Kingsview Wealth Management LLC Sells 167,208 Shares of Archer Daniels Midland Company $ADM

Kingsview Wealth Management LLC decreased its holdings in Archer Daniels Midland Company (NYSE:ADM) by 88.9% in the third quarter, Holdings Channel reports. The fund owned 20,942 shares of the company’s stock after selling 167,208 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Archer Daniels Midland were worth $1,251,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Dodge & Cox purchased a new stake in Archer Daniels Midland during the second quarter valued at approximately $345,689,000. Norges Bank bought a new position in shares of Archer Daniels Midland during the 2nd quarter valued at approximately $340,247,000. Pacer Advisors Inc. raised its holdings in Archer Daniels Midland by 8,609.3% during the 3rd quarter. Pacer Advisors Inc. now owns 4,405,427 shares of the company’s stock valued at $263,180,000 after buying an additional 4,354,844 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Archer Daniels Midland by 3.6% during the 2nd 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. Finally, Robeco Institutional Asset Management B.V. lifted its position in Archer Daniels Midland by 193.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 557,621 shares of the company’s stock worth $33,312,000 after buying an additional 367,293 shares during the last quarter. 78.28% of the stock is owned by institutional investors.

Archer Daniels Midland Stock Performance

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

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

Archer Daniels Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be issued a $0.52 dividend. The ex-dividend date is Tuesday, February 17th. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.51. This represents a $2.08 annualized dividend and a dividend yield of 3.1%. Archer Daniels Midland’s dividend payout ratio is presently 93.69%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. BMO Capital Markets reiterated a “market perform” rating and set a $63.00 price objective on shares of Archer Daniels Midland in a research report on Wednesday, February 4th. Zacks Research upgraded shares of Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Barclays increased their price objective on shares of Archer Daniels Midland from $61.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 19th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. upped their target price on Archer Daniels Midland from $60.00 to $61.00 and gave the company an “underweight” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $58.00.

Insider Transactions at Archer Daniels Midland

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 value of $1,676,000.00. Following the completion of the sale, the senior vice president directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David R. Mcatee II bought 7,500 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were acquired at an average cost of $64.90 per share, for a total transaction of $486,750.00. Following the transaction, the director directly owned 7,500 shares in the company, valued at approximately $486,750. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. 1.20% of the stock is owned by corporate insiders.

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.