Havemeyer Place LP Buys Shares of 15,679 Archer Daniels Midland Company $ADM

Havemeyer Place LP acquired a new position in Archer Daniels Midland Company (NYSE:ADM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 15,679 shares of the company’s stock, valued at approximately $901,000.

A number of other institutional investors have also made changes to their positions in the business. First Command Advisory Services Inc. increased its stake in shares of Archer Daniels Midland by 51.6% in the fourth quarter. First Command Advisory Services Inc. now owns 1,763 shares of the company’s stock worth $101,000 after purchasing an additional 600 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Archer Daniels Midland by 281.9% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 115,384 shares of the company’s stock worth $6,633,000 after purchasing an additional 85,169 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Archer Daniels Midland by 0.6% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 67,243 shares of the company’s stock worth $3,866,000 after purchasing an additional 400 shares during the period. Prudential PLC increased its stake in shares of Archer Daniels Midland by 1,432.1% in the fourth quarter. Prudential PLC now owns 93,380 shares of the company’s stock worth $5,368,000 after purchasing an additional 87,285 shares during the period. Finally, Deseret Mutual Benefit Administrators increased its stake in shares of Archer Daniels Midland by 6.6% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 5,529 shares of the company’s stock worth $318,000 after purchasing an additional 340 shares during the period. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Stock Up 0.3%

ADM stock opened at $81.18 on Monday. Archer Daniels Midland Company has a twelve month low of $47.25 and a twelve month high of $85.37. The company has a market cap of $39.13 billion, a PE ratio of 36.40 and a beta of 0.60. The business’s 50-day simple moving average is $75.31 and its 200 day simple moving average is $68.11. 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 (NYSE:ADM) last released its earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The business 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 period last year, the business earned $0.70 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. On average, research analysts anticipate that Archer Daniels Midland Company will post 4.43 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ADM shares. Jefferies Financial Group lifted their price objective on Archer Daniels Midland from $65.00 to $77.00 and gave the stock a “hold” rating in a research note on Monday, April 6th. Morgan Stanley lifted their price objective on Archer Daniels Midland from $54.00 to $58.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Wall Street Zen upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. UBS Group lifted their price objective on Archer Daniels Midland from $70.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Monday, April 20th. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $74.50.

Insider Buying and Selling

In other Archer Daniels Midland news, SVP Gregory A. Morris sold 50,000 shares of Archer Daniels Midland 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 sale, the senior vice president directly owned 300,122 shares of the company’s stock, valued at approximately $20,552,354.56. The trade was a 14.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Ian R. Pinner sold 34,106 shares of Archer Daniels Midland 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 sale, the senior vice president directly owned 90,676 shares in the company, valued at $6,486,054.28. The trade was a 27.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.60% of the stock is currently owned by insiders.

Archer Daniels Midland Company 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.