Picton Mahoney Asset Management Takes $911,000 Position in Archer Daniels Midland Company $ADM

Picton Mahoney Asset Management acquired a new stake in Archer Daniels Midland Company (NYSE:ADM) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 15,249 shares of the company’s stock, valued at approximately $911,000.

Other hedge funds have also recently bought and sold shares of the company. Trust Co. of Vermont increased its holdings in Archer Daniels Midland by 367.0% during the 3rd quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares during the period. Hager Investment Management Services LLC boosted its stake in shares of Archer Daniels Midland by 113.6% in the 3rd quarter. Hager Investment Management Services LLC now owns 534 shares of the company’s stock valued at $32,000 after buying an additional 284 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of Archer Daniels Midland during the second quarter worth about $36,000. Evelyn Partners Investment Management Services Ltd acquired a new position in shares of Archer Daniels Midland during the second quarter worth about $37,000. Finally, Vermillion & White Wealth Management Group LLC increased its stake in shares of Archer Daniels Midland by 61.2% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 698 shares of the company’s stock worth $37,000 after buying an additional 265 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Insider Buying and Selling at Archer Daniels Midland

In related news, SVP Jennifer L. Weber sold 25,000 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president owned 123,668 shares in the company, valued at $8,290,702.72. This represents a 16.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David R. Mcatee II purchased 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were acquired at an average price of $64.90 per share, with a total value of $486,750.00. Following the purchase, the director owned 7,500 shares in the company, valued at $486,750. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ADM. UBS Group reiterated a “buy” rating on shares of Archer Daniels Midland in a research note on Monday, December 15th. JPMorgan Chase & Co. raised their price objective on shares of Archer Daniels Midland from $60.00 to $61.00 and gave the company an “underweight” rating in a report on Wednesday, February 4th. Barclays lifted their price objective on shares of Archer Daniels Midland from $61.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, January 21st. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $63.00 target price on shares of Archer Daniels Midland in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $58.00.

Archer Daniels Midland Stock Up 1.3%

ADM opened at $67.41 on Friday. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $70.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.37. The stock has a market capitalization of $32.44 billion, a P/E ratio of 30.37, a price-to-earnings-growth ratio of 0.89 and a beta of 0.68. The business’s 50-day simple moving average is $65.66 and its 200-day simple moving average is $62.23.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. Archer Daniels Midland had a return on equity of 7.39% and a net margin of 1.34%.The firm had revenue of $18.56 billion for the quarter, compared to the consensus estimate of $21.03 billion. During the same quarter last year, the business posted $1.14 EPS. The firm’s quarterly revenue was down 13.7% compared to the same quarter last year. Archer Daniels Midland has set its FY 2026 guidance at 3.600-4.250 EPS. Analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, February 17th. This is a positive change from Archer Daniels Midland’s previous quarterly dividend of $0.51. Archer Daniels Midland’s dividend payout ratio is presently 93.69%.

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.