State of Alaska Department of Revenue Buys 8,705 Shares of Archer Daniels Midland Company $ADM

State of Alaska Department of Revenue increased its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 16.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 60,353 shares of the company’s stock after purchasing an additional 8,705 shares during the quarter. State of Alaska Department of Revenue’s holdings in Archer Daniels Midland were worth $3,469,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ADM. Woodline Partners LP grew its position in Archer Daniels Midland by 40.8% during the 1st quarter. Woodline Partners LP now owns 40,429 shares of the company’s stock worth $1,941,000 after acquiring an additional 11,715 shares during the last quarter. Daiwa Securities Group Inc. grew its position in Archer Daniels Midland by 5.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 83,983 shares of the company’s stock worth $4,433,000 after acquiring an additional 4,224 shares during the last quarter. Sei Investments Co. grew its position in shares of Archer Daniels Midland by 40.0% in the 2nd quarter. Sei Investments Co. now owns 191,633 shares of the company’s stock worth $10,116,000 after buying an additional 54,746 shares during the last quarter. Glenview Trust co bought a new stake in shares of Archer Daniels Midland in the 2nd quarter worth approximately $203,000. Finally, Treasurer of the State of North Carolina grew its position in shares of Archer Daniels Midland by 2.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 223,280 shares of the company’s stock worth $11,785,000 after buying an additional 5,051 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays lifted their price objective on Archer Daniels Midland from $68.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 1st. Zacks Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. JPMorgan Chase & Co. lifted their price objective on Archer Daniels Midland from $61.00 to $65.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group lifted their price objective on Archer Daniels Midland from $65.00 to $77.00 and gave the stock a “hold” rating in a research report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Archer Daniels Midland presently has an average rating of “Hold” and a consensus target price of $63.86.

Insider Transactions at Archer Daniels Midland

In related news, SVP Ian R. Pinner sold 34,106 shares of Archer Daniels Midland stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $71.53, for a total transaction of $2,439,602.18. Following the sale, the senior vice president directly owned 90,676 shares in the company, valued at $6,486,054.28. The trade was a 27.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Gregory A. Morris sold 50,000 shares of Archer Daniels Midland stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $68.48, for a total value of $3,424,000.00. Following the transaction, the senior vice president owned 300,122 shares of the company’s stock, valued at $20,552,354.56. The trade was a 14.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 109,106 shares of company stock valued at $7,539,602. Company insiders own 0.60% of the company’s stock.

Archer Daniels Midland Trading Up 2.5%

NYSE ADM opened at $68.62 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.37 and a debt-to-equity ratio of 0.29. Archer Daniels Midland Company has a twelve month low of $46.41 and a twelve month high of $74.19. The firm has a market capitalization of $33.07 billion, a PE ratio of 30.91, a P/E/G ratio of 0.82 and a beta of 0.65. The stock’s 50 day moving average is $69.67 and its 200 day moving average is $64.06.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.07. Archer Daniels Midland had a return on equity of 7.39% and a net margin of 1.34%.The company had revenue of $18.56 billion for the quarter, compared to analyst estimates of $21.03 billion. During the same period in the previous year, the company posted $1.14 earnings per share. The firm’s revenue was down 13.7% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 3.600-4.250 EPS. Research analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given a dividend of $0.52 per share. This is a boost from Archer Daniels Midland’s previous quarterly dividend of $0.51. This represents a $2.08 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Tuesday, February 17th. Archer Daniels Midland’s dividend payout ratio is presently 93.69%.

Archer Daniels Midland Company 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.