Archer Daniels Midland Company $ADM Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of Archer Daniels Midland Company (NYSE:ADMFree Report) by 2.0% in the 1st quarter, Holdings Channel reports. The fund owned 1,156,999 shares of the company’s stock after selling 23,369 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Archer Daniels Midland were worth $84,102,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of ADM. Toth Financial Advisory Corp acquired a new position in Archer Daniels Midland during the 4th quarter valued at about $25,000. Motiv8 Investments LLC bought a new position in Archer Daniels Midland in the 4th quarter worth about $26,000. Sankala Group LLC acquired a new stake in shares of Archer Daniels Midland in the fourth quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Archer Daniels Midland during the fourth quarter valued at approximately $29,000. Finally, Global Trust Asset Management LLC bought a new stake in shares of Archer Daniels Midland during the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ADM shares. UBS Group increased their price objective on Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, June 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Monday, April 20th. Wall Street Zen raised Archer Daniels Midland from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Morgan Stanley raised their price target on Archer Daniels Midland from $54.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Finally, Jefferies Financial Group lifted their price objective on shares of Archer Daniels Midland from $65.00 to $77.00 and gave the company a “hold” rating in a research note on Monday, April 6th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Archer Daniels Midland currently has an average rating of “Reduce” and an average target price of $75.33.

Get Our Latest Report on ADM

Archer Daniels Midland Price Performance

Shares of Archer Daniels Midland stock traded up $1.34 on Friday, hitting $80.32. The company had a trading volume of 2,970,584 shares, compared to its average volume of 3,314,602. Archer Daniels Midland Company has a 52 week low of $52.23 and a 52 week high of $85.37. 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 company has a market cap of $38.71 billion, a PE ratio of 36.02 and a beta of 0.62. The business has a 50-day simple moving average of $78.75 and a 200-day simple moving average of $71.28.

Archer Daniels Midland (NYSE:ADMGet Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.66 by $0.05. The firm had revenue of $20.49 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.70 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Research analysts expect that Archer Daniels Midland Company will post 4.47 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, May 20th. Archer Daniels Midland’s payout ratio is currently 93.27%.

Archer Daniels Midland 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.

See Also

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

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