Picton Mahoney Asset Management Purchases Shares of 15,249 Archer Daniels Midland Company $ADM

Picton Mahoney Asset Management acquired a new stake in shares of Archer Daniels Midland Company (NYSE:ADM) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 15,249 shares of the company’s stock, valued at approximately $911,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dodge & Cox acquired a new position in shares of Archer Daniels Midland in the second quarter worth about $345,689,000. Norges Bank acquired a new stake in shares of Archer Daniels Midland during the 2nd quarter valued at about $340,247,000. Pacer Advisors Inc. increased its stake in shares of Archer Daniels Midland by 8,609.3% in the 3rd quarter. Pacer Advisors Inc. now owns 4,405,427 shares of the company’s stock valued at $263,180,000 after purchasing an additional 4,354,844 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Archer Daniels Midland by 3.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 18,076,118 shares of the company’s stock valued at $954,058,000 after purchasing an additional 620,794 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Archer Daniels Midland by 193.0% in the third 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 during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Archer Daniels Midland from $60.00 to $61.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 4th. Zacks Research upgraded Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Barclays boosted their price objective on Archer Daniels Midland from $61.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 19th. UBS Group restated a “buy” rating on shares of Archer Daniels Midland in a research report on Monday, December 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $58.00.

Archer Daniels Midland Stock Performance

NYSE:ADM opened at $67.41 on Friday. The company’s 50-day moving average is $65.66 and its two-hundred day moving average is $62.23. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $70.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.37 and a quick ratio of 0.83. The firm has a market capitalization of $32.44 billion, a price-to-earnings ratio of 30.37, a PEG ratio of 0.89 and a beta of 0.68.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.80 by $0.07. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.39%. The firm had revenue of $18.56 billion for the quarter, compared to analyst estimates of $21.03 billion. During the same quarter in the previous year, the company earned $1.14 EPS. 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. Analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be given 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 3.1%. The ex-dividend date is Tuesday, February 17th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 93.69%.

Insider Buying and Selling at Archer Daniels Midland

In related news, Director David R. Mcatee II bought 7,500 shares of the stock in a transaction on Thursday, February 5th. The stock was bought at an average price of $64.90 per share, with a total value of $486,750.00. Following the completion of the purchase, the director directly owned 7,500 shares in the company, valued at $486,750. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jennifer L. Weber sold 25,000 shares of Archer Daniels Midland stock in a transaction dated 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 approximately $8,290,702.72. This represents a 16.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.20% 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.