Gregory Morris Sells 50,000 Shares of Archer Daniels Midland (NYSE:ADM) Stock

Archer Daniels Midland Company (NYSE:ADM) SVP Gregory Morris sold 50,000 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $68.48, for a total value of $3,424,000.00. Following the completion of the sale, the senior vice president owned 300,122 shares in the company, valued at approximately $20,552,354.56. The trade was a 14.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Archer Daniels Midland Stock Up 2.5%

NYSE:ADM traded up $1.75 during midday trading on Thursday, reaching $72.58. The company had a trading volume of 4,063,444 shares, compared to its average volume of 3,785,975. The stock’s fifty day simple moving average is $66.35 and its 200-day simple moving average is $62.41. The company has a current ratio of 1.37, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $73.72. The firm has a market capitalization of $34.92 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 0.93 and a beta of 0.68.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.87 earnings per share (EPS) 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 analyst estimates of $21.03 billion. During the same quarter last year, the company earned $1.14 EPS. Archer Daniels Midland’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. On average, sell-side analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were paid a $0.52 dividend. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.51. This represents a $2.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Tuesday, February 17th. Archer Daniels Midland’s payout ratio is presently 93.69%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. UBS Group restated a “buy” rating on shares of Archer Daniels Midland in a report on Monday, December 15th. Zacks Research raised Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. BMO Capital Markets restated a “market perform” rating and issued a $63.00 price target on shares of Archer Daniels Midland in a research note on Wednesday, February 4th. Morgan Stanley cut Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $57.00 to $50.00 in a research report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. increased their price objective on Archer Daniels Midland from $60.00 to $61.00 and gave the company an “underweight” rating in a report on Wednesday, February 4th. One research 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $58.00.

Institutional Trading of Archer Daniels Midland

Several institutional investors and hedge funds have recently made changes to their positions in the company. Toth Financial Advisory Corp acquired a new stake in shares of Archer Daniels Midland in the 4th quarter valued at about $25,000. Motiv8 Investments LLC acquired a new position in Archer Daniels Midland during the fourth quarter worth approximately $26,000. Sankala Group LLC purchased a new stake in Archer Daniels Midland in the fourth quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Archer Daniels Midland in the fourth quarter valued at approximately $29,000. Finally, Trust Co. of Vermont grew its position in shares of Archer Daniels Midland by 367.0% during the third quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares during the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

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.