Allstate Corp Buys 18,643 Shares of Archer Daniels Midland Company $ADM

Allstate Corp grew its stake in Archer Daniels Midland Company (NYSE:ADM) by 106.6% during the 4th quarter, HoldingsChannel reports. The firm owned 36,127 shares of the company’s stock after acquiring an additional 18,643 shares during the quarter. Allstate Corp’s holdings in Archer Daniels Midland were worth $2,077,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ADM. Woodline Partners LP grew its stake in shares of Archer Daniels Midland by 40.8% in the 1st quarter. Woodline Partners LP now owns 40,429 shares of the company’s stock valued at $1,941,000 after purchasing an additional 11,715 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Archer Daniels Midland by 5.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 83,983 shares of the company’s stock valued at $4,433,000 after purchasing an additional 4,224 shares during the period. Sei Investments Co. grew its stake in shares of Archer Daniels Midland by 40.0% in the 2nd quarter. Sei Investments Co. now owns 191,633 shares of the company’s stock valued at $10,116,000 after purchasing an additional 54,746 shares during the period. Glenview Trust co bought a new stake in Archer Daniels Midland during the 2nd quarter worth approximately $203,000. Finally, Treasurer of the State of North Carolina grew its position in Archer Daniels Midland by 2.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 223,280 shares of the company’s stock worth $11,785,000 after acquiring an additional 5,051 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Stock Up 0.5%

Shares of ADM opened at $79.97 on Friday. The firm has a market capitalization of $38.54 billion, a price-to-earnings ratio of 35.86 and a beta of 0.59. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.80 and a current ratio of 1.31. The business’s fifty day moving average price is $73.77 and its two-hundred day moving average price is $67.08. 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 posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. The company had revenue of $20.49 billion for the quarter, compared to the consensus estimate of $21.35 billion. Archer Daniels Midland had a return on equity of 7.37% and a net margin of 1.34%.The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.70 EPS. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. On average, analysts predict that Archer Daniels Midland Company will post 4.43 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.6%. Archer Daniels Midland’s dividend payout ratio is 93.27%.

Analyst Ratings Changes

A number of research firms recently commented on ADM. JPMorgan Chase & Co. increased their price target on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Zacks Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. Wall Street Zen upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Morgan Stanley increased their price target on Archer Daniels Midland from $54.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group increased their price target on Archer Daniels Midland from $65.00 to $77.00 and gave the stock a “hold” rating in a research report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $74.50.

Insiders Place Their Bets

In other news, SVP Ian R. Pinner sold 34,106 shares of the 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 transaction, the senior vice president owned 90,676 shares of the company’s stock, valued at $6,486,054.28. This represents a 27.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Gregory A. Morris sold 50,000 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $68.48, for a total value of $3,424,000.00. Following the completion of the transaction, the senior vice president directly owned 300,122 shares in the company, valued at approximately $20,552,354.56. This trade represents a 14.28% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.60% of the company’s stock.

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.