Archer Daniels Midland (NYSE:ADM) SVP Sells $3,424,000.00 in Stock

Archer Daniels Midland Company (NYSE:ADM) SVP Gregory 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 completion of the sale, the senior vice president owned 300,122 shares of the company’s stock, valued at $20,552,354.56. This represents a 14.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Archer Daniels Midland Stock Up 2.5%

Shares of NYSE ADM traded up $1.75 during mid-day trading on Thursday, reaching $72.58. 4,063,444 shares of the company were exchanged, compared to its average volume of 3,785,975. The firm has a 50-day moving average of $66.35 and a 200 day moving average of $62.41. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $73.72. The company has a quick ratio of 0.83, a current ratio of 1.37 and a debt-to-equity ratio of 0.29. The stock has a market cap of $34.92 billion, a price-to-earnings ratio of 32.69, a P/E/G ratio of 0.93 and a beta of 0.68.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.80 by $0.07. Archer Daniels Midland had a return on equity of 7.39% and a net margin of 1.34%.The firm had revenue of $18.56 billion during 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 for the quarter 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. On average, research analysts expect 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 was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.9%. This is a boost from Archer Daniels Midland’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Tuesday, February 17th. Archer Daniels Midland’s dividend payout ratio is presently 93.69%.

Analysts Set New Price Targets

Several research firms have recently commented on ADM. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, January 21st. BMO Capital Markets reissued a “market perform” rating and set a $63.00 price target on shares of Archer Daniels Midland in a report on Wednesday, February 4th. Morgan Stanley lowered shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $57.00 to $50.00 in a research report on Tuesday, December 16th. Barclays upped 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. Finally, JPMorgan Chase & Co. raised their target price on Archer Daniels Midland from $60.00 to $61.00 and gave the company an “underweight” rating in a research report on Wednesday, February 4th. One 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $58.00.

Institutional Trading of Archer Daniels Midland

A number of institutional investors have recently made changes to their positions in ADM. Toth Financial Advisory Corp purchased a new stake in Archer Daniels Midland during the 4th quarter valued at about $25,000. Motiv8 Investments LLC purchased a new stake in shares of Archer Daniels Midland in the fourth quarter valued at approximately $26,000. Sankala Group LLC purchased a new stake in shares of Archer Daniels Midland in the fourth quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Archer Daniels Midland in the fourth quarter valued at approximately $29,000. Finally, Trust Co. of Vermont lifted its position in Archer Daniels Midland by 367.0% during the third quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock worth $30,000 after buying an additional 400 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

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.