Sierra Summit Advisors LLC Raises Holdings in Archer Daniels Midland Company $ADM

Sierra Summit Advisors LLC grew its position in Archer Daniels Midland Company (NYSE:ADMFree Report) by 39.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 32,465 shares of the company’s stock after purchasing an additional 9,188 shares during the quarter. Sierra Summit Advisors LLC’s holdings in Archer Daniels Midland were worth $1,866,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ADM. Dodge & Cox lifted its holdings in shares of Archer Daniels Midland by 130.1% in the 3rd quarter. Dodge & Cox now owns 15,068,544 shares of the company’s stock worth $900,195,000 after buying an additional 8,518,920 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Archer Daniels Midland by 3,379.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,761,397 shares of the company’s stock worth $316,525,000 after buying an additional 5,595,801 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Archer Daniels Midland by 176.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,967,471 shares of the company’s stock worth $117,537,000 after buying an additional 1,256,596 shares during the period. Munich Reinsurance Co Stock Corp in Munich purchased a new stake in shares of Archer Daniels Midland in the 3rd quarter worth $61,290,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Archer Daniels Midland by 163.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,272,875 shares of the company’s stock worth $76,043,000 after buying an additional 789,783 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Gregory A. Morris sold 50,000 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $68.48, for a total transaction of $3,424,000.00. Following the transaction, the senior vice president directly owned 300,122 shares of the company’s stock, valued at $20,552,354.56. This represents a 14.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Ian R. Pinner sold 34,106 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $71.53, for a total value of $2,439,602.18. Following the transaction, the senior vice president directly owned 90,676 shares in the company, valued at $6,486,054.28. This represents a 27.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ADM shares. Morgan Stanley upped their target price on Archer Daniels Midland from $54.00 to $58.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Monday, April 20th. Zacks Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a report on Monday, April 6th. UBS Group upped their target price on Archer Daniels Midland from $70.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $74.50.

View Our Latest Stock Analysis on ADM

Archer Daniels Midland Trading Down 2.3%

Shares of NYSE ADM opened at $77.58 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 0.80. The stock has a market capitalization of $37.39 billion, a P/E ratio of 34.79 and a beta of 0.59. Archer Daniels Midland Company has a 1-year low of $46.81 and a 1-year high of $83.10. The business has a fifty day moving average price of $72.92 and a 200 day moving average price of $66.24.

Archer Daniels Midland (NYSE:ADMGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The firm had revenue of $20.49 billion during the quarter, compared to analysts’ expectations of $21.35 billion. Archer Daniels Midland had a return on equity of 7.37% and a net margin of 1.34%.The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 EPS. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Equities research analysts expect that Archer Daniels Midland Company will post 4.43 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Wednesday, May 20th. Archer Daniels Midland’s dividend payout ratio is 93.27%.

Archer Daniels Midland Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Archer Daniels Midland (NYSE:ADM)

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