Franklin Resources Inc. Decreases Stock Holdings in Archer Daniels Midland Company $ADM

Franklin Resources Inc. reduced its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 72.7% in the second quarter, HoldingsChannel.com reports. The firm owned 80,865 shares of the company’s stock after selling 215,311 shares during the period. Franklin Resources Inc.’s holdings in Archer Daniels Midland were worth $4,268,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ADM. Headlands Technologies LLC purchased a new stake in Archer Daniels Midland in the 1st quarter worth approximately $25,000. SOA Wealth Advisors LLC. purchased a new stake in Archer Daniels Midland in the second quarter worth $25,000. Trust Co. of Toledo NA OH bought a new stake in Archer Daniels Midland in the second quarter valued at $32,000. Pandora Wealth Inc. purchased a new position in Archer Daniels Midland during the 1st quarter valued at $39,000. Finally, Westpac Banking Corp raised its holdings in Archer Daniels Midland by 38.0% in the 2nd quarter. Westpac Banking Corp now owns 733 shares of the company’s stock worth $39,000 after purchasing an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Stock Performance

Shares of ADM opened at $60.59 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34. The stock has a market cap of $29.12 billion, a P/E ratio of 26.69, a P/E/G ratio of 4.78 and a beta of 0.70. The business’s 50 day moving average price is $60.36 and its 200-day moving average price is $57.20. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $65.00.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The company had revenue of $20.37 billion during the quarter, compared to analyst estimates of $20.96 billion. During the same quarter last year, the company earned $1.09 EPS. The firm’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. Equities research analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 19th will be paid a $0.51 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $2.04 dividend on an annualized basis and a yield of 3.4%. Archer Daniels Midland’s payout ratio is presently 83.27%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ADM shares. Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. Wall Street Zen raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Morgan Stanley increased their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 12th. UBS Group restated a “buy” rating and issued a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Finally, Zacks Research cut 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, six have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $55.25.

Archer Daniels Midland 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.