Archer Daniels Midland Company $ADM Shares Sold by Hsbc Holdings PLC

by · The Cerbat Gem

Hsbc Holdings PLC cut its position in Archer Daniels Midland Company (NYSE:ADM – Free Report) by 3.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 811,511 shares of the company’s stock after selling 30,846 shares during the period. Hsbc Holdings PLC owned approximately 0.17% of Archer Daniels Midland worth $42,823,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ADM. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Archer Daniels Midland by 10.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 508,956 shares of the company’s stock worth $26,863,000 after purchasing an additional 49,954 shares during the period. Perpetual Ltd purchased a new position in Archer Daniels Midland during the second quarter valued at $227,000. Wellington Management Group LLP boosted its holdings in 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 worth $1,197,568,000 after buying an additional 3,791,597 shares during the last quarter. Candriam S.C.A. raised its stake in Archer Daniels Midland by 27.4% in the 1st quarter. Candriam S.C.A. now owns 58,888 shares of the company’s stock valued at $2,827,000 after purchasing an additional 12,678 shares during the last quarter. Finally, Groupama Asset Managment acquired a new stake in Archer Daniels Midland during the 1st quarter worth $401,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Stock Up 0.3%

ADM opened at $60.74 on Monday. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $65.00. The firm has a 50 day moving average price of $60.34 and a 200 day moving average price of $57.12. The company has a market cap of $29.19 billion, a PE ratio of 26.76, 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 quick ratio of 0.90 and a current ratio of 1.42.

Archer Daniels Midland (NYSE:ADM – Get Free Report) last posted its earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $20.37 billion for the quarter, compared to analyst estimates of $20.96 billion. During the same quarter in the previous year, the business posted $1.09 EPS. The business’s quarterly revenue 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. Sell-side analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors 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 3.4%. The ex-dividend date is Wednesday, November 19th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 83.27%.

Analyst Ratings Changes

Several research firms have issued reports on ADM. Weiss Ratings reissued 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 note on Saturday, August 9th. Morgan Stanley raised their price target on 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. Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $59.00 price target (down from $61.00) on shares of Archer Daniels Midland in a report on Wednesday, November 5th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $55.25.

Read Our Latest Report on Archer Daniels Midland

Archer Daniels Midland Profile

(Free Report)

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.

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