Cibc World Market Inc. Grows Position in Archer Daniels Midland Company $ADM

Cibc World Market Inc. raised its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 229.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 146,953 shares of the company’s stock after purchasing an additional 102,333 shares during the period. Cibc World Market Inc.’s holdings in Archer Daniels Midland were worth $8,779,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in ADM. Robeco Institutional Asset Management B.V. lifted its stake in shares of Archer Daniels Midland by 193.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 557,621 shares of the company’s stock valued at $33,312,000 after purchasing an additional 367,293 shares in the last quarter. AlphaQuest LLC purchased a new stake in Archer Daniels Midland during the 3rd quarter worth $1,332,000. Allstate Corp acquired a new stake in Archer Daniels Midland in the 3rd quarter valued at $1,044,000. Allianz Asset Management GmbH raised its position in Archer Daniels Midland by 45.8% in the third quarter. Allianz Asset Management GmbH now owns 872,406 shares of the company’s stock valued at $52,118,000 after purchasing an additional 273,930 shares during the period. Finally, Convergence Investment Partners LLC acquired a new position in shares of Archer Daniels Midland during the third quarter worth about $1,466,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ADM has been the subject of a number of recent research reports. UBS Group reiterated a “buy” rating on shares of Archer Daniels Midland in a research note on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, January 21st. JPMorgan Chase & Co. upped their price objective on shares of Archer Daniels Midland from $60.00 to $61.00 and gave the company an “underweight” rating in a research report on Wednesday, February 4th. Morgan Stanley lowered Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $57.00 to $50.00 in a research report on Tuesday, December 16th. Finally, Zacks Research upgraded Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $57.00.

Archer Daniels Midland Stock Up 0.0%

ADM stock opened at $69.52 on Friday. Archer Daniels Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $70.09. The company has a quick ratio of 0.92, a current ratio of 11.20 and a debt-to-equity ratio of 0.33. The stock has a market cap of $33.41 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 0.93 and a beta of 0.71. The firm’s 50-day simple moving average is $62.78 and its 200 day simple moving average is $61.10.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. Archer Daniels Midland had a return on equity of 7.39% and a net margin of 1.34%.The company had revenue of $18.56 billion for the quarter, compared to analysts’ expectations of $21.03 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The business’s revenue for the quarter was down 13.7% compared to the same quarter last year. Archer Daniels Midland has set its FY 2026 guidance at 3.600-4.250 EPS. As a group, sell-side analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, February 17th. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.51. Archer Daniels Midland’s dividend payout ratio is 91.89%.

Insiders Place Their Bets

In other news, Director David R. Mcatee II bought 7,500 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were purchased at an average cost of $64.90 per share, with a total value of $486,750.00. Following the completion of the acquisition, the director directly owned 7,500 shares in the company, valued at approximately $486,750. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

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.