11,547 Shares of Archer Daniels Midland Company $ADM Bought by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. bought a new stake in Archer Daniels Midland Company (NYSE:ADM) during the third quarter, HoldingsChannel reports. The firm bought 11,547 shares of the company’s stock, valued at approximately $917,000.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in Archer Daniels Midland during the second quarter valued at approximately $3,409,089,000. Wellington Management Group LLP increased its holdings in shares of Archer Daniels Midland by 2.2% in the 2nd quarter. Wellington Management Group LLP now owns 17,670,220 shares of the company’s stock valued at $1,350,005,000 after acquiring an additional 382,460 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Archer Daniels Midland by 4.1% in the 4th quarter. Pacer Advisors Inc. now owns 4,585,316 shares of the company’s stock valued at $263,610,000 after acquiring an additional 179,889 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Archer Daniels Midland by 4.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,806,192 shares of the company’s stock valued at $276,647,000 after acquiring an additional 163,749 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Archer Daniels Midland by 13.7% during the 1st quarter. Bank of New York Mellon Corp now owns 3,432,651 shares of the company’s stock valued at $249,519,000 after acquiring an additional 414,170 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Down 0.6%

Archer Daniels Midland stock opened at $82.47 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.39. Archer Daniels Midland Company has a one year low of $55.58 and a one year high of $88.75. The company has a 50-day simple moving average of $82.36 and a 200-day simple moving average of $79.21. The firm has a market capitalization of $39.74 billion, a P/E ratio of 19.11, a P/E/G ratio of 2.52 and a beta of 0.64.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.49 by $0.35. The firm had revenue of $22.68 billion for the quarter, compared to analysts’ expectations of $22.75 billion. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm earned $0.93 EPS. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. As a group, equities analysts expect that Archer Daniels Midland Company will post 5.50 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Wednesday, August 19th. Archer Daniels Midland’s dividend payout ratio is 56.99%.

Analyst Ratings Changes

Several brokerages recently issued reports on ADM. Jefferies Financial Group upgraded Archer Daniels Midland to a “hold” rating in a research note on Tuesday, September 29th. Wall Street Zen lowered shares of Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 10th. Weiss Ratings raised shares of Archer Daniels Midland from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Morgan Stanley raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $60.00 to $79.00 in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Archer Daniels Midland from $77.00 to $75.00 and set an “underweight” rating on the stock in a research report on Monday, October 12th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $79.83.

Archer Daniels Midland Company Profile

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company that converts crops and other plant-based materials into food, feed, fuel and industrial ingredients. The company sources, transports, stores and processes commodities such as corn, soybeans, wheat and oilseeds through an extensive network of elevators, processing facilities and transportation assets.

ADM’s businesses include agricultural services and oilseeds, carbohydrate solutions, and nutrition.