Procyon Advisors LLC Acquires 15,191 Shares of Archer Daniels Midland Company $ADM

Procyon Advisors LLC lifted its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 38.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 54,633 shares of the company’s stock after acquiring an additional 15,191 shares during the period. Procyon Advisors LLC’s holdings in Archer Daniels Midland were worth $3,971,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Woodline Partners LP lifted its holdings in shares of Archer Daniels Midland by 40.8% in the first quarter. Woodline Partners LP now owns 40,429 shares of the company’s stock worth $1,941,000 after acquiring an additional 11,715 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Archer Daniels Midland by 5.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 83,983 shares of the company’s stock valued at $4,433,000 after purchasing an additional 4,224 shares during the last quarter. Sei Investments Co. increased its position in Archer Daniels Midland by 40.0% during the 2nd quarter. Sei Investments Co. now owns 191,633 shares of the company’s stock worth $10,116,000 after purchasing an additional 54,746 shares in the last quarter. Glenview Trust co bought a new position in Archer Daniels Midland in the 2nd quarter valued at approximately $203,000. Finally, Treasurer of the State of North Carolina lifted its stake in Archer Daniels Midland by 2.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 223,280 shares of the company’s stock valued at $11,785,000 after purchasing an additional 5,051 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Stock Performance

NYSE ADM opened at $80.32 on Monday. The company has a market capitalization of $38.71 billion, a price-to-earnings ratio of 36.02 and a beta of 0.62. The company has a quick ratio of 0.80, a current ratio of 1.31 and a debt-to-equity ratio of 0.28. Archer Daniels Midland Company has a twelve month low of $52.23 and a twelve month high of $85.37. The stock has a fifty day simple moving average of $78.75 and a 200 day simple moving average of $71.38.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, May 5th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.66 by $0.05. The firm 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 business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 EPS. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Sell-side analysts expect that Archer Daniels Midland Company will post 4.71 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, May 20th. Archer Daniels Midland’s payout ratio is currently 93.27%.

Analyst Ratings Changes

A number of research firms have weighed in on ADM. Wall Street Zen raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Monday, April 20th. Jefferies Financial Group raised their price objective on Archer Daniels Midland from $65.00 to $77.00 and gave the company a “hold” rating in a report on Monday, April 6th. Zacks Research cut Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Finally, JPMorgan Chase & Co. increased their target price on Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $75.33.

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.