BI Asset Management Fondsmaeglerselskab A S Buys 11,900 Shares of Archer Daniels Midland Company $ADM

BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 65.0% during the third quarter, HoldingsChannel.com reports. The fund owned 30,215 shares of the company’s stock after buying an additional 11,900 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Archer Daniels Midland were worth $1,805,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. grew its position in shares of Archer Daniels Midland by 193.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 557,621 shares of the company’s stock valued at $33,312,000 after acquiring an additional 367,293 shares during the period. AlphaQuest LLC purchased a new position in Archer Daniels Midland during the third quarter valued at $1,332,000. Allstate Corp bought a new stake in Archer Daniels Midland during the third quarter valued at about $1,044,000. Allianz Asset Management GmbH increased its position in Archer Daniels Midland by 45.8% in the third quarter. Allianz Asset Management GmbH now owns 872,406 shares of the company’s stock worth $52,118,000 after buying an additional 273,930 shares in the last quarter. Finally, Generali Asset Management SPA SGR raised its stake in shares of Archer Daniels Midland by 146.4% in the third quarter. Generali Asset Management SPA SGR now owns 41,989 shares of the company’s stock worth $2,508,000 after buying an additional 24,946 shares during the period. Institutional investors own 78.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ADM shares. Zacks Research upgraded Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, January 21st. UBS Group restated a “buy” rating on shares of Archer Daniels Midland in a research note on Monday, December 15th. JPMorgan Chase & Co. upped their target price on shares of Archer Daniels Midland from $60.00 to $61.00 and gave the stock an “underweight” rating in a report on Wednesday, February 4th. Finally, Morgan Stanley cut Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $57.00 to $50.00 in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $57.00.

Archer Daniels Midland Stock Up 1.4%

ADM opened at $66.35 on Monday. The company has a market capitalization of $31.89 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 0.89 and a beta of 0.71. The firm has a 50-day simple moving average of $61.88 and a two-hundred day simple moving average of $60.71. The company has a quick ratio of 0.92, a current ratio of 11.20 and a debt-to-equity ratio of 0.33. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $69.75.

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

Archer Daniels Midland Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors 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%. This is a boost from Archer Daniels Midland’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Tuesday, February 17th. Archer Daniels Midland’s payout ratio is 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.