Twin Capital Management Inc. reduced its position in shares of Archer Daniels Midland Company (NYSE:ADM – Free Report) by 39.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 25,421 shares of the company’s stock after selling 16,388 shares during the period. Twin Capital Management Inc.’s holdings in Archer Daniels Midland were worth $1,519,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of ADM. Trust Co. of Vermont increased its holdings in Archer Daniels Midland by 367.0% during the 3rd quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in Archer Daniels Midland during the 2nd quarter worth about $32,000. Elevation Point Wealth Partners LLC acquired a new stake in Archer Daniels Midland in the 2nd quarter valued at about $36,000. Evelyn Partners Investment Management Services Ltd acquired a new position in shares of Archer Daniels Midland during the second quarter worth approximately $37,000. Finally, Vermillion & White Wealth Management Group LLC grew its stake in shares of Archer Daniels Midland by 61.2% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 698 shares of the company’s stock valued at $37,000 after purchasing an additional 265 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have commented on ADM shares. BMO Capital Markets reiterated a “market perform” rating and issued a $63.00 price objective on shares of Archer Daniels Midland in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Archer Daniels Midland from $60.00 to $61.00 and gave the company an “underweight” rating in a research note on Wednesday. Morgan Stanley downgraded Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $57.00 to $50.00 in a research note on Tuesday, December 16th. Zacks Research raised Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, UBS Group reissued a “buy” rating on shares of Archer Daniels Midland in a research note on Monday, December 15th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Archer Daniels Midland has a consensus rating of “Reduce” and a consensus target price of $57.00.
Archer Daniels Midland Stock Up 1.4%
Shares of ADM stock opened at $66.35 on Friday. The company has a market capitalization of $31.89 billion, a price-to-earnings ratio of 29.89, a P/E/G ratio of 0.88 and a beta of 0.71. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $69.75. The firm has a fifty day moving average of $61.88 and a 200-day moving average of $60.68. The company has a quick ratio of 0.92, a current ratio of 11.20 and a debt-to-equity ratio of 0.33.
Archer Daniels Midland (NYSE:ADM – Get Free Report) last announced 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. The firm had revenue of $18.56 billion during the quarter, compared to analyst estimates of $21.03 billion. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.39%. The company’s revenue for the quarter was down 13.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 EPS. Archer Daniels Midland has set its FY 2026 guidance at 3.600-4.250 EPS. As a group, equities research analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.
Archer Daniels Midland Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.52 per share. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.08 dividend on an annualized basis and a yield of 3.1%. Archer Daniels Midland’s payout ratio is currently 91.89%.
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.
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