Principal Financial Group Inc. Raises Stake in Archer Daniels Midland Company $ADM

Principal Financial Group Inc. raised its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 647,299 shares of the company’s stock after purchasing an additional 37,997 shares during the quarter. Principal Financial Group Inc.’s holdings in Archer Daniels Midland were worth $37,213,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ADM. Toth Financial Advisory Corp purchased a new position in shares of Archer Daniels Midland in the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd increased its holdings in Archer Daniels Midland by 313.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 509 shares of the company’s stock valued at $30,000 after acquiring an additional 386 shares during the last quarter. Hager Investment Management Services LLC increased its holdings in Archer Daniels Midland by 113.6% in the 3rd quarter. Hager Investment Management Services LLC now owns 534 shares of the company’s stock valued at $32,000 after acquiring an additional 284 shares during the last quarter. Oakworth Capital Inc. increased its holdings in Archer Daniels Midland by 57.0% in the 4th quarter. Oakworth Capital Inc. now owns 628 shares of the company’s stock valued at $36,000 after acquiring an additional 228 shares during the last quarter. Finally, Quest 10 Wealth Builders Inc. increased its holdings in Archer Daniels Midland by 672.9% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 657 shares of the company’s stock valued at $38,000 after acquiring an additional 572 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Price Performance

Archer Daniels Midland stock opened at $77.70 on Friday. The company has a market cap of $37.45 billion, a price-to-earnings ratio of 34.84 and a beta of 0.59. The firm’s fifty day moving average is $70.72 and its 200 day moving average is $65.09. The company has a quick ratio of 0.83, 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 $46.81 and a 52-week high of $81.75.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. The company had revenue of $20.49 billion for the quarter, compared to the consensus estimate of $21.35 billion. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.37%. Archer Daniels Midland’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.70 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Sell-side analysts forecast that Archer Daniels Midland Company will post 4.43 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $2.08 dividend on an annualized basis and a yield of 2.7%. Archer Daniels Midland’s dividend payout ratio is presently 93.27%.

Insider Activity at Archer Daniels Midland

In related news, SVP Jennifer L. Weber sold 25,000 shares of the company’s stock in a transaction 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 owned 123,668 shares of the company’s stock, valued at $8,290,702.72. This represents a 16.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Gregory A. Morris sold 50,000 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $68.48, for a total transaction of $3,424,000.00. Following the sale, the senior vice president directly owned 300,122 shares in the company, valued at approximately $20,552,354.56. The trade was a 14.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 109,106 shares of company stock valued at $7,539,602 over the last 90 days. 0.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. UBS Group lifted their price target on shares of Archer Daniels Midland from $70.00 to $90.00 and gave the company a “buy” rating in a report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Monday, April 20th. Morgan Stanley lifted their price target on shares of Archer Daniels Midland from $54.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday. Zacks Research upgraded shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a report on Monday, April 6th. Finally, Jefferies Financial Group lifted their price target on shares of Archer Daniels Midland from $65.00 to $77.00 and gave the company a “hold” rating in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $74.50.

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.