quarter valued at $25,000. Trust Co. of Vermont increased its stake in Archer Daniels Midland by 367.0% during the 3rd quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new position in Archer Daniels Midland in the second quarter worth about $32,000. Elevation Point Wealth Partners LLC bought a new position in shares of Archer Daniels Midland in the second quarter worth approximately $36,000. Finally, Evelyn Partners Investment Management Services Ltd purchased a new stake in shares of Archer Daniels Midland during the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Stock Performance

ADM opened at $65.89 on Wednesday. The company’s 50 day moving average is $59.80 and its 200 day moving average is $59.55. The company has a current ratio of 1.37, a quick ratio of 0.92 and a debt-to-equity ratio of 0.29. The company has a market cap of $31.67 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 4.54 and a beta of 0.70. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $66.63.

Archer Daniels Midland (NYSE:ADM) last released 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 business had revenue of $20.37 billion for the quarter, compared to the consensus estimate of $20.96 billion. Archer Daniels Midland had a net margin of 1.43% and a return on equity of 8.01%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $1.09 earnings per share. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. On average, equities research analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Wednesday, November 19th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, November 19th. Archer Daniels Midland’s payout ratio is presently 83.27%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $59.00 target price (down from $61.00) on shares of Archer Daniels Midland in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. Zacks Research cut shares of Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Morgan Stanley lowered shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $57.00 to $50.00 in a research note on Tuesday, December 16th. Finally, UBS Group restated a “buy” rating on shares of Archer Daniels Midland in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $54.38.

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.