Levin Capital Strategies L.P. Purchases New Holdings in Archer Daniels Midland Company $ADM

Levin Capital Strategies L.P. purchased a new stake in shares of Archer Daniels Midland Company (NYSE:ADM) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 8,000 shares of the company’s stock, valued at approximately $460,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Archer Daniels Midland by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 59,180,117 shares of the company’s stock valued at $3,402,265,000 after purchasing an additional 536,265 shares during the last quarter. Dodge & Cox grew its stake in Archer Daniels Midland by 130.1% in the 3rd 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 in the last quarter. Dimensional Fund Advisors LP grew its stake in Archer Daniels Midland by 7.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,734,447 shares of the company’s stock worth $223,112,000 after acquiring an additional 253,562 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Archer Daniels Midland by 4.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,921,977 shares of the company’s stock worth $174,559,000 after acquiring an additional 118,699 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Archer Daniels Midland by 1.0% in the 3rd quarter. Legal & General Group Plc now owns 2,634,327 shares of the company’s stock worth $157,375,000 after acquiring an additional 25,882 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Ian R. Pinner sold 34,106 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $71.53, for a total transaction of $2,439,602.18. Following the completion of the sale, the senior vice president owned 90,676 shares of the company’s stock, valued at $6,486,054.28. This represents a 27.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jennifer L. Weber sold 25,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $67.04, for a total transaction of $1,676,000.00. Following the sale, the senior vice president directly owned 123,668 shares of the company’s stock, valued at $8,290,702.72. The trade was a 16.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 109,106 shares of company stock worth $7,539,602. 0.60% of the stock is currently owned by insiders.

Archer Daniels Midland Price Performance

Shares of ADM opened at $74.22 on Thursday. The company has a 50 day moving average price of $69.98 and a 200-day moving average price of $64.66. Archer Daniels Midland Company has a fifty-two week low of $46.81 and a fifty-two week high of $74.89. The stock has a market capitalization of $35.76 billion, a PE ratio of 33.43, a PEG ratio of 0.84 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.37.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.07. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.39%. The firm had revenue of $18.56 billion during the quarter, compared to analysts’ expectations of $21.03 billion. During the same quarter in the prior year, the company earned $1.14 EPS. The company’s revenue was down 13.7% compared to the same quarter last year. Archer Daniels Midland has set its FY 2026 guidance at 3.600-4.250 EPS. Equities analysts predict that Archer Daniels Midland Company will post 4.42 earnings per share for the current fiscal year.

Archer Daniels Midland Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Archer Daniels Midland’s previous quarterly dividend of $0.51. This represents a $2.08 dividend on an annualized basis and a yield of 2.8%. Archer Daniels Midland’s dividend payout ratio is currently 93.69%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Archer Daniels Midland from $61.00 to $65.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 24th. Jefferies Financial Group upped their target price on shares of Archer Daniels Midland from $65.00 to $77.00 and gave the stock a “hold” rating in a research note on Monday, April 6th. Zacks Research upgraded shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 6th. BMO Capital Markets restated a “market perform” rating and issued a $63.00 target price on shares of Archer Daniels Midland in a research note on Wednesday, February 4th. Finally, Barclays upped their target price on shares of Archer Daniels Midland from $68.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Archer Daniels Midland has a consensus rating of “Hold” and an average target price of $63.86.

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.