Ensign Peak Advisors Inc Sells 146,920 Shares of Archer Daniels Midland Company $ADM

Ensign Peak Advisors Inc cut its position in Archer Daniels Midland Company (NYSE:ADM) by 22.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 507,536 shares of the company’s stock after selling 146,920 shares during the quarter. Ensign Peak Advisors Inc owned about 0.11% of Archer Daniels Midland worth $26,788,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADM. Wellington Management Group LLP grew its position in shares of Archer Daniels Midland by 17.9% in the 1st quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company’s stock valued at $1,197,568,000 after acquiring an additional 3,791,597 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Archer Daniels Midland by 350.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company’s stock valued at $838,030,000 after purchasing an additional 13,579,379 shares during the last quarter. Geode Capital Management LLC lifted its stake in Archer Daniels Midland by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 12,457,546 shares of the company’s stock valued at $654,772,000 after purchasing an additional 283,207 shares during the last quarter. Northern Trust Corp grew its holdings in Archer Daniels Midland by 3.7% during the first quarter. Northern Trust Corp now owns 11,448,325 shares of the company’s stock worth $549,634,000 after purchasing an additional 413,314 shares during the period. Finally, Invesco Ltd. increased its position in Archer Daniels Midland by 8.5% during the first quarter. Invesco Ltd. now owns 7,753,585 shares of the company’s stock worth $372,250,000 after buying an additional 607,767 shares during the last quarter. 78.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. UBS Group reaffirmed a “buy” rating and issued a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Wall Street Zen raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $59.00 price objective (down from $61.00) on shares of Archer Daniels Midland in a research report on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. Finally, 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. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $55.25.

Archer Daniels Midland Price Performance

Shares of Archer Daniels Midland stock opened at $58.59 on Friday. 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 stock 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. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $65.00. The company has a 50-day simple moving average of $60.46 and a two-hundred day simple moving average of $56.62.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, November 4th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. The company had revenue of $20.37 billion for the quarter, compared to analysts’ expectations of $20.96 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The business’s revenue for the quarter 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. Analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 19th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, November 19th. Archer Daniels Midland’s dividend payout ratio is 83.27%.

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.