Anchor Investment Management LLC Decreases Position in Archer Daniels Midland Company $ADM

Anchor Investment Management LLC lowered its stake in Archer Daniels Midland Company (NYSE:ADM) by 26.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 32,915 shares of the company’s stock after selling 11,782 shares during the quarter. Anchor Investment Management LLC’s holdings in Archer Daniels Midland were worth $1,892,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Toth Financial Advisory Corp purchased a new stake in shares of Archer Daniels Midland during the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC acquired a new stake in Archer Daniels Midland during the 4th quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd grew its stake in Archer Daniels Midland by 313.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 509 shares of the company’s stock valued at $30,000 after purchasing an additional 386 shares in the last quarter. Elyxium Wealth LLC purchased a new stake in Archer Daniels Midland during the 4th quarter worth approximately $31,000. Finally, Hager Investment Management Services LLC increased its holdings in Archer Daniels Midland by 113.6% during the 3rd quarter. Hager Investment Management Services LLC now owns 534 shares of the company’s stock worth $32,000 after purchasing an additional 284 shares during the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer Daniels Midland Price Performance

Shares of NYSE ADM opened at $75.06 on Friday. 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 has a market capitalization of $36.18 billion, a price-to-earnings ratio of 33.66 and a beta of 0.60. Archer Daniels Midland Company has a twelve month low of $51.34 and a twelve month high of $85.37. The business has a 50 day simple moving average of $76.41 and a 200-day simple moving average of $69.33.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.71 earnings per share (EPS) for the quarter, topping 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 return on equity of 7.37% and a net margin of 1.34%.The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the business posted $0.70 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. As a group, equities research analysts expect that Archer Daniels Midland Company will post 4.43 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Wednesday, May 20th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 93.27%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ADM. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Monday, April 20th. JPMorgan Chase & Co. upped their price target on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Jefferies Financial Group increased their price objective on shares of Archer Daniels Midland from $65.00 to $77.00 and gave the company a “hold” rating in a research note on Monday, April 6th. Wall Street Zen raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Barclays boosted their target price on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $75.33.

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.