Archer Daniels Midland Company $ADM Shares Purchased by Convergence Investment Partners LLC

Convergence Investment Partners LLC raised its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 142.2% in the fourth quarter, HoldingsChannel reports. The firm owned 59,438 shares of the company’s stock after acquiring an additional 34,893 shares during the period. Convergence Investment Partners LLC’s holdings in Archer Daniels Midland were worth $3,417,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atlantic Union Bankshares Corp boosted its stake in Archer Daniels Midland by 5.1% during the 4th quarter. Atlantic Union Bankshares Corp now owns 3,127 shares of the company’s stock valued at $180,000 after purchasing an additional 153 shares during the period. Brookstone Capital Management boosted its stake in Archer Daniels Midland by 4.5% during the 4th quarter. Brookstone Capital Management now owns 3,555 shares of the company’s stock valued at $204,000 after purchasing an additional 154 shares during the period. Checchi Capital Advisers LLC raised its position in shares of Archer Daniels Midland by 2.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 6,436 shares of the company’s stock worth $370,000 after buying an additional 161 shares in the last quarter. Tiemann Investment Advisors LLC raised its position in shares of Archer Daniels Midland by 4.5% during the 3rd quarter. Tiemann Investment Advisors LLC now owns 4,085 shares of the company’s stock worth $244,000 after buying an additional 175 shares in the last quarter. Finally, Joule Financial LLC raised its position in shares of Archer Daniels Midland by 4.6% during the 4th quarter. Joule Financial LLC now owns 4,318 shares of the company’s stock worth $248,000 after buying an additional 190 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Jennifer L. Weber sold 25,000 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president directly owned 123,668 shares in the company, valued at $8,290,702.72. The trade was a 16.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Gregory A. Morris sold 50,000 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president owned 300,122 shares in the company, valued at $20,552,354.56. The trade was a 14.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 109,106 shares of company stock worth $7,539,602 in the last ninety days. 0.60% of the stock is currently owned by corporate insiders.

Archer Daniels Midland Stock Down 1.3%

NYSE ADM opened at $80.38 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 0.80. The company’s 50 day simple moving average is $72.21 and its 200 day simple moving average is $65.83. Archer Daniels Midland Company has a 12 month low of $46.81 and a 12 month high of $83.10. The company has a market capitalization of $38.74 billion, a P/E ratio of 36.05 and a beta of 0.59.

Archer Daniels Midland (NYSE:ADM) last released its 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. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.37%. The business had revenue of $20.49 billion for the quarter, compared to the consensus estimate of $21.35 billion. During the same period in the previous year, the firm earned $0.70 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Equities research analysts expect that Archer Daniels Midland Company will post 4.43 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be issued 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 is Wednesday, May 20th. Archer Daniels Midland’s payout ratio is presently 93.27%.

Analyst Ratings Changes

A number of analysts have commented on ADM shares. Morgan Stanley boosted their price target on shares of Archer Daniels Midland from $54.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Zacks Research upgraded shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. UBS Group boosted their price target on shares of Archer Daniels Midland from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. boosted their price target on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group boosted their price target on shares of Archer Daniels Midland from $65.00 to $77.00 and gave the stock a “hold” rating in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $74.50.

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.