DNB Asset Management AS Boosts Stock Position in Archer Daniels Midland Company $ADM

DNB Asset Management AS increased its position in Archer Daniels Midland Company (NYSE:ADM) by 50.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 181,368 shares of the company’s stock after purchasing an additional 60,454 shares during the period. DNB Asset Management AS’s holdings in Archer Daniels Midland were worth $10,835,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Centennial Wealth Advisory LLC increased its holdings in shares of Archer Daniels Midland by 1.5% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 12,696 shares of the company’s stock worth $758,000 after acquiring an additional 184 shares during the period. Rothschild Investment LLC grew its holdings in Archer Daniels Midland by 9.7% during the second quarter. Rothschild Investment LLC now owns 2,232 shares of the company’s stock worth $118,000 after acquiring an additional 198 shares during the period. Caldwell Trust Co raised its position in Archer Daniels Midland by 44.7% in the third quarter. Caldwell Trust Co now owns 647 shares of the company’s stock worth $39,000 after acquiring an additional 200 shares in the last quarter. Westpac Banking Corp raised its holdings in shares of Archer Daniels Midland by 38.0% in the 2nd quarter. Westpac Banking Corp now owns 733 shares of the company’s stock worth $39,000 after purchasing an additional 202 shares in the last quarter. Finally, Cromwell Holdings LLC lifted its stake in Archer Daniels Midland by 14.9% during the third quarter. Cromwell Holdings LLC now owns 1,665 shares of the company’s stock valued at $99,000 after purchasing an additional 216 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Jennifer L. Weber sold 25,000 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $67.04, for a total transaction of $1,676,000.00. Following the sale, the senior vice president directly owned 123,668 shares of the company’s stock, valued at approximately $8,290,702.72. This represents a 16.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David R. Mcatee II bought 7,500 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was purchased at an average price of $64.90 per share, with a total value of $486,750.00. Following the completion of the transaction, the director directly owned 7,500 shares in the company, valued at approximately $486,750. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

ADM has been the topic of several research analyst reports. Morgan Stanley cut shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $57.00 to $50.00 in a research report on Tuesday, December 16th. BMO Capital Markets reissued a “market perform” rating and set a $63.00 price objective on shares of Archer Daniels Midland in a report on Wednesday, February 4th. Barclays lifted their target price on shares of Archer Daniels Midland from $61.00 to $68.00 and gave the stock an “equal weight” rating in a report on Thursday, February 19th. JPMorgan Chase & Co. upped 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 report on Wednesday, February 4th. Finally, Zacks Research raised shares of Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $58.00.

Archer Daniels Midland Stock Up 2.2%

Archer Daniels Midland stock opened at $68.93 on Friday. The company has a fifty day simple moving average of $64.66 and a 200 day simple moving average of $61.97. The company has a current ratio of 1.37, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $70.09. The company has a market cap of $33.17 billion, a P/E ratio of 31.05, a price-to-earnings-growth ratio of 0.92 and a beta of 0.71.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Tuesday, February 3rd. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.80 by $0.07. The company had revenue of $18.56 billion during the quarter, compared to the consensus estimate of $21.03 billion. Archer Daniels Midland had a return on equity of 7.39% and a net margin of 1.34%.The firm’s revenue for the quarter was down 13.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.14 EPS. Archer Daniels Midland has set its FY 2026 guidance at 3.600-4.250 EPS. Research analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be issued a $0.52 dividend. 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 3.0%. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.51. Archer Daniels Midland’s payout ratio is presently 93.69%.

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.