Archer Daniels Midland Q3 EPS Tops Forecast, FY2025 EPS Guided to $3.25–3.50; Pacer, Generali Buys
Archer Daniels Midland reported Q3 EPS of $0.92 versus $0.89 forecast, with revenue of $20.37B falling short of $20.96B, and guided FY2025 EPS to $3.25–3.50. Pacer Advisors lifted its stake 8,609% to 4.41M shares ($263M), and Generali Asset Management boosted holdings 146.4% to 41,989 shares ($2.51M).
1. Generali Asset Management Increases ADM Stake
Generali Asset Management SPA SGR raised its position in Archer Daniels Midland Company by 146.4% during the third quarter, acquiring an additional 24,946 shares to reach a total holding of 41,989 shares. The increased stake was valued at $2,508,000 at the end of the period, reflecting the fund’s conviction in ADM’s long-term fundamentals and cash-flow outlook.
2. Major Institutions Adjust Positions
Several leading asset managers and hedge funds also modified their ADM exposures. Dodge & Cox initiated a new position valued at $345,689,000 in the second quarter, while Norges Bank added a $340,247,000 stake over the same period. Pacer Advisors Inc. grew its holdings by 8,609.3% in the third quarter, ending with 4,405,427 shares worth $263,180,000. MEAG Munich Ergo invested $39,094,000 in a new position, and Charles Schwab Investment Management raised its stake by 3.6% to 18,076,118 shares, valued at $954,058,000. Institutional investors now own 78.28% of the company’s shares.
3. Third-Quarter Results and Fiscal 2025 Guidance
In its latest quarterly report, ADM delivered earnings per share of $0.92, beating consensus estimates by $0.03, on revenue of $20.37 billion compared with expectations of $20.96 billion. Year-over-year revenue increased by 2.2%. The company set its fiscal 2025 EPS guidance range at 3.250 to 3.500, and sell-side analysts currently forecast full-year earnings of 4.31 per share, underscoring a cautious but improving outlook for growth in processing and ingredient margins.
4. Dividend Policy and Analyst Sentiment
ADM declared a quarterly dividend of $0.51 per share, representing a $2.04 annualized payout and a yield of 3.5%, with a payout ratio of 83.27%. Analyst coverage remains mixed: one firm rates the stock as Buy, four as Hold and four as Sell, resulting in an average consensus rating of Reduce and a mean price target of $54.38. This divergence highlights differing views on commodity volatility and end-market demand trends.