Resona Asset Management Co. Ltd. Cuts Position in Archer Daniels Midland Company $ADM

Resona Asset Management Co. Ltd. trimmed its position in Archer Daniels Midland Company (NYSE:ADM) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 171,898 shares of the company’s stock after selling 11,992 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Archer Daniels Midland were worth $9,923,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Archer Daniels Midland by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 59,180,117 shares of the company’s stock valued at $3,402,265,000 after buying an additional 536,265 shares during the period. Dodge & Cox raised its holdings in shares of Archer Daniels Midland by 130.1% during the 3rd quarter. Dodge & Cox now owns 15,068,544 shares of the company’s stock valued at $900,195,000 after buying an additional 8,518,920 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Archer Daniels Midland by 3,379.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,761,397 shares of the company’s stock valued at $316,525,000 after buying an additional 5,595,801 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Archer Daniels Midland by 7.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,734,447 shares of the company’s stock valued at $223,112,000 after buying an additional 253,562 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Archer Daniels Midland by 4.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,921,977 shares of the company’s stock valued at $174,559,000 after buying an additional 118,699 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ADM has been the topic of several analyst reports. Jefferies Financial Group raised their target price on Archer Daniels Midland from $65.00 to $77.00 and gave the company a “hold” rating in a report on Monday, April 6th. Wall Street Zen upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. BMO Capital Markets reiterated a “market perform” rating and set a $63.00 target price on shares of Archer Daniels Midland in a report on Wednesday, February 4th. Barclays raised their price objective on Archer Daniels Midland from $77.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $74.50.

Archer Daniels Midland Price Performance

Shares of NYSE ADM opened at $77.18 on Friday. The firm has a market cap of $37.20 billion, a PE ratio of 34.61 and a beta of 0.59. The business has a 50 day moving average price of $73.08 and a two-hundred day moving average price of $66.36. The company has a quick ratio of 0.80, a current ratio of 1.31 and a debt-to-equity ratio of 0.28. Archer Daniels Midland Company has a fifty-two week low of $46.81 and a fifty-two week high of $83.10.

Archer Daniels Midland (NYSE:ADM) last issued its 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 business had revenue of $20.49 billion for the quarter, compared to analyst estimates of $21.35 billion. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.37%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.70 EPS. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be given a $0.52 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $2.08 annualized dividend and a dividend yield of 2.7%. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 93.27%.

Insider Activity at Archer Daniels Midland

In other news, SVP Gregory A. Morris sold 50,000 shares of Archer Daniels Midland stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $68.48, for a total value of $3,424,000.00. Following the completion of the transaction, the senior vice president owned 300,122 shares in the company, valued at approximately $20,552,354.56. This trade represents a 14.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ian R. Pinner sold 34,106 shares of Archer Daniels Midland 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 completion of the transaction, the senior vice president owned 90,676 shares of the company’s stock, valued at approximately $6,486,054.28. The trade was a 27.33% decrease in their position. The SEC filing for this sale provides additional information. 0.60% of the stock is currently owned by company 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.