Legal & General Group Plc Grows Stock Position in Archer Daniels Midland Company $ADM

Legal & General Group Plc lifted its stake in Archer Daniels Midland Company (NYSE:ADM) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,748,962 shares of the company’s stock after purchasing an additional 114,635 shares during the period. Legal & General Group Plc’s holdings in Archer Daniels Midland were worth $158,038,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ADM. Dodge & Cox boosted its holdings in Archer Daniels Midland by 130.1% in the third quarter. Dodge & Cox now owns 15,068,544 shares of the company’s stock valued at $900,195,000 after purchasing an additional 8,518,920 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Archer Daniels Midland by 3,379.2% in 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 purchasing an additional 5,595,801 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in Archer Daniels Midland by 176.8% in 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 purchasing an additional 1,256,596 shares during the period. Munich Reinsurance Co Stock Corp in Munich purchased a new position in Archer Daniels Midland in the third quarter valued at $61,290,000. Finally, Russell Investments Group Ltd. boosted its holdings in Archer Daniels Midland by 163.5% in the third quarter. Russell Investments Group Ltd. now owns 1,272,875 shares of the company’s stock valued at $76,043,000 after purchasing an additional 789,783 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Ian R. Pinner sold 34,106 shares of the business’s stock in a transaction dated 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. The trade was a 27.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Gregory A. Morris sold 50,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were 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 directly owned 300,122 shares of the company’s stock, valued at $20,552,354.56. The trade was a 14.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is currently owned by insiders.

Archer Daniels Midland Stock Up 2.1%

Shares of NYSE ADM opened at $79.61 on Thursday. The company has a market capitalization of $38.37 billion, a price-to-earnings ratio of 35.70 and a beta of 0.59. 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 business has a 50-day moving average of $73.61 and a two-hundred day moving average of $66.92. 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) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The company had revenue of $20.49 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $0.70 EPS. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. On average, analysts forecast 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. Stockholders of record on Wednesday, May 20th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, May 20th. Archer Daniels Midland’s payout ratio is presently 93.27%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Jefferies Financial Group lifted their target price on 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 lifted 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. Wall Street Zen raised Archer Daniels Midland from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a report on Monday, April 20th. Finally, JPMorgan Chase & Co. lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.50.

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.