Louisiana State Employees Retirement System Takes Position in Archer Daniels Midland Company $ADM

Louisiana State Employees Retirement System acquired a new stake in shares of Archer Daniels Midland Company (NYSE:ADM) in the first quarter, HoldingsChannel reports. The fund acquired 24,500 shares of the company’s stock, valued at approximately $1,781,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Toth Financial Advisory Corp bought a new position in Archer Daniels Midland in the fourth quarter worth about $25,000. Motiv8 Investments LLC bought a new position in shares of Archer Daniels Midland during the fourth quarter valued at approximately $26,000. Sankala Group LLC acquired a new stake in shares of Archer Daniels Midland during the 4th quarter worth approximately $28,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Archer Daniels Midland in the 4th quarter worth approximately $29,000. Finally, OP Asset Management Ltd bought a new stake in shares of Archer Daniels Midland in the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Ratings Changes

ADM has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their price objective on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Zacks Research downgraded shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. UBS Group upped their price target on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a report on Monday, April 20th. Finally, Barclays boosted their target price on shares of 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. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $75.33.

Archer Daniels Midland Price Performance

NYSE ADM opened at $76.39 on Wednesday. The firm has a market capitalization of $36.82 billion, a PE ratio of 34.26 and a beta of 0.60. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 0.80. Archer Daniels Midland Company has a 12 month low of $52.23 and a 12 month high of $85.37. The company’s 50 day simple moving average is $77.53 and its 200 day simple moving average is $70.29.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.05. The company had revenue of $20.49 billion for the quarter, compared to analysts’ expectations of $21.35 billion. Archer Daniels Midland had a return on equity of 7.37% and a net margin of 1.34%.The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.70 EPS. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. As a group, equities research analysts forecast that Archer Daniels Midland Company will post 4.47 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. Archer Daniels Midland’s payout ratio is 93.27%.

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.