Swedbank AB boosted its position in Archer Daniels Midland Company (NYSE:ADM – Free Report) by 9.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 399,047 shares of the company’s stock after purchasing an additional 33,647 shares during the quarter. Swedbank AB’s holdings in Archer Daniels Midland were worth $22,941,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brookstone Capital Management raised its position in shares of Archer Daniels Midland by 4.5% during the 4th quarter. Brookstone Capital Management now owns 3,555 shares of the company’s stock worth $204,000 after buying an additional 154 shares in the last quarter. Checchi Capital Advisers LLC raised its position in shares of Archer Daniels Midland by 2.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 6,436 shares of the company’s stock worth $370,000 after buying an additional 161 shares in the last quarter. Tiemann Investment Advisors LLC raised its position in shares of Archer Daniels Midland by 4.5% during the 3rd quarter. Tiemann Investment Advisors LLC now owns 4,085 shares of the company’s stock worth $244,000 after buying an additional 175 shares in the last quarter. Joule Financial LLC raised its position in shares of Archer Daniels Midland by 4.6% during the 4th quarter. Joule Financial LLC now owns 4,318 shares of the company’s stock worth $248,000 after buying an additional 190 shares in the last quarter. Finally, CVA Family Office LLC raised its position in shares of Archer Daniels Midland by 5.5% during the 4th quarter. CVA Family Office LLC now owns 3,731 shares of the company’s stock worth $214,000 after buying an additional 193 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
ADM has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a research report on Saturday. 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 report on Wednesday. Zacks Research upgraded shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Monday, April 20th. Finally, Barclays lifted their price objective on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $74.50.
Archer Daniels Midland Stock Performance
Shares of ADM opened at $77.70 on Friday. The firm’s 50 day moving average is $70.72 and its 200-day moving average is $65.09. The stock has a market capitalization of $37.45 billion, a P/E ratio of 34.84 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 0.83. Archer Daniels Midland Company has a 12-month low of $46.81 and a 12-month high of $81.75.
Archer Daniels Midland (NYSE:ADM – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.05. The company had revenue of $20.49 billion for the quarter, compared to analysts’ expectations of $21.35 billion. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.37%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Equities research analysts anticipate that Archer Daniels Midland Company will post 4.49 EPS for the current fiscal year.
Archer Daniels Midland Announces Dividend
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 paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $2.08 annualized dividend and a dividend yield of 2.7%. Archer Daniels Midland’s payout ratio is currently 93.27%.
Insider Transactions at Archer Daniels Midland
In other news, SVP Jennifer L. Weber sold 25,000 shares of Archer Daniels Midland stock in a transaction that occurred on 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 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. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Ian R. Pinner sold 34,106 shares of Archer Daniels Midland stock in a transaction that occurred on 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 completion of the transaction, the senior vice president directly owned 90,676 shares in the company, valued at approximately $6,486,054.28. This trade represents a 27.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 109,106 shares of company stock valued at $7,539,602 in the last quarter. Insiders own 0.60% of the company’s stock.
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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