Lido Advisors LLC Lowers Position in Archer Daniels Midland Company $ADM

Lido Advisors LLC decreased its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 41.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,846 shares of the company’s stock after selling 17,037 shares during the period. Lido Advisors LLC’s holdings in Archer Daniels Midland were worth $1,259,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ADM. Wellington Management Group LLP boosted its position in shares of Archer Daniels Midland by 17.9% during 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 last quarter. Charles Schwab Investment Management Inc. lifted its position in Archer Daniels Midland by 3.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 18,076,118 shares of the company’s stock valued at $954,058,000 after purchasing an additional 620,794 shares during the last quarter. Geode Capital Management LLC grew 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 worth $654,772,000 after buying an additional 283,207 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Archer Daniels Midland by 3.7% in the 1st quarter. Northern Trust Corp now owns 11,448,325 shares of the company’s stock worth $549,634,000 after buying an additional 413,314 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Archer Daniels Midland by 8.5% during the 1st quarter. Invesco Ltd. now owns 7,753,585 shares of the company’s stock valued at $372,250,000 after buying an additional 607,767 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Trading Down 0.8%

Shares of NYSE ADM opened at $59.35 on Friday. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $65.00. 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 firm has a 50-day moving average of $60.28 and a 200 day moving average of $57.31. The stock has a market cap of $28.52 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 5.07 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $20.37 billion during the quarter, compared to the consensus estimate of $20.96 billion. During the same quarter last year, the firm earned $1.09 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. As a group, sell-side analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, November 19th. Archer Daniels Midland’s payout ratio is 83.27%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. UBS Group reiterated a “buy” rating and issued a $70.00 target price (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $59.00 price objective (down from $61.00) on shares of Archer Daniels Midland in a report on Wednesday, November 5th. Wall Street Zen raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Zacks Research downgraded shares of Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Archer Daniels Midland has a consensus rating of “Reduce” and an average target price of $55.25.

About Archer Daniels Midland

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.