AIA Group Ltd Purchases 20,530 Shares of Archer Daniels Midland Company $ADM

AIA Group Ltd increased its position in shares of Archer Daniels Midland Company (NYSE:ADMFree Report) by 60.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,427 shares of the company’s stock after purchasing an additional 20,530 shares during the period. AIA Group Ltd’s holdings in Archer Daniels Midland were worth $3,251,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Tiemann Investment Advisors LLC increased its stake in Archer Daniels Midland by 4.5% in the third quarter. Tiemann Investment Advisors LLC now owns 4,085 shares of the company’s stock valued at $244,000 after acquiring an additional 175 shares during the period. Centennial Wealth Advisory LLC grew its stake in shares of Archer Daniels Midland by 1.5% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 12,696 shares of the company’s stock valued at $758,000 after purchasing an additional 184 shares during the period. Rothschild Investment LLC raised its holdings in shares of Archer Daniels Midland by 9.7% in the 2nd quarter. Rothschild Investment LLC now owns 2,232 shares of the company’s stock worth $118,000 after buying an additional 198 shares in the last quarter. United Capital Financial Advisors LLC raised its holdings in shares of Archer Daniels Midland by 1.6% in the 3rd quarter. United Capital Financial Advisors LLC now owns 12,897 shares of the company’s stock worth $770,000 after buying an additional 198 shares in the last quarter. Finally, Caldwell Trust Co lifted its position in shares of Archer Daniels Midland by 44.7% during the 3rd quarter. Caldwell Trust Co now owns 647 shares of the company’s stock worth $39,000 after buying an additional 200 shares during the period. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on ADM. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, January 21st. UBS Group restated a “buy” rating on shares of Archer Daniels Midland in a research note on Monday, December 15th. JPMorgan Chase & Co. upped their target price on shares of Archer Daniels Midland from $60.00 to $61.00 and gave the stock an “underweight” rating in a report on Wednesday, February 4th. 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. Finally, BMO Capital Markets restated a “market perform” rating and issued a $63.00 price target on shares of Archer Daniels Midland in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Archer Daniels Midland currently has a consensus rating of “Reduce” and a consensus price target of $58.00.

Read Our Latest Research Report on ADM

Archer Daniels Midland Stock Performance

Shares of NYSE:ADM opened at $68.58 on Friday. The business has a fifty day moving average of $67.76 and a 200-day moving average of $62.76. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.37. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $73.72. The firm has a market cap of $33.00 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 0.89 and a beta of 0.68.

Archer Daniels Midland (NYSE:ADMGet Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.07. The business had revenue of $18.56 billion for the quarter, compared to the consensus estimate of $21.03 billion. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.39%. The firm’s quarterly 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. On average, equities research analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Tuesday, February 17th. This is a positive change from Archer Daniels Midland’s previous quarterly dividend of $0.51. Archer Daniels Midland’s dividend payout ratio is 93.69%.

Insider Transactions at Archer Daniels Midland

In other news, SVP Ian R. Pinner sold 34,106 shares of Archer Daniels Midland 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 sale, the senior vice president directly owned 90,676 shares of the company’s stock, valued at approximately $6,486,054.28. This trade represents a 27.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jennifer L. Weber sold 25,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $67.04, for a total value 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. The trade was a 16.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 109,106 shares of company stock valued at $7,539,602 over the last 90 days. 1.20% of the stock is currently owned by corporate insiders.

Archer Daniels Midland Profile

(Free Report)

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

Institutional Ownership by Quarter for Archer Daniels Midland (NYSE:ADM)

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