CIBC Asset Management Inc Has $7.05 Million Stock Holdings in Archer Daniels Midland Company $ADM

CIBC Asset Management Inc increased its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 61.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 122,687 shares of the company’s stock after purchasing an additional 46,568 shares during the period. CIBC Asset Management Inc’s holdings in Archer Daniels Midland were worth $7,053,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ADM. Vanguard Group Inc. increased its stake in Archer Daniels Midland by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 59,180,117 shares of the company’s stock valued at $3,402,265,000 after acquiring an additional 536,265 shares during the period. Dodge & Cox increased its stake in Archer Daniels Midland by 130.1% during the third quarter. Dodge & Cox now owns 15,068,544 shares of the company’s stock valued at $900,195,000 after acquiring an additional 8,518,920 shares during the period. Geode Capital Management LLC increased its stake in Archer Daniels Midland by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 12,628,065 shares of the company’s stock valued at $723,175,000 after acquiring an additional 109,556 shares during the period. Norges Bank bought a new position in Archer Daniels Midland during the fourth quarter valued at about $402,743,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Archer Daniels Midland by 3,379.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,761,397 shares of the company’s stock valued at $316,525,000 after acquiring an additional 5,595,801 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Insider Buying and Selling

In related news, SVP Ian R. Pinner sold 34,106 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $71.53, for a total transaction of $2,439,602.18. Following the sale, the senior vice president directly owned 90,676 shares in the company, valued at $6,486,054.28. This represents a 27.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Gregory A. Morris sold 50,000 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $68.48, for a total value of $3,424,000.00. Following the transaction, the senior vice president directly owned 300,122 shares in the company, valued at approximately $20,552,354.56. This represents a 14.28% decrease in their position. The SEC filing for this sale provides additional information. 0.60% of the stock is owned by corporate insiders.

Archer Daniels Midland Stock Down 2.6%

NYSE ADM opened at $81.18 on Friday. The firm has a market cap of $39.13 billion, a PE ratio of 36.40 and a beta of 0.60. Archer Daniels Midland Company has a one year low of $47.25 and a one year high of $85.37. The stock’s 50 day simple moving average is $75.31 and its 200 day simple moving average is $68.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 0.80.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The business 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%.Archer Daniels Midland’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.70 EPS. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. As a group, sell-side analysts forecast that Archer Daniels Midland Company will post 4.43 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be given a dividend of $0.52 per share. The ex-dividend date is Wednesday, May 20th. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. Archer Daniels Midland’s dividend payout ratio is 93.27%.

Wall Street Analyst Weigh In

ADM has been the topic of several research reports. 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. Morgan Stanley boosted their price target on Archer Daniels Midland from $54.00 to $58.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. boosted their price target on Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Finally, Barclays boosted their price target on Archer Daniels Midland from $77.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Archer Daniels Midland currently has an average rating of “Hold” and a consensus price target of $74.50.

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.