Sterling Capital Management LLC Has $1.25 Million Holdings in Archer Daniels Midland Company $ADM

Sterling Capital Management LLC decreased its stake in Archer Daniels Midland Company (NYSE:ADM) by 39.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,130 shares of the company’s stock after selling 11,208 shares during the period. Sterling Capital Management LLC’s holdings in Archer Daniels Midland were worth $1,245,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Welch Group LLC acquired a new position in shares of Archer Daniels Midland during the 1st quarter worth about $224,000. Louisiana State Employees Retirement System bought a new position in Archer Daniels Midland during the 1st quarter worth approximately $1,781,000. Kestra Private Wealth Services LLC boosted its stake in Archer Daniels Midland by 4.4% during the 1st quarter. Kestra Private Wealth Services LLC now owns 11,460 shares of the company’s stock worth $833,000 after acquiring an additional 484 shares during the last quarter. Ritholtz Wealth Management grew its holdings in Archer Daniels Midland by 119.6% during the first quarter. Ritholtz Wealth Management now owns 17,565 shares of the company’s stock valued at $1,277,000 after purchasing an additional 9,567 shares during the period. Finally, Global Financial Private Client LLC increased its stake in Archer Daniels Midland by 3.9% in the first quarter. Global Financial Private Client LLC now owns 7,008 shares of the company’s stock valued at $509,000 after purchasing an additional 261 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. UBS Group upped their price target on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, June 15th. Morgan Stanley increased their price objective 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. Barclays boosted their price objective 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. Finally, Jefferies Financial Group upped their target price on shares of Archer Daniels Midland from $65.00 to $77.00 and gave the stock a “hold” rating in a research note on Monday, April 6th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $75.33.

Archer Daniels Midland Stock Up 0.2%

Archer Daniels Midland stock opened at $76.91 on Tuesday. The company has a market cap of $37.07 billion, a P/E ratio of 34.49 and a beta of 0.60. Archer Daniels Midland Company has a 1-year low of $51.65 and a 1-year high of $85.37. The company has a fifty day simple moving average of $77.34 and a 200 day simple moving average of $70.16. The company has a current ratio of 1.31, a quick ratio of 0.80 and a debt-to-equity ratio of 0.28.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.71 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $21.35 billion. During the same period in the previous year, the firm posted $0.70 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Research analysts anticipate that Archer Daniels Midland Company will post 4.47 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently declared 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 of this dividend was Wednesday, May 20th. This represents a $2.08 annualized dividend and a yield of 2.7%. Archer Daniels Midland’s dividend payout ratio is 93.27%.

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.