Illinois Municipal Retirement Fund Raises Stock Position in Archer Daniels Midland Company $ADM

Illinois Municipal Retirement Fund increased its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 10.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 216,865 shares of the company’s stock after acquiring an additional 20,544 shares during the period. Illinois Municipal Retirement Fund’s holdings in Archer Daniels Midland were worth $12,956,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the company. Cibc World Market Inc. raised its position in shares of Archer Daniels Midland by 229.3% in the third quarter. Cibc World Market Inc. now owns 146,953 shares of the company’s stock worth $8,779,000 after buying an additional 102,333 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Archer Daniels Midland by 0.3% in the 3rd quarter. Rhumbline Advisers now owns 1,012,693 shares of the company’s stock valued at $60,498,000 after acquiring an additional 2,689 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Archer Daniels Midland by 20.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 51,676 shares of the company’s stock valued at $3,108,000 after acquiring an additional 8,741 shares in the last quarter. Madison Asset Management LLC boosted its position in shares of Archer Daniels Midland by 4.7% during the 3rd quarter. Madison Asset Management LLC now owns 170,500 shares of the company’s stock valued at $10,186,000 after acquiring an additional 7,600 shares during the last quarter. Finally, Essex Investment Management Co. LLC grew its holdings in shares of Archer Daniels Midland by 1,321.8% during the third quarter. Essex Investment Management Co. LLC now owns 3,725 shares of the company’s stock worth $223,000 after purchasing an additional 3,463 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer Daniels Midland Stock Performance

Archer Daniels Midland stock opened at $69.42 on Friday. The firm has a fifty day simple moving average of $62.57 and a two-hundred day simple moving average of $61.00. 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 twelve month low of $40.98 and a twelve month high of $70.09. The company has a market capitalization of $33.36 billion, a PE ratio of 31.27, a P/E/G ratio of 0.93 and a beta of 0.71.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.80 by $0.07. The firm 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 company’s quarterly revenue was down 13.7% on a year-over-year basis. During the same quarter 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. Research analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Increases Dividend

The company 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 is a positive change from Archer Daniels Midland’s previous quarterly dividend of $0.51. This represents a $2.08 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, February 17th. Archer Daniels Midland’s dividend payout ratio (DPR) is 91.89%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ADM. JPMorgan Chase & Co. lifted their target price on shares of Archer Daniels Midland from $60.00 to $61.00 and gave the company an “underweight” rating in a research report on Wednesday, February 4th. Zacks Research raised shares of Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, January 21st. BMO Capital Markets reaffirmed a “market perform” rating and set a $63.00 price target on shares of Archer Daniels Midland in a research note on Wednesday, February 4th. Finally, Morgan Stanley lowered Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $57.00 to $50.00 in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $57.00.

Insider Activity at Archer Daniels Midland

In other news, Director David R. Mcatee II purchased 7,500 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was bought at an average cost of $64.90 per share, for a total transaction of $486,750.00. Following the acquisition, the director directly owned 7,500 shares of the company’s stock, valued at $486,750. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by insiders.

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.