Burney Co. Reduces Stock Position in Archer Daniels Midland Company $ADM

Burney Co. reduced its stake in Archer Daniels Midland Company (NYSE:ADM) by 48.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,617 shares of the company’s stock after selling 13,921 shares during the period. Burney Co.’s holdings in Archer Daniels Midland were worth $771,000 at the end of the most recent reporting period.

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

Archer Daniels Midland Trading Down 6.4%

NYSE:ADM opened at $56.25 on Thursday. The company has a fifty day moving average of $61.44 and a 200 day moving average of $55.84. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $65.00. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $27.03 billion, a P/E ratio of 24.78, a P/E/G ratio of 4.78 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The company had revenue of $20.37 billion during the quarter, compared to analyst estimates of $20.96 billion. During the same period in the prior year, the business posted $1.09 EPS. The firm’s revenue 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. On average, research analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ADM shares. Morgan Stanley boosted their price target on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. UBS Group reissued a “buy” rating and issued a $70.00 price target (up previously from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Archer Daniels Midland has an average rating of “Reduce” and an average target price of $55.25.

Archer Daniels Midland Company 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.