VIRGINIA RETIREMENT SYSTEMS ET Al Cuts Stock Position in Archer Daniels Midland Company $ADM

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its holdings in Archer Daniels Midland Company (NYSE:ADM) by 7.2% during the 4th quarter, Holdings Channel reports. The firm owned 410,213 shares of the company’s stock after selling 31,800 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Archer Daniels Midland were worth $23,583,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Toth Financial Advisory Corp purchased a new position in Archer Daniels Midland in the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Archer Daniels Midland by 313.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 509 shares of the company’s stock valued at $30,000 after buying an additional 386 shares during the last quarter. Hager Investment Management Services LLC lifted its position in shares of Archer Daniels Midland by 113.6% during the 3rd quarter. Hager Investment Management Services LLC now owns 534 shares of the company’s stock valued at $32,000 after buying an additional 284 shares during the last quarter. Oakworth Capital Inc. lifted its position in shares of Archer Daniels Midland by 57.0% during the 4th quarter. Oakworth Capital Inc. now owns 628 shares of the company’s stock valued at $36,000 after buying an additional 228 shares during the last quarter. Finally, Quest 10 Wealth Builders Inc. lifted its position in shares of Archer Daniels Midland by 672.9% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 657 shares of the company’s stock valued at $38,000 after buying an additional 572 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ADM. Wall Street Zen raised Archer Daniels Midland from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. upped their price target on Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Jefferies Financial Group upped their price target on Archer Daniels Midland from $65.00 to $77.00 and gave the company a “hold” rating in a research report on Monday, April 6th. Zacks Research raised Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $63.00 price target on shares of Archer Daniels Midland in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $74.50.

Archer Daniels Midland Stock Performance

Shares of ADM opened at $82.90 on Thursday. The stock’s 50-day simple moving average is $71.68 and its 200 day simple moving average is $65.60. The stock has a market capitalization of $39.95 billion, a price-to-earnings ratio of 37.18 and a beta of 0.59. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.80 and a current ratio of 1.31. Archer Daniels Midland Company has a 52-week low of $46.81 and a 52-week high of $83.10.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The business 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 quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 EPS. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Research analysts forecast that Archer Daniels Midland Company will post 4.43 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $2.08 dividend on an annualized basis and a yield of 2.5%. Archer Daniels Midland’s dividend payout ratio is 93.27%.

Insider Buying and Selling

In related news, SVP Gregory A. Morris sold 50,000 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $68.48, for a total transaction of $3,424,000.00. Following the sale, the senior vice president owned 300,122 shares of the company’s stock, valued at approximately $20,552,354.56. This represents a 14.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jennifer L. Weber sold 25,000 shares of the stock in a transaction dated 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 directly owned 123,668 shares in the company, valued at $8,290,702.72. This trade represents a 16.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 109,106 shares of company stock valued at $7,539,602. Corporate insiders own 0.60% of the company’s stock.

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.