North Dakota State Investment Board Takes Position in Archer Daniels Midland Company $ADM

North Dakota State Investment Board purchased a new stake in shares of Archer Daniels Midland Company (NYSE:ADM) in the 4th quarter, Holdings Channel reports. The fund purchased 28,426 shares of the company’s stock, valued at approximately $1,634,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Toth Financial Advisory Corp purchased a new stake in shares of Archer Daniels Midland during the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd increased its position in shares of Archer Daniels Midland by 313.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 509 shares of the company’s stock valued at $30,000 after purchasing an additional 386 shares during the last quarter. Hager Investment Management Services LLC increased its position in shares of Archer Daniels Midland by 113.6% during the 3rd quarter. Hager Investment Management Services LLC now owns 534 shares of the company’s stock valued at $32,000 after purchasing an additional 284 shares during the last quarter. Elyxium Wealth LLC bought a new position in shares of Archer Daniels Midland during the 4th quarter valued at approximately $31,000. Finally, Oakworth Capital Inc. grew its stake in shares of Archer Daniels Midland by 57.0% during the 4th quarter. Oakworth Capital Inc. now owns 628 shares of the company’s stock valued at $36,000 after acquiring an additional 228 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Insider Buying and Selling

In other news, SVP Gregory A. Morris sold 50,000 shares of the 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 transaction, the senior vice president directly owned 300,122 shares in the company, valued at approximately $20,552,354.56. This represents a 14.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ian R. Pinner sold 34,106 shares of the stock in a transaction 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 sale, the senior vice president owned 90,676 shares in the company, valued at $6,486,054.28. The trade was a 27.33% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ADM shares. Wall Street Zen upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 6th. UBS Group boosted their price objective on Archer Daniels Midland from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. BMO Capital Markets reiterated a “market perform” rating and set a $63.00 price objective on shares of Archer Daniels Midland in a research note on Wednesday, February 4th. Finally, Jefferies Financial Group boosted their price objective on Archer Daniels Midland from $65.00 to $77.00 and gave the company a “hold” rating in a research note on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $74.50.

Archer Daniels Midland Stock Down 2.1%

NYSE ADM opened at $79.23 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.80 and a current ratio of 1.31. The company has a market capitalization of $38.19 billion, a P/E ratio of 35.53 and a beta of 0.59. Archer Daniels Midland Company has a one year low of $46.81 and a one year high of $83.10. The stock has a 50 day moving average price of $72.73 and a 200-day moving average price of $66.12.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, May 5th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. The firm had revenue of $20.49 billion during 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 company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.70 EPS. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. As a group, equities analysts predict that Archer Daniels Midland Company will post 4.43 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be given a dividend of $0.52 per share. 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 dividend payout ratio is currently 93.27%.

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.