Archer Daniels Midland Company $ADM Holdings Lowered by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS reduced its holdings in Archer Daniels Midland Company (NYSE:ADM) by 22.7% in the 4th quarter, Holdings Channel reports. The fund owned 372,238 shares of the company’s stock after selling 109,100 shares during the period. KLP Kapitalforvaltning AS’s holdings in Archer Daniels Midland were worth $21,400,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Dodge & Cox lifted 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. Pacer Advisors Inc. lifted its stake in Archer Daniels Midland by 8,609.3% in the 3rd quarter. Pacer Advisors Inc. now owns 4,405,427 shares of the company’s stock worth $263,180,000 after acquiring an additional 4,354,844 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 lifted 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 lifted 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 owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ADM. JPMorgan Chase & Co. increased their price objective on Archer Daniels Midland from $61.00 to $65.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 24th. Barclays raised their price target on 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. Jefferies Financial Group raised their price target on 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 raised Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 6th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $63.00 price target on shares of Archer Daniels Midland in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $63.86.

Archer Daniels Midland Stock Down 0.7%

ADM opened at $69.37 on Thursday. Archer Daniels Midland Company has a fifty-two week low of $46.81 and a fifty-two week high of $74.19. The business has a 50-day moving average of $69.73 and a 200-day moving average of $64.33. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.37 and a quick ratio of 0.83. The company has a market capitalization of $33.43 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 0.86 and a beta of 0.65.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. The company had revenue of $18.56 billion during the quarter, compared to the consensus estimate of $21.03 billion. Archer Daniels Midland had a return on equity of 7.39% and a net margin of 1.34%.The business’s quarterly revenue was down 13.7% on a year-over-year basis. During the same period last year, the business earned $1.14 EPS. Archer Daniels Midland has set its FY 2026 guidance at 3.600-4.250 EPS. Equities research analysts forecast that Archer Daniels Midland Company will post 4.32 EPS for the current fiscal year.

Archer Daniels Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.0%. This is a positive change from Archer Daniels Midland’s previous quarterly dividend of $0.51. Archer Daniels Midland’s payout ratio is currently 93.69%.

Insider Buying and Selling

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

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.