Archer Daniels Midland Company $ADM Position Lessened by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. decreased its stake in Archer Daniels Midland Company (NYSE:ADM) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 171,898 shares of the company’s stock after selling 11,992 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Archer Daniels Midland were worth $9,923,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ADM. Dodge & Cox lifted its holdings in shares of Archer Daniels Midland by 130.1% in the 3rd quarter. Dodge & Cox now owns 15,068,544 shares of the company’s stock worth $900,195,000 after purchasing an additional 8,518,920 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Archer Daniels Midland by 3,379.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,761,397 shares of the company’s stock worth $316,525,000 after purchasing an additional 5,595,801 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Archer Daniels Midland by 176.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,967,471 shares of the company’s stock worth $117,537,000 after purchasing an additional 1,256,596 shares during the last quarter. Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of Archer Daniels Midland in the 3rd quarter worth approximately $61,290,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Archer Daniels Midland by 163.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,272,875 shares of the company’s stock worth $76,043,000 after purchasing an additional 789,783 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Gregory A. Morris sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $68.48, for a total value of $3,424,000.00. Following the sale, the senior vice president 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ian R. Pinner sold 34,106 shares of the business’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $71.53, for a total value of $2,439,602.18. Following the completion of the sale, the senior vice president directly owned 90,676 shares in the company, valued at $6,486,054.28. This represents 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 insiders.

Archer Daniels Midland Stock Down 0.5%

Archer Daniels Midland stock opened at $77.18 on Friday. The stock has a market cap of $37.20 billion, a price-to-earnings ratio of 34.61 and a beta of 0.59. The company has a current ratio of 1.31, a quick ratio of 0.80 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average price is $73.08 and its two-hundred day moving average price is $66.36. Archer Daniels Midland Company has a 52 week low of $46.81 and a 52 week high of $83.10.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, May 5th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.66 by $0.05. The firm had revenue of $20.49 billion for the quarter, compared to analysts’ expectations of $21.35 billion. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.37%. Archer Daniels Midland’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $0.70 EPS. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. On average, analysts expect that Archer Daniels Midland Company will post 4.43 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, May 20th. Archer Daniels Midland’s payout ratio is currently 93.27%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wall Street Zen raised Archer Daniels Midland from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. raised their price target on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Monday, April 20th. UBS Group increased their price target 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, BMO Capital Markets reissued a “market perform” rating and set a $63.00 price target on shares of Archer Daniels Midland in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Archer Daniels Midland 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.