BI Asset Management Fondsmaeglerselskab A S Reduces Stock Position in Archer Daniels Midland Company $ADM

BI Asset Management Fondsmaeglerselskab A S lessened its position in Archer Daniels Midland Company (NYSE:ADM) by 57.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 48,874 shares of the company’s stock after selling 66,510 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Archer Daniels Midland were worth $3,553,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Archer Daniels Midland in the 4th quarter worth approximately $402,743,000. Procyon Advisors LLC increased its stake in shares of Archer Daniels Midland by 174.0% during the fourth quarter. Procyon Advisors LLC now owns 39,442 shares of the company’s stock valued at $2,268,000 after buying an additional 25,048 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Archer Daniels Midland by 1,542.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 397,444 shares of the company’s stock valued at $22,849,000 after buying an additional 373,241 shares during the period. Swedbank AB raised its holdings in shares of Archer Daniels Midland by 9.2% during the fourth quarter. Swedbank AB now owns 399,047 shares of the company’s stock valued at $22,941,000 after acquiring an additional 33,647 shares in the last quarter. Finally, DoubleLine ETF Adviser LP purchased a new stake in Archer Daniels Midland in the third quarter worth $1,536,000. 78.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ADM has been the topic of several recent analyst reports. Barclays lifted their price target on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Morgan Stanley upped their price objective on shares of Archer Daniels Midland from $54.00 to $58.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. raised their target price on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Jefferies Financial Group lifted their target price 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Monday, April 20th. 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $75.33.

Archer Daniels Midland Trading Up 1.6%

ADM opened at $76.30 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.31 and a debt-to-equity ratio of 0.28. Archer Daniels Midland Company has a 52 week low of $51.34 and a 52 week high of $85.37. The stock has a market cap of $36.77 billion, a PE ratio of 34.21 and a beta of 0.60. The business has a 50 day moving average of $76.60 and a 200-day moving average of $69.55.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.05. The company 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 in the prior year, the firm earned $0.70 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Equities research analysts predict that Archer Daniels Midland Company will post 4.43 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were given a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. Archer Daniels Midland’s dividend payout ratio is currently 93.27%.

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.