Prudential PLC Raises Position in Archer Daniels Midland Company $ADM

Prudential PLC grew its position in Archer Daniels Midland Company (NYSE:ADM) by 1,432.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 93,380 shares of the company’s stock after buying an additional 87,285 shares during the period. Prudential PLC’s holdings in Archer Daniels Midland were worth $5,368,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Archer Daniels Midland by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 59,180,117 shares of the company’s stock worth $3,402,265,000 after acquiring an additional 536,265 shares during the period. Dodge & Cox grew its stake in shares of Archer Daniels Midland by 130.1% in the third quarter. Dodge & Cox now owns 15,068,544 shares of the company’s stock worth $900,195,000 after acquiring an additional 8,518,920 shares during the period. Geode Capital Management LLC grew its stake in shares of Archer Daniels Midland by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 12,628,065 shares of the company’s stock worth $723,175,000 after acquiring an additional 109,556 shares during the period. Norges Bank bought a new stake in shares of Archer Daniels Midland in the fourth quarter worth approximately $402,743,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Archer Daniels Midland by 3,379.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,761,397 shares of the company’s stock worth $316,525,000 after acquiring an additional 5,595,801 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ADM shares. UBS Group lifted their price target on shares of Archer Daniels Midland from $70.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. lifted their price target on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Monday, April 20th. Wall Street Zen upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Zacks Research upgraded shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $74.50.

Insider Buying and Selling

In other Archer Daniels Midland news, SVP Gregory A. Morris sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $68.48, for a total value of $3,424,000.00. Following the completion of the transaction, the senior vice president directly owned 300,122 shares in the company, valued at $20,552,354.56. This represents a 14.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Ian R. Pinner sold 34,106 shares of the company’s 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 completion of the transaction, the senior vice president owned 90,676 shares of the company’s stock, valued at approximately $6,486,054.28. The trade was a 27.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.60% of the company’s stock.

Archer Daniels Midland Stock Performance

Shares of NYSE ADM opened at $81.18 on Friday. The firm has a 50 day moving average of $75.31 and a 200 day moving average of $68.05. The company has a current ratio of 1.31, a quick ratio of 0.80 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $39.13 billion, a price-to-earnings ratio of 36.40 and a beta of 0.60. Archer Daniels Midland Company has a 12-month low of $47.25 and a 12-month high of $85.37.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.05. The company had revenue of $20.49 billion during the quarter, compared to analyst estimates of $21.35 billion. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.37%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. On average, research analysts anticipate that Archer Daniels Midland Company will post 4.43 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Wednesday, May 20th. Archer Daniels Midland’s dividend payout ratio is presently 93.27%.

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.