Fisher Asset Management LLC Boosts Stock Position in Archer Daniels Midland Company $ADM

Fisher Asset Management LLC increased its holdings in Archer Daniels Midland Company (NYSE:ADM) by 385.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,098 shares of the company’s stock after purchasing an additional 13,576 shares during the period. Fisher Asset Management LLC’s holdings in Archer Daniels Midland were worth $983,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. AlphaQuest LLC purchased a new stake in Archer Daniels Midland in the third quarter worth $1,332,000. NEOS Investment Management LLC grew its holdings in shares of Archer Daniels Midland by 38.1% in the third quarter. NEOS Investment Management LLC now owns 66,313 shares of the company’s stock worth $3,962,000 after purchasing an additional 18,287 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Archer Daniels Midland by 45.8% in the third quarter. Allianz Asset Management GmbH now owns 872,406 shares of the company’s stock worth $52,118,000 after purchasing an additional 273,930 shares during the last quarter. Convergence Investment Partners LLC bought a new stake in Archer Daniels Midland during the 3rd quarter valued at about $1,466,000. Finally, Principal Financial Group Inc. lifted its holdings in Archer Daniels Midland by 5.7% during the 3rd quarter. Principal Financial Group Inc. now owns 609,302 shares of the company’s stock valued at $36,400,000 after buying an additional 33,129 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Trading Down 0.3%

Shares of NYSE:ADM opened at $79.80 on Friday. The company has a market capitalization of $38.46 billion, a PE ratio of 35.79 and a beta of 0.59. The company has a current ratio of 1.31, a quick ratio of 0.80 and a debt-to-equity ratio of 0.28. Archer Daniels Midland Company has a 12-month low of $46.81 and a 12-month high of $83.10. The business’s fifty day simple moving average is $73.95 and its 200-day simple moving average is $67.17.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. The company had revenue of $20.49 billion for the quarter, compared to the consensus estimate of $21.35 billion. Archer Daniels Midland had a return on equity of 7.37% and a net margin of 1.34%.The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. As a group, equities research analysts predict that Archer Daniels Midland Company will post 4.43 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Barclays upped their target price on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 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 report on Wednesday, May 6th. Wall Street Zen raised Archer Daniels Midland from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Monday, April 20th. Finally, Jefferies Financial Group upped their target price on Archer Daniels Midland from $65.00 to $77.00 and gave the stock a “hold” rating in a report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Archer Daniels Midland presently has a consensus rating of “Hold” and a consensus target price of $74.50.

Insider Buying and Selling

In other Archer Daniels Midland news, SVP Ian R. Pinner sold 34,106 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $71.53, for a total value of $2,439,602.18. Following the completion of the sale, the senior vice president directly owned 90,676 shares in the company, valued at $6,486,054.28. This trade represents a 27.33% decrease in their ownership of the stock. The sale 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 Archer Daniels Midland stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $68.48, for a total transaction of $3,424,000.00. Following the completion of the transaction, the senior vice president directly owned 300,122 shares in the company, valued at $20,552,354.56. This represents a 14.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.60% of the company’s stock.

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.