DNB Asset Management AS lowered its position in shares of Archer Daniels Midland Company (NYSE:ADM – Free Report) by 19.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 145,253 shares of the company’s stock after selling 36,115 shares during the period. DNB Asset Management AS’s holdings in Archer Daniels Midland were worth $8,351,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Toth Financial Advisory Corp acquired a new stake in shares of Archer Daniels Midland during the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Archer Daniels Midland by 313.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 509 shares of the company’s stock worth $30,000 after buying an additional 386 shares during the last quarter. Hager Investment Management Services LLC grew its holdings in shares of Archer Daniels Midland by 113.6% during the third quarter. Hager Investment Management Services LLC now owns 534 shares of the company’s stock worth $32,000 after buying an additional 284 shares during the last quarter. Oakworth Capital Inc. grew its holdings in shares of Archer Daniels Midland by 57.0% during the fourth quarter. Oakworth Capital Inc. now owns 628 shares of the company’s stock worth $36,000 after buying an additional 228 shares during the last quarter. Finally, Quest 10 Wealth Builders Inc. grew its holdings in shares of Archer Daniels Midland by 672.9% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 657 shares of the company’s stock worth $38,000 after buying an additional 572 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on ADM. Morgan Stanley raised their price target on Archer Daniels Midland from $54.00 to $58.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Jefferies Financial Group raised their price target on Archer Daniels Midland from $65.00 to $77.00 and gave the stock a “hold” rating in a report on Monday, April 6th. JPMorgan Chase & Co. raised their price target on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a report on Monday, April 20th. Finally, UBS Group raised their price target on Archer Daniels Midland from $70.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $74.50.
Archer Daniels Midland Price Performance
Shares of ADM opened at $80.95 on Tuesday. Archer Daniels Midland Company has a twelve month low of $46.81 and a twelve month high of $83.10. The stock’s 50 day moving average is $72.49 and its two-hundred day moving average is $65.99. The firm has a market capitalization of $39.01 billion, a PE ratio of 36.30 and a beta of 0.59. The company has a current ratio of 1.31, a quick ratio of 0.80 and a debt-to-equity ratio of 0.28.
Archer Daniels Midland (NYSE:ADM – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. Archer Daniels Midland had a return on equity of 7.37% and a net margin of 1.34%.The company had revenue of $20.49 billion for the quarter, compared to analyst estimates of $21.35 billion. During the same quarter in the previous year, the company earned $0.70 EPS. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Research analysts anticipate that Archer Daniels Midland Company will post 4.43 earnings per share for the current year.
Archer Daniels Midland Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, May 20th. Archer Daniels Midland’s payout ratio is currently 93.27%.
Insider Buying and Selling
In other Archer Daniels Midland news, SVP Gregory A. Morris sold 50,000 shares of Archer Daniels Midland stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $68.48, for a total value of $3,424,000.00. Following the sale, the senior vice president owned 300,122 shares of the company’s stock, valued at approximately $20,552,354.56. The trade was a 14.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ian R. Pinner sold 34,106 shares of Archer Daniels Midland stock in a transaction that occurred on 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 completion of the sale, 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 position. The SEC filing for this sale provides additional information. 0.60% of the stock is currently owned by insiders.
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.
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