Archer Daniels Midland Company $ADM Shares Bought by Panagora Asset Management Inc.

Panagora Asset Management Inc. boosted its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 9,254.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 401,596 shares of the company’s stock after purchasing an additional 397,303 shares during the quarter. Panagora Asset Management Inc.’s holdings in Archer Daniels Midland were worth $23,088,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MML Investors Services LLC grew its position in Archer Daniels Midland by 14.0% during the fourth quarter. MML Investors Services LLC now owns 10,020 shares of the company’s stock worth $576,000 after buying an additional 1,230 shares during the period. Motiv8 Investments LLC acquired a new position in Archer Daniels Midland during the fourth quarter worth about $26,000. Focus Partners Wealth grew its position in Archer Daniels Midland by 538.3% during the fourth quarter. Focus Partners Wealth now owns 195,280 shares of the company’s stock worth $11,227,000 after buying an additional 164,684 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in Archer Daniels Midland by 73.3% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 519,997 shares of the company’s stock worth $29,895,000 after buying an additional 219,977 shares during the period. Finally, Entropy Technologies LP acquired a new position in Archer Daniels Midland during the fourth quarter worth about $2,334,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ADM has been the topic of several recent analyst reports. Morgan Stanley upped their target price 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. JPMorgan Chase & Co. increased their price target on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. UBS Group increased their price target on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday. Finally, Barclays increased their price target on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Archer Daniels Midland currently has an average rating of “Hold” and an average target price of $75.33.

Archer Daniels Midland Stock Down 1.4%

ADM stock opened at $79.14 on Tuesday. Archer Daniels Midland Company has a 12 month low of $51.34 and a 12 month high of $85.37. The company’s 50 day simple moving average is $76.21 and its 200-day simple moving average is $69.00. The firm has a market capitalization of $38.14 billion, a PE ratio of 35.49 and a beta of 0.60. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 0.80.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share (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 firm had revenue of $20.49 billion for the quarter, compared to analyst estimates of $21.35 billion. During the same quarter last year, the business earned $0.70 earnings per share. Archer Daniels Midland’s revenue was up 1.6% compared to the same quarter last year. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Equities analysts expect 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 announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were given a dividend of $0.52 per share. The ex-dividend date was Wednesday, May 20th. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. Archer Daniels Midland’s dividend payout ratio (DPR) is 93.27%.

Archer Daniels Midland Profile

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.