Korea Investment CORP Purchases 272,100 Shares of Archer Daniels Midland Company $ADM

Korea Investment CORP raised its position in Archer Daniels Midland Company (NYSE:ADM) by 115.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 507,131 shares of the company’s stock after purchasing an additional 272,100 shares during the quarter. Korea Investment CORP’s holdings in Archer Daniels Midland were worth $30,296,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. State Street Corp boosted its position in shares of Archer Daniels Midland by 0.7% during the second quarter. State Street Corp now owns 34,617,404 shares of the company’s stock worth $1,827,107,000 after buying an additional 223,716 shares during the period. Charles Schwab Investment Management Inc. raised its position in Archer Daniels Midland by 3.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 18,076,118 shares of the company’s stock valued at $954,058,000 after buying an additional 620,794 shares during the last quarter. Geode Capital Management LLC lifted its stake in Archer Daniels Midland by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 12,457,546 shares of the company’s stock valued at $654,772,000 after acquiring an additional 283,207 shares in the last quarter. Dodge & Cox acquired a new position in Archer Daniels Midland during the 2nd quarter worth approximately $345,689,000. Finally, Norges Bank acquired a new position in Archer Daniels Midland during the 2nd quarter worth approximately $340,247,000. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Trading Up 0.7%

NYSE ADM opened at $67.90 on Tuesday. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $70.48. The company has a current ratio of 1.37, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average of $65.86 and a 200-day moving average of $62.31. The company has a market cap of $32.67 billion, a PE ratio of 30.59, a PEG ratio of 0.90 and a beta of 0.68.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Tuesday, February 3rd. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.39%. The business had revenue of $18.56 billion for the quarter, compared to the consensus estimate of $21.03 billion. During the same period in the previous year, the company earned $1.14 earnings per share. The firm’s revenue for the quarter 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. On average, equities research analysts anticipate 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 will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be paid a dividend of $0.52 per share. The ex-dividend date is Tuesday, February 17th. This represents a $2.08 annualized dividend and a dividend yield of 3.1%. This is a boost from Archer Daniels Midland’s previous quarterly dividend of $0.51. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 93.69%.

Insider Transactions at Archer Daniels Midland

In related news, SVP Jennifer L. Weber sold 25,000 shares of Archer Daniels Midland stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $67.04, for a total transaction of $1,676,000.00. Following the completion of the transaction, the senior vice president owned 123,668 shares in the company, valued at approximately $8,290,702.72. This trade represents a 16.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David R. Mcatee II purchased 7,500 shares of the stock in a transaction on Thursday, February 5th. The shares were acquired at an average cost of $64.90 per share, for a total transaction of $486,750.00. Following the transaction, the director owned 7,500 shares of the company’s stock, valued at approximately $486,750. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ADM. UBS Group reiterated a “buy” rating on shares of Archer Daniels Midland in a report on Monday, December 15th. Barclays increased their target price on shares of Archer Daniels Midland from $61.00 to $68.00 and gave the stock an “equal weight” rating in a report on Thursday, February 19th. Morgan Stanley lowered shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $57.00 to $50.00 in a research note on Tuesday, December 16th. JPMorgan Chase & Co. boosted their price target on shares of Archer Daniels Midland from $60.00 to $61.00 and gave the stock an “underweight” rating 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 note on Friday, January 23rd. One analyst has rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Archer Daniels Midland currently has an average rating of “Reduce” and a consensus price target of $58.00.

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.