Steel Grove Capital Advisors LLC Lowers Stock Position in Archer Daniels Midland Company $ADM

Steel Grove Capital Advisors LLC lowered its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 90.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,863 shares of the company’s stock after selling 34,803 shares during the quarter. Steel Grove Capital Advisors LLC’s holdings in Archer Daniels Midland were worth $222,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Integrity Alliance LLC. purchased a new position in shares of Archer Daniels Midland in the 4th quarter worth about $390,000. Allstate Corp raised its position in shares of Archer Daniels Midland by 106.6% in the 4th quarter. Allstate Corp now owns 36,127 shares of the company’s stock worth $2,077,000 after purchasing an additional 18,643 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Archer Daniels Midland by 385.5% in the 4th quarter. Fisher Asset Management LLC now owns 17,098 shares of the company’s stock worth $983,000 after purchasing an additional 13,576 shares during the last quarter. Clearstead Advisors LLC raised its position in shares of Archer Daniels Midland by 7.2% in the 4th quarter. Clearstead Advisors LLC now owns 17,334 shares of the company’s stock worth $997,000 after purchasing an additional 1,171 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Archer Daniels Midland by 4.4% in the 4th quarter. Legal & General Group Plc now owns 2,748,962 shares of the company’s stock worth $158,038,000 after purchasing an additional 114,635 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

ADM has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Monday, April 20th. 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 target price 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 raised Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. Finally, UBS Group boosted their target price on Archer Daniels Midland from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $74.50.

Archer Daniels Midland Trading Up 2.1%

Archer Daniels Midland stock opened at $79.61 on Thursday. The business has a 50-day simple moving average of $73.61 and a two-hundred day simple moving average of $66.92. The company has a market cap of $38.37 billion, a P/E ratio of 35.70 and a beta of 0.59. Archer Daniels Midland Company has a 52-week low of $46.81 and a 52-week high of $83.10. 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 (NYSE:ADM) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. The business had revenue of $20.49 billion during 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 business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.70 EPS. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Analysts predict that Archer Daniels Midland Company will post 4.43 EPS for the current year.

Archer Daniels Midland Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Wednesday, May 20th. Archer Daniels Midland’s payout ratio is currently 93.27%.

Insider Transactions at Archer Daniels Midland

In related news, SVP Gregory A. Morris sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $68.48, for a total transaction 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. The trade was a 14.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Ian R. Pinner sold 34,106 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were 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 approximately $6,486,054.28. This trade represents a 27.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.60% of the company’s stock.

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.