CIBC Bancorp USA Inc. Buys New Position in Archer Daniels Midland Company $ADM

CIBC Bancorp USA Inc. purchased a new position in shares of Archer Daniels Midland Company (NYSE:ADM) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 177,512 shares of the company’s stock, valued at approximately $10,605,000.

Several other hedge funds also recently made changes to their positions in the business. Coldstream Capital Management Inc. lifted its position in shares of Archer Daniels Midland by 12.9% in the third quarter. Coldstream Capital Management Inc. now owns 7,366 shares of the company’s stock worth $440,000 after purchasing an additional 842 shares in the last quarter. Danske Bank A S bought a new position in Archer Daniels Midland in the third quarter valued at $512,000. Caitong International Asset Management Co. Ltd grew its position in Archer Daniels Midland by 313.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 509 shares of the company’s stock valued at $30,000 after purchasing an additional 386 shares in the last quarter. Advisory Services Network LLC increased its stake in Archer Daniels Midland by 23.9% in the 3rd quarter. Advisory Services Network LLC now owns 6,587 shares of the company’s stock valued at $393,000 after buying an additional 1,270 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Archer Daniels Midland by 176.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,967,471 shares of the company’s stock worth $117,537,000 after buying an additional 1,256,596 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on ADM. Morgan Stanley downgraded shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $57.00 to $50.00 in a research note on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, January 21st. Barclays increased their price target on Archer Daniels Midland from $61.00 to $68.00 and gave the company an “equal weight” rating in a research report on Thursday, February 19th. Zacks Research raised Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, UBS Group reiterated a “buy” rating on shares of Archer Daniels Midland in a research note on Monday, December 15th. One research 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 data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $58.00.

Insider Buying and Selling at Archer Daniels Midland

In other Archer Daniels Midland news, Director David R. Mcatee II acquired 7,500 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was purchased at an average price of $64.90 per share, with a total value of $486,750.00. Following the acquisition, the director directly owned 7,500 shares of the company’s stock, valued at approximately $486,750. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ian R. Pinner sold 34,106 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $71.53, for a total transaction of $2,439,602.18. Following the transaction, the senior vice president owned 90,676 shares in the company, valued at approximately $6,486,054.28. The trade was a 27.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 109,106 shares of company stock valued at $7,539,602. 1.20% of the stock is currently owned by insiders.

Archer Daniels Midland Price Performance

Shares of NYSE ADM opened at $68.58 on Friday. The firm has a market cap of $33.00 billion, a P/E ratio of 30.89, a price-to-earnings-growth ratio of 0.89 and a beta of 0.68. The business’s 50 day moving average is $67.76 and its 200-day moving average is $62.76. The company has a current ratio of 1.37, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $73.72.

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

Archer Daniels Midland Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were given a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This is a boost from Archer Daniels Midland’s previous quarterly dividend of $0.51. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.0%. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 93.69%.

Archer Daniels Midland 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.