Vest Financial LLC Sells 281,864 Shares of Archer Daniels Midland Company $ADM

Vest Financial LLC cut its position in Archer Daniels Midland Company (NYSE:ADM) by 22.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 987,967 shares of the company’s stock after selling 281,864 shares during the period. Vest Financial LLC’s holdings in Archer Daniels Midland were worth $59,021,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ADM. Centennial Wealth Advisory LLC increased its stake in shares of Archer Daniels Midland by 1.5% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 12,696 shares of the company’s stock worth $758,000 after purchasing an additional 184 shares during the last quarter. Beacon Financial Advisory LLC increased its position in Archer Daniels Midland by 1.0% during the second quarter. Beacon Financial Advisory LLC now owns 18,505 shares of the company’s stock worth $977,000 after buying an additional 185 shares during the last quarter. Rothschild Investment LLC raised its stake in Archer Daniels Midland by 9.7% in the second quarter. Rothschild Investment LLC now owns 2,232 shares of the company’s stock valued at $118,000 after buying an additional 198 shares during the period. Argyle Capital Management LLC boosted its stake in shares of Archer Daniels Midland by 1.0% during the 2nd quarter. Argyle Capital Management LLC now owns 20,575 shares of the company’s stock worth $1,086,000 after acquiring an additional 200 shares during the period. Finally, Caldwell Trust Co raised its stake in Archer Daniels Midland by 44.7% in the 3rd quarter. Caldwell Trust Co now owns 647 shares of the company’s stock valued at $39,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Stock Performance

ADM opened at $65.89 on Wednesday. The firm has a market cap of $31.67 billion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 4.54 and a beta of 0.70. The business’s fifty day moving average is $59.80 and its 200-day moving average is $59.55. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $66.63. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.92 and a current ratio of 1.37.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $20.37 billion for the quarter, compared to the consensus estimate of $20.96 billion. During the same period in the prior year, the company posted $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. Sell-side analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Wednesday, November 19th. Archer Daniels Midland’s dividend payout ratio is currently 83.27%.

Analyst Ratings Changes

A number of analysts have recently issued reports on ADM shares. UBS Group restated a “buy” rating on shares of Archer Daniels Midland in a research note on Monday, December 15th. JPMorgan Chase & Co. restated 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 restated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. Morgan Stanley lowered Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $57.00 to $50.00 in a research note on Tuesday, December 16th. Finally, Zacks Research downgraded Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and four have assigned 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 price target of $54.38.

Archer Daniels Midland Profile

Archer Daniels Midland Company (ADM) is a global agricultural processor and food-ingredient provider that sources, transports and processes oilseeds, corn, wheat and other agricultural commodities. The company operates large-scale crushing, refining and processing facilities that produce vegetable oils, protein meals, corn sweeteners, starches, ethanol, animal feeds and a wide range of food and industrial ingredients. ADM also develops specialty ingredients and solutions for human and animal nutrition, food and beverage formulation, and industrial applications such as bio-based materials and renewable fuels.

ADM’s business combines commodity origination and merchandising with downstream manufacturing and ingredient formulation.