Archer Daniels Midland Company $ADM Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its stake in shares of Archer Daniels Midland Company (NYSE:ADMFree Report) by 5.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 208,230 shares of the company’s stock after selling 13,057 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Archer Daniels Midland were worth $12,440,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Robeco Institutional Asset Management B.V. raised its holdings in shares of Archer Daniels Midland by 193.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 557,621 shares of the company’s stock valued at $33,312,000 after acquiring an additional 367,293 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Archer Daniels Midland by 10.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 508,956 shares of the company’s stock worth $26,863,000 after purchasing an additional 49,954 shares in the last quarter. Allstate Corp acquired a new position in Archer Daniels Midland in the 3rd quarter valued at $1,044,000. Generali Asset Management SPA SGR raised its stake in Archer Daniels Midland by 146.4% in the 3rd quarter. Generali Asset Management SPA SGR now owns 41,989 shares of the company’s stock valued at $2,508,000 after purchasing an additional 24,946 shares during the last quarter. Finally, Inspire Advisors LLC purchased a new position in Archer Daniels Midland in the 2nd quarter valued at $3,060,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ADM. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, January 21st. Zacks Research raised shares of Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. UBS Group reiterated a “buy” rating on shares of Archer Daniels Midland in a report on Monday, December 15th. JPMorgan Chase & Co. boosted their target price on Archer Daniels Midland from $59.00 to $60.00 and gave the stock an “underweight” rating in a report on Wednesday, January 21st. Finally, Morgan Stanley lowered Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $57.00 to $50.00 in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $54.50.

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Archer Daniels Midland Price Performance

Shares of ADM stock opened at $68.27 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.37 and a quick ratio of 0.92. The company has a market capitalization of $32.81 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 4.61 and a beta of 0.70. The firm’s 50-day moving average is $60.66 and its two-hundred day moving average is $60.00. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $68.45.

Archer Daniels Midland (NYSE:ADMGet Free Report) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. Archer Daniels Midland had a net margin of 1.43% and a return on equity of 8.01%. The firm 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 company earned $1.09 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. Analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Wednesday, November 19th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, November 19th. Archer Daniels Midland’s dividend payout ratio is 83.27%.

Archer Daniels Midland Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Archer Daniels Midland (NYSE:ADM)

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