Avantax Planning Partners Inc. trimmed its holdings in Archer Daniels Midland Company (NYSE:ADM – Free Report) by 43.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,760 shares of the company’s stock after selling 14,124 shares during the quarter. Avantax Planning Partners Inc.’s holdings in Archer Daniels Midland were worth $1,364,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in ADM. Norges Bank bought a new stake in shares of Archer Daniels Midland during the fourth quarter worth $402,743,000. Procyon Advisors LLC boosted its holdings in Archer Daniels Midland by 174.0% in the fourth quarter. Procyon Advisors LLC now owns 39,442 shares of the company’s stock valued at $2,268,000 after acquiring an additional 25,048 shares during the last quarter. Swedbank AB boosted its holdings in Archer Daniels Midland by 9.2% in the fourth quarter. Swedbank AB now owns 399,047 shares of the company’s stock valued at $22,941,000 after acquiring an additional 33,647 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Archer Daniels Midland by 1,542.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 397,444 shares of the company’s stock worth $22,849,000 after purchasing an additional 373,241 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Archer Daniels Midland by 26.6% during the 4th quarter. SG Americas Securities LLC now owns 70,613 shares of the company’s stock worth $4,060,000 after purchasing an additional 14,829 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. Barclays upped 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 report on Wednesday, May 6th. Morgan Stanley boosted their price target on shares of Archer Daniels Midland from $54.00 to $58.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Jefferies Financial Group increased their price objective on shares of Archer Daniels Midland from $65.00 to $77.00 and gave the company a “hold” rating in a report on Monday, April 6th. UBS Group raised their price objective on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Finally, Wall Street Zen raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $75.33.
Archer Daniels Midland Price Performance
Archer Daniels Midland stock opened at $82.37 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 0.80 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $39.70 billion, a P/E ratio of 36.94 and a beta of 0.62. The business has a 50-day moving average of $78.97 and a 200-day moving average of $71.72. Archer Daniels Midland Company has a 1 year low of $52.23 and a 1 year high of $85.37.
Archer Daniels Midland (NYSE:ADM – Get Free Report) last announced its quarterly earnings results 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 net margin of 1.34% and a return on equity of 7.37%. The business had revenue of $20.49 billion for the quarter, compared to the consensus estimate of $21.35 billion. During the same period last year, the company posted $0.70 EPS. Archer Daniels Midland’s revenue for the quarter was up 1.6% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. On average, equities analysts anticipate that Archer Daniels Midland Company will post 4.71 EPS for the current year.
Archer Daniels Midland Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were issued a $0.52 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $2.08 annualized dividend and a yield of 2.5%. Archer Daniels Midland’s dividend payout ratio (DPR) is 93.27%.
About Archer Daniels Midland
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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