Nomura Asset Management Co. Ltd. lessened its stake in Archer Daniels Midland Company (NYSE:ADM – Free Report) by 12.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 763,864 shares of the company’s stock after selling 109,215 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Archer Daniels Midland were worth $43,915,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC acquired a new position in Archer Daniels Midland in the 3rd quarter valued at about $1,332,000. NEOS Investment Management LLC increased its position in Archer Daniels Midland by 38.1% in the 3rd quarter. NEOS Investment Management LLC now owns 66,313 shares of the company’s stock valued at $3,962,000 after acquiring an additional 18,287 shares during the period. Allianz Asset Management GmbH boosted its holdings in Archer Daniels Midland by 45.8% in the 3rd 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 in the last quarter. Convergence Investment Partners LLC purchased a new stake in Archer Daniels Midland in the 3rd quarter valued at approximately $1,466,000. Finally, Principal Financial Group Inc. boosted its holdings in Archer Daniels Midland by 5.7% in the 3rd quarter. Principal Financial Group Inc. now owns 609,302 shares of the company’s stock valued at $36,400,000 after purchasing an additional 33,129 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.
Insider Activity at Archer Daniels Midland
In other news, SVP Gregory A. Morris sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $68.48, for a total transaction of $3,424,000.00. Following the sale, the senior vice president owned 300,122 shares of the company’s stock, valued at $20,552,354.56. The trade was a 14.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ian R. Pinner sold 34,106 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $71.53, for a total value of $2,439,602.18. Following the sale, the senior vice president directly owned 90,676 shares in the company, valued at $6,486,054.28. This trade represents a 27.33% decrease in their position. The SEC filing for this sale provides additional information. 0.60% of the stock is owned by insiders.
Archer Daniels Midland Price Performance
Archer Daniels Midland (NYSE:ADM – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.66 by $0.05. The business had revenue of $20.49 billion for the quarter, compared to analyst estimates of $21.35 billion. Archer Daniels Midland had a return on equity of 7.37% and a net margin of 1.34%.The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.70 EPS. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. As a group, equities analysts forecast that Archer Daniels Midland Company will post 4.43 earnings per share for the current fiscal year.
Archer Daniels Midland Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders 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 annualized dividend and a dividend yield of 2.6%. Archer Daniels Midland’s payout ratio is 93.27%.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a report on Monday, April 20th. Barclays lifted their price objective on Archer Daniels Midland from $77.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Wall Street Zen raised Archer Daniels Midland from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. UBS Group lifted their price objective on Archer Daniels Midland from $70.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $74.50.
View Our Latest Stock Report on ADM
Archer Daniels Midland 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.
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