62,107 Shares in Archer Daniels Midland Company $ADM Bought by ING Groep NV

ING Groep NV acquired a new position in shares of Archer Daniels Midland Company (NYSE:ADM) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 62,107 shares of the company’s stock, valued at approximately $3,571,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ADM. NEOS Investment Management LLC raised its holdings in shares of Archer Daniels Midland by 38.1% in the third quarter. NEOS Investment Management LLC now owns 66,313 shares of the company’s stock worth $3,962,000 after acquiring an additional 18,287 shares during the last quarter. Norges Bank acquired a new position in shares of Archer Daniels Midland in the fourth quarter worth $402,743,000. Procyon Advisors LLC raised its holdings in shares of Archer Daniels Midland by 174.0% in 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 last quarter. Ontario Teachers Pension Plan Board acquired a new position in shares of Archer Daniels Midland in the third quarter worth $3,615,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of 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 acquiring an additional 373,241 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Archer Daniels Midland

In other news, SVP Ian R. Pinner sold 34,106 shares of Archer Daniels Midland stock in a transaction 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 owned 90,676 shares of the company’s stock, valued at $6,486,054.28. The trade was a 27.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Archer Daniels Midland Price Performance

Shares of NYSE:ADM opened at $80.20 on Tuesday. The company has a market cap of $38.65 billion, a P/E ratio of 35.96 and a beta of 0.60. The company has a quick ratio of 0.80, a current ratio of 1.31 and a debt-to-equity ratio of 0.28. Archer Daniels Midland Company has a 52 week low of $47.42 and a 52 week high of $85.37. The business has a fifty day simple moving average of $75.47 and a 200-day simple moving average of $68.25.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. The business 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%.The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Equities research analysts forecast that Archer Daniels Midland Company will post 4.43 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be given a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.6%. Archer Daniels Midland’s payout ratio is currently 93.27%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a report on Monday, April 20th. Jefferies Financial Group boosted their price target on Archer Daniels Midland from $65.00 to $77.00 and gave the stock a “hold” rating in a report on Monday, April 6th. Wall Street Zen raised Archer Daniels Midland from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Morgan Stanley boosted their price target on Archer Daniels Midland from $54.00 to $58.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. boosted 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 investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Archer Daniels Midland has an average rating of “Hold” and an average price target 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.