40,158 Archer Daniels Midland Company $ADM Shares Sold by Howard Capital Management LLC

Howard Capital Management LLC cut its holdings in Archer Daniels Midland Company (NYSE:ADM) by 93.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,021 shares of the company’s stock after selling 40,158 shares during the period. Howard Capital Management LLC’s holdings in Archer Daniels Midland were worth $240,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Bank of America Corp DE purchased a new position in Archer Daniels Midland in the 2nd quarter valued at about $180,096,000. Hsbc Holdings PLC acquired a new stake in shares of Archer Daniels Midland during the 2nd quarter worth about $76,067,000. Empowered Funds LLC purchased a new stake in shares of Archer Daniels Midland during the second quarter worth about $2,585,000. Jupiter Topco LLC purchased a new stake in shares of Archer Daniels Midland during the second quarter worth about $8,819,000. Finally, Engineers Gate Manager LP grew its holdings in shares of Archer Daniels Midland by 88.2% during the second quarter. Engineers Gate Manager LP now owns 42,582 shares of the company’s stock worth $3,253,000 after buying an additional 19,953 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ADM shares. Wall Street Zen lowered shares of Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 10th. Zacks Research lowered shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Weiss Ratings raised shares of Archer Daniels Midland from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Morgan Stanley upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $60.00 to $79.00 in a report on Wednesday, August 5th. Finally, Barclays boosted their price target on Archer Daniels Midland from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $79.83.

Archer Daniels Midland Stock Performance

NYSE ADM opened at $82.47 on Friday. The firm has a market capitalization of $39.74 billion, a P/E ratio of 22.59, a P/E/G ratio of 2.51 and a beta of 0.64. Archer Daniels Midland Company has a 1-year low of $55.58 and a 1-year high of $88.75. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.39 and a quick ratio of 0.86. The business’s 50-day simple moving average is $82.36 and its 200-day simple moving average is $79.21.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.35. The firm had revenue of $22.68 billion during the quarter, compared to the consensus estimate of $22.75 billion. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 EPS. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. Equities analysts predict that Archer Daniels Midland Company will post 5.50 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, August 19th. Archer Daniels Midland’s payout ratio is 56.99%.

Archer Daniels Midland Company Profile

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company that converts crops and other plant-based materials into food, feed, fuel and industrial ingredients. The company sources, transports, stores and processes commodities such as corn, soybeans, wheat and oilseeds through an extensive network of elevators, processing facilities and transportation assets.

ADM’s businesses include agricultural services and oilseeds, carbohydrate solutions, and nutrition.