Archer Daniels Midland Company $ADM Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lowered its position in Archer Daniels Midland Company (NYSE:ADM) by 21.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 658,208 shares of the company’s stock after selling 183,586 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.14% of Archer Daniels Midland worth $34,740,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Allianz Asset Management GmbH boosted its stake in Archer Daniels Midland by 9.5% during the 1st quarter. Allianz Asset Management GmbH now owns 371,258 shares of the company’s stock worth $17,824,000 after purchasing an additional 32,110 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Archer Daniels Midland by 6.7% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 353,377 shares of the company’s stock worth $16,966,000 after buying an additional 22,160 shares during the period. Advisor OS LLC boosted its stake in shares of Archer Daniels Midland by 36.9% during the first quarter. Advisor OS LLC now owns 6,248 shares of the company’s stock worth $300,000 after buying an additional 1,683 shares during the period. Cetera Investment Advisers increased its position in Archer Daniels Midland by 11.3% in the 1st quarter. Cetera Investment Advisers now owns 189,083 shares of the company’s stock valued at $9,078,000 after acquiring an additional 19,247 shares during the period. Finally, Benedict Financial Advisors Inc. raised its stake in Archer Daniels Midland by 4.7% during the 1st quarter. Benedict Financial Advisors Inc. now owns 43,257 shares of the company’s stock valued at $2,077,000 after acquiring an additional 1,939 shares during the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer Daniels Midland Price Performance

Shares of NYSE:ADM opened at $58.59 on Friday. The firm has a market capitalization of $28.16 billion, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 4.78 and a beta of 0.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. The business’s 50 day simple moving average is $60.46 and its 200-day simple moving average is $56.62. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $65.00.

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

Archer Daniels Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 19th will be given a $0.51 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. Archer Daniels Midland’s payout ratio is currently 83.27%.

Wall Street Analysts Forecast Growth

ADM has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. UBS Group restated a “buy” rating and set a $70.00 price objective (up previously from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $59.00 target price (down previously from $61.00) on shares of Archer Daniels Midland in a research note on Wednesday, November 5th. Finally, Zacks Research lowered shares of Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. One equities 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. Based on data from MarketBeat.com, Archer Daniels Midland presently has an average rating of “Reduce” and a consensus 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.