Markel Group Inc. Cuts Holdings in Archer Daniels Midland Company $ADM

Markel Group Inc. lowered its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 4.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,505,800 shares of the company’s stock after selling 68,000 shares during the quarter. Markel Group Inc.’s holdings in Archer Daniels Midland were worth $89,956,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADM. SOA Wealth Advisors LLC. purchased a new stake in Archer Daniels Midland during the second quarter valued at about $25,000. Trust Co. of Vermont increased its position in shares of Archer Daniels Midland by 367.0% during the 3rd quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of Archer Daniels Midland during the 2nd quarter valued at about $32,000. Elevation Point Wealth Partners LLC bought a new stake in Archer Daniels Midland in the 2nd quarter worth approximately $36,000. Finally, Evelyn Partners Investment Management Services Ltd purchased a new stake in Archer Daniels Midland in the second quarter worth approximately $37,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ADM. UBS Group reaffirmed a “buy” rating on shares of Archer Daniels Midland in a report on Monday, December 15th. Zacks Research upgraded shares of Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a report on Friday. Morgan Stanley cut shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $57.00 to $50.00 in a research report on Tuesday, December 16th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. boosted their target price on Archer Daniels Midland from $59.00 to $60.00 and gave the company an “underweight” rating in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Archer Daniels Midland has a consensus rating of “Reduce” and an average price target of $54.50.

Archer Daniels Midland Stock Down 0.2%

NYSE:ADM opened at $67.35 on Tuesday. 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’s 50-day moving average price is $60.51 and its 200-day moving average price is $59.91. The company has a market capitalization of $32.37 billion, a PE ratio of 27.49, a P/E/G ratio of 4.62 and a beta of 0.70. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $68.06.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.92 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $20.96 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. Archer Daniels Midland’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. On average, equities analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th were paid a dividend of $0.51 per share. The ex-dividend date was Wednesday, November 19th. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. Archer Daniels Midland’s payout ratio is presently 83.27%.

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.