Jefferies Financial Group Inc. acquired a new position in shares of Archer Daniels Midland Company (NYSE:ADM – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 77,143 shares of the company’s stock, valued at approximately $4,435,000.
A number of other hedge funds have also modified their holdings of ADM. Toth Financial Advisory Corp purchased a new position in shares of Archer Daniels Midland during the 4th quarter worth $25,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Archer Daniels Midland by 313.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 509 shares of the company’s stock worth $30,000 after purchasing an additional 386 shares during the period. Elyxium Wealth LLC purchased a new position in shares of Archer Daniels Midland during the 4th quarter worth $31,000. Hager Investment Management Services LLC grew its holdings in shares of Archer Daniels Midland by 113.6% during the 3rd quarter. Hager Investment Management Services LLC now owns 534 shares of the company’s stock worth $32,000 after purchasing an additional 284 shares during the period. Finally, Entrust Financial LLC purchased a new position in shares of Archer Daniels Midland during the 4th quarter worth $35,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
ADM has been the topic of several research reports. Zacks Research raised Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 6th. Morgan Stanley increased their target price on Archer Daniels Midland from $54.00 to $58.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. BMO Capital Markets reissued a “market perform” rating and set a $63.00 target price on shares of Archer Daniels Midland in a research note on Wednesday, February 4th. UBS Group increased their target price on Archer Daniels Midland from $70.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Jefferies Financial Group increased their target price on Archer Daniels Midland from $65.00 to $77.00 and gave the stock a “hold” rating in a research note on Monday, April 6th. One equities research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $74.50.
Insider Buying and Selling at Archer Daniels Midland
In other news, SVP Ian R. Pinner sold 34,106 shares of the business’s stock in a transaction 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 directly owned 90,676 shares of the company’s stock, valued at $6,486,054.28. The trade was a 27.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Gregory A. Morris sold 50,000 shares of Archer Daniels Midland 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 directly owned 300,122 shares of the company’s stock, valued at approximately $20,552,354.56. This represents a 14.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.60% of the company’s stock.
Archer Daniels Midland Trading Down 0.0%
NYSE:ADM opened at $77.52 on Tuesday. The stock’s 50 day moving average price is $73.31 and its 200 day moving average price is $66.60. The company has a market capitalization of $37.36 billion, a PE ratio of 34.76 and a beta of 0.59. 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 52-week low of $46.81 and a 52-week high of $83.10.
Archer Daniels Midland (NYSE:ADM – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.05. Archer Daniels Midland had a return on equity of 7.37% and a net margin of 1.34%.The company had revenue of $20.49 billion for the quarter, compared to the consensus estimate of $21.35 billion. During the same period last year, the business posted $0.70 EPS. The company’s revenue was up 1.6% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. On average, research analysts anticipate that Archer Daniels Midland Company will post 4.43 EPS for the current year.
Archer Daniels Midland Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be issued 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 yield of 2.7%. Archer Daniels Midland’s payout ratio is currently 93.27%.
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.
See Also
- Five stocks we like better than Archer Daniels Midland
- SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns
- Microsoft Stock Discount May Be Ending as AI Catalysts Build
- Apparel Earnings Winners and Losers: Ralph Lauren Takes Off
- Why Walmart, Target and TJX Got Such Different Reactions After Earnings
Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer Daniels Midland Company (NYSE:ADM – Free Report).
Receive News & Ratings for Archer Daniels Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer Daniels Midland and related companies with MarketBeat.com's FREE daily email newsletter.
