Hsbc Holdings PLC decreased its position in Archer Daniels Midland Company (NYSE:ADM – Free Report) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 805,276 shares of the company’s stock after selling 9,092 shares during the quarter. Hsbc Holdings PLC’s holdings in Archer Daniels Midland were worth $46,331,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Archer Daniels Midland in the 4th quarter worth approximately $402,743,000. Procyon Advisors LLC lifted its holdings in Archer Daniels Midland by 174.0% during the fourth quarter. Procyon Advisors LLC now owns 39,442 shares of the company’s stock worth $2,268,000 after acquiring an additional 25,048 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Archer Daniels Midland by 1,542.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 397,444 shares of the company’s stock worth $22,849,000 after acquiring an additional 373,241 shares during the period. Swedbank AB boosted its position in Archer Daniels Midland by 9.2% in the fourth quarter. Swedbank AB now owns 399,047 shares of the company’s stock worth $22,941,000 after purchasing an additional 33,647 shares during the last quarter. Finally, DoubleLine ETF Adviser LP bought a new position in Archer Daniels Midland in the 3rd quarter valued at $1,536,000. 78.28% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
ADM has been the subject of several research analyst reports. UBS Group raised their target price on Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Morgan Stanley increased their price target on shares of Archer Daniels Midland from $54.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Zacks Research upgraded shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a report on Monday, April 6th. Barclays boosted their target price on shares of 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. Finally, Wall Street Zen raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One research 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 assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $75.33.
Archer Daniels Midland Stock Down 0.3%
Shares of NYSE ADM opened at $76.05 on Wednesday. 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 $36.65 billion, a PE ratio of 34.10 and a beta of 0.60. Archer Daniels Midland Company has a one year low of $51.34 and a one year high of $85.37. The business’s fifty day moving average price is $76.72 and its 200-day moving average price is $69.66.
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, topping the consensus estimate of $0.66 by $0.05. The company 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%.The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 EPS. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. On average, equities research analysts anticipate that Archer Daniels Midland Company will post 4.43 EPS for the current year.
Archer Daniels Midland Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were given a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $2.08 annualized dividend and a dividend yield of 2.7%. Archer Daniels Midland’s payout ratio is 93.27%.
Archer Daniels Midland 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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