Archer Daniels Midland Company $ADM Shares Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 73.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 519,997 shares of the company’s stock after buying an additional 219,977 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Archer Daniels Midland were worth $29,895,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of ADM. NEOS Investment Management LLC boosted its holdings in Archer Daniels Midland by 38.1% in the 3rd quarter. NEOS Investment Management LLC now owns 66,313 shares of the company’s stock worth $3,962,000 after buying an additional 18,287 shares during the last quarter. Norges Bank purchased a new stake in Archer Daniels Midland during the 4th quarter worth approximately $402,743,000. Procyon Advisors LLC increased its stake in Archer Daniels Midland by 174.0% during the 4th quarter. Procyon Advisors LLC now owns 39,442 shares of the company’s stock worth $2,268,000 after buying an additional 25,048 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in Archer Daniels Midland during the 3rd quarter worth approximately $3,615,000. Finally, Assenagon Asset Management S.A. increased its stake in Archer Daniels Midland by 1,542.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 397,444 shares of the company’s stock worth $22,849,000 after buying an additional 373,241 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADM has been the subject of several research reports. Jefferies Financial Group boosted their price objective on Archer Daniels Midland from $65.00 to $77.00 and gave the stock a “hold” rating in a research note on Monday, April 6th. UBS Group boosted their price objective on Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday. Wall Street Zen upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Archer Daniels Midland currently has an average rating of “Hold” and an average price target of $75.33.

Archer Daniels Midland Stock Down 1.4%

ADM stock opened at $79.14 on Tuesday. The firm has a market cap of $38.14 billion, a PE ratio of 35.49 and a beta of 0.60. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.80 and a current ratio of 1.31. The firm’s 50 day moving average price is $76.21 and its 200-day moving average price is $69.00. Archer Daniels Midland Company has a one year low of $51.34 and a one year 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 analysts’ consensus estimates of $0.66 by $0.05. The company had revenue of $20.49 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.70 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. On average, equities research analysts anticipate that Archer Daniels Midland Company will post 4.43 EPS for the current year.

Archer Daniels Midland Announces Dividend

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

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.