JT Stratford LLC Makes New Investment in Archer Daniels Midland Company $ADM

JT Stratford LLC purchased a new position in shares of Archer Daniels Midland Company (NYSE:ADM) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 16,158 shares of the company’s stock, valued at approximately $965,000.

Several other institutional investors also recently modified their holdings of ADM. State Street Corp lifted its stake in Archer Daniels Midland by 0.7% in the 2nd quarter. State Street Corp now owns 34,617,404 shares of the company’s stock valued at $1,827,107,000 after purchasing an additional 223,716 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Archer Daniels Midland by 3.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 18,076,118 shares of the company’s stock valued at $954,058,000 after buying an additional 620,794 shares during the period. Geode Capital Management LLC lifted its position in shares of Archer Daniels Midland by 2.3% in the second quarter. Geode Capital Management LLC now owns 12,457,546 shares of the company’s stock valued at $654,772,000 after buying an additional 283,207 shares during the last quarter. Dodge & Cox bought a new position in shares of Archer Daniels Midland during the 2nd quarter worth approximately $345,689,000. Finally, Norges Bank acquired a new position in shares of Archer Daniels Midland during the 2nd quarter worth approximately $340,247,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Price Performance

NYSE:ADM opened at $66.56 on Friday. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $70.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.37. The firm’s 50-day simple moving average is $65.47 and its 200 day simple moving average is $62.18. The firm has a market cap of $32.03 billion, a price-to-earnings ratio of 29.98, a P/E/G ratio of 0.90 and a beta of 0.68.

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

Archer Daniels Midland Increases Dividend

The business 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 annualized dividend and a yield of 3.1%. This is a boost from Archer Daniels Midland’s previous quarterly dividend of $0.51. Archer Daniels Midland’s payout ratio is presently 93.69%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. UBS Group reaffirmed a “buy” rating on shares of Archer Daniels Midland in a report on Monday, December 15th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, January 21st. Morgan Stanley lowered shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $57.00 to $50.00 in a research note on Tuesday, December 16th. BMO Capital Markets reissued a “market perform” rating and issued a $63.00 price target on shares of Archer Daniels Midland in a report on Wednesday, February 4th. Finally, Barclays boosted their price objective on Archer Daniels Midland from $61.00 to $68.00 and gave the stock an “equal weight” rating in a report on Thursday, February 19th. One equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $58.00.

Insiders Place Their Bets

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

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.