Powers Advisory Group LLC Sells 222 Shares of Archer Daniels Midland Company $ADM

Powers Advisory Group LLC lowered its stake in Archer Daniels Midland Company (NYSE:ADM) by 3.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,405 shares of the company’s stock after selling 222 shares during the quarter. Powers Advisory Group LLC’s holdings in Archer Daniels Midland were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ADM. Wealth Enhancement Advisory Services LLC grew its position in shares of Archer Daniels Midland by 7.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 52,960 shares of the company’s stock worth $2,676,000 after purchasing an additional 3,509 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Archer Daniels Midland by 52.4% during the first quarter. Parallel Advisors LLC now owns 4,680 shares of the company’s stock worth $225,000 after purchasing an additional 1,609 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of Archer Daniels Midland by 6.6% during the first quarter. Fifth Third Wealth Advisors LLC now owns 5,296 shares of the company’s stock worth $254,000 after purchasing an additional 326 shares in the last quarter. Rhumbline Advisers grew its position in shares of Archer Daniels Midland by 5.9% during the first quarter. Rhumbline Advisers now owns 980,747 shares of the company’s stock worth $47,086,000 after purchasing an additional 54,926 shares in the last quarter. Finally, Czech National Bank grew its position in shares of Archer Daniels Midland by 6.0% during the first quarter. Czech National Bank now owns 109,911 shares of the company’s stock worth $5,277,000 after purchasing an additional 6,240 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Price Performance

Shares of Archer Daniels Midland stock opened at $59.72 on Wednesday. The stock has a market cap of $28.69 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 3.21 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. The stock has a 50 day moving average price of $59.79 and a 200-day moving average price of $53.02. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $64.38.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.05. The firm had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $21.56 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The company’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. Equities analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Wednesday, August 20th. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 89.87%.

Analysts Set New Price Targets

Several analysts recently issued reports on ADM shares. UBS Group reiterated a “buy” rating and set a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. JPMorgan Chase & Co. initiated coverage on Archer Daniels Midland in a report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 price target for the company. Morgan Stanley raised their price target on Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, August 12th. Wall Street Zen upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.50.

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.