Eurizon Capital SGR S.p.A. purchased a new position in Archer Daniels Midland Company (NYSE:ADM – Free Report) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 556,917 shares of the company’s stock, valued at approximately $32,020,000.
A number of other large investors have also recently made changes to their positions in ADM. Dodge & Cox boosted its holdings in shares of Archer Daniels Midland by 130.1% in the third quarter. Dodge & Cox now owns 15,068,544 shares of the company’s stock worth $900,195,000 after acquiring an additional 8,518,920 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Archer Daniels Midland by 3,379.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,761,397 shares of the company’s stock valued at $316,525,000 after buying an additional 5,595,801 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in Archer Daniels Midland by 176.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,967,471 shares of the company’s stock valued at $117,537,000 after buying an additional 1,256,596 shares during the period. Munich Reinsurance Co Stock Corp in Munich bought a new stake in Archer Daniels Midland during the third quarter valued at $61,290,000. Finally, Russell Investments Group Ltd. boosted its stake in Archer Daniels Midland by 163.5% during the third quarter. Russell Investments Group Ltd. now owns 1,272,875 shares of the company’s stock valued at $76,043,000 after buying an additional 789,783 shares during the period. 78.28% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on ADM shares. Barclays lifted their price objective on Archer Daniels Midland from $77.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Wall Street Zen raised Archer Daniels Midland from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Monday, April 20th. Jefferies Financial Group increased their price target on shares of Archer Daniels Midland from $65.00 to $77.00 and gave the stock a “hold” rating in a report on Monday, April 6th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $74.50.
Archer Daniels Midland Stock Performance
NYSE:ADM opened at $79.80 on Friday. The company has a market capitalization of $38.46 billion, a price-to-earnings ratio of 35.79 and a beta of 0.59. The business has a 50 day moving average of $73.95 and a 200 day moving average of $67.17. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 0.80. Archer Daniels Midland Company has a 1-year low of $46.81 and a 1-year high of $83.10.
Archer Daniels Midland (NYSE:ADM – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.05. The business had revenue of $20.49 billion during the quarter, compared to analyst estimates of $21.35 billion. Archer Daniels Midland had a return on equity of 7.37% and a net margin of 1.34%.Archer Daniels Midland’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.70 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. On average, sell-side analysts predict that Archer Daniels Midland Company will post 4.43 earnings per share for the current fiscal year.
Archer Daniels Midland Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $2.08 annualized dividend and a yield of 2.6%. Archer Daniels Midland’s dividend payout ratio is currently 93.27%.
Insider Activity at Archer Daniels Midland
In other Archer Daniels Midland news, SVP Gregory A. Morris sold 50,000 shares of the company’s 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 completion of the sale, the senior vice president owned 300,122 shares of the company’s stock, valued at $20,552,354.56. This represents a 14.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ian R. Pinner sold 34,106 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was 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 of the company’s stock, valued at approximately $6,486,054.28. This represents a 27.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is owned by corporate 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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