Archer Daniels Midland Company $ADM Shares Purchased by Cibc World Market Inc.

Cibc World Market Inc. raised its holdings in Archer Daniels Midland Company (NYSE:ADM) by 229.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,953 shares of the company’s stock after buying an additional 102,333 shares during the period. Cibc World Market Inc.’s holdings in Archer Daniels Midland were worth $8,779,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Rhumbline Advisers lifted its stake in Archer Daniels Midland by 0.3% during the third quarter. Rhumbline Advisers now owns 1,012,693 shares of the company’s stock worth $60,498,000 after purchasing an additional 2,689 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Archer Daniels Midland by 20.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 51,676 shares of the company’s stock valued at $3,108,000 after buying an additional 8,741 shares during the last quarter. Madison Asset Management LLC raised its stake in Archer Daniels Midland by 4.7% during the 3rd quarter. Madison Asset Management LLC now owns 170,500 shares of the company’s stock worth $10,186,000 after acquiring an additional 7,600 shares in the last quarter. Essex Investment Management Co. LLC boosted its stake in Archer Daniels Midland by 1,321.8% in the third quarter. Essex Investment Management Co. LLC now owns 3,725 shares of the company’s stock valued at $223,000 after acquiring an additional 3,463 shares in the last quarter. Finally, Versor Investments LP lifted its holdings in shares of Archer Daniels Midland by 133.4% in the 3rd quarter. Versor Investments LP now owns 10,200 shares of the company’s stock valued at $609,000 after purchasing an additional 5,829 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Up 0.0%

ADM stock opened at $69.52 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 11.20 and a quick ratio of 0.92. The company’s 50 day simple moving average is $62.78 and its 200-day simple moving average is $61.10. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $70.09. The firm has a market capitalization of $33.41 billion, a PE ratio of 31.32, a P/E/G ratio of 0.93 and a beta of 0.71.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, February 3rd. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. The firm had revenue of $18.56 billion for the quarter, compared to analyst estimates of $21.03 billion. Archer Daniels Midland had a return on equity of 7.39% and a net margin of 1.34%.Archer Daniels Midland’s revenue was down 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 EPS. Archer Daniels Midland has set its FY 2026 guidance at 3.600-4.250 EPS. Equities analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be issued a $0.52 dividend. This is a positive change from Archer Daniels Midland’s previous quarterly dividend of $0.51. The ex-dividend date is Tuesday, February 17th. This represents a $2.08 dividend on an annualized basis and a yield of 3.0%. Archer Daniels Midland’s payout ratio is currently 91.89%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on Archer Daniels Midland from $60.00 to $61.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, January 21st. Morgan Stanley downgraded Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $57.00 to $50.00 in a research note on Tuesday, December 16th. BMO Capital Markets reiterated a “market perform” rating and issued a $63.00 price objective on shares of Archer Daniels Midland in a research report on Wednesday, February 4th. Finally, Zacks Research upgraded shares of Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $57.00.

Insider Buying and Selling at Archer Daniels Midland

In other news, Director David R. Mcatee II acquired 7,500 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was acquired at an average price of $64.90 per share, with a total value of $486,750.00. Following the completion of the transaction, the director directly owned 7,500 shares in the company, valued at approximately $486,750. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by corporate 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.