Louisiana State Employees Retirement System Takes $1.78 Million Position in Archer Daniels Midland Company $ADM

Louisiana State Employees Retirement System bought a new position in shares of Archer Daniels Midland Company (NYSE:ADM) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,500 shares of the company’s stock, valued at approximately $1,781,000.

Several other hedge funds have also recently bought and sold shares of ADM. Toth Financial Advisory Corp purchased a new stake in Archer Daniels Midland during the fourth quarter worth approximately $25,000. Motiv8 Investments LLC purchased a new position in shares of Archer Daniels Midland in the 4th quarter valued at $26,000. Sankala Group LLC purchased a new position in shares of Archer Daniels Midland in the 4th quarter valued at $28,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Archer Daniels Midland during the 4th quarter valued at $29,000. Finally, OP Asset Management Ltd purchased a new stake in Archer Daniels Midland during the 1st quarter worth $30,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ADM. Wall Street Zen raised Archer Daniels Midland from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Morgan Stanley boosted 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. Zacks Research cut Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Monday, April 20th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $75.33.

Archer Daniels Midland Stock Performance

Shares of Archer Daniels Midland stock opened at $76.39 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.80 and a current ratio of 1.31. Archer Daniels Midland Company has a 1 year low of $52.23 and a 1 year high of $85.37. The firm’s 50-day simple moving average is $77.53 and its 200-day simple moving average is $70.29. The firm has a market cap of $36.82 billion, a PE ratio of 34.26 and a beta of 0.60.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. Archer Daniels Midland had a return on equity of 7.37% and a net margin of 1.34%.The business had revenue of $20.49 billion during the quarter, compared to the consensus estimate of $21.35 billion. During the same period last year, the firm earned $0.70 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Equities analysts forecast that Archer Daniels Midland Company will post 4.47 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

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

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.