Illinois Municipal Retirement Fund Sells 15,362 Shares of Archer Daniels Midland Company $ADM

Illinois Municipal Retirement Fund lessened its holdings in Archer Daniels Midland Company (NYSE:ADM) by 6.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 228,446 shares of the company’s stock after selling 15,362 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Archer Daniels Midland were worth $16,606,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Toth Financial Advisory Corp bought a new stake in Archer Daniels Midland during the 4th quarter valued at $25,000. Motiv8 Investments LLC bought a new position in shares of Archer Daniels Midland in the 4th quarter worth $26,000. Sankala Group LLC purchased a new stake in shares of Archer Daniels Midland during the 4th quarter worth $28,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Archer Daniels Midland during the 4th quarter worth $29,000. Finally, Global Trust Asset Management LLC bought a new stake in Archer Daniels Midland during the first quarter valued at about $29,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer Daniels Midland Trading Up 0.2%

Shares of NYSE:ADM opened at $82.40 on Thursday. The business’s 50-day moving average is $79.05 and its 200 day moving average is $71.90. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 0.80. Archer Daniels Midland Company has a 1 year low of $52.23 and a 1 year high of $85.37. The firm has a market capitalization of $39.72 billion, a P/E ratio of 36.95 and a beta of 0.62.

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. 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 quarter last year, the company earned $0.70 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. On average, research analysts predict that Archer Daniels Midland Company will post 4.71 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were paid a $0.52 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $2.08 dividend on an annualized basis and a yield of 2.5%. Archer Daniels Midland’s dividend payout ratio (DPR) is 93.27%.

Analyst Upgrades and Downgrades

ADM has been the topic of several analyst reports. UBS Group lifted their target price on Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Zacks Research cut shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Wall Street Zen raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Morgan Stanley boosted their price objective on shares of Archer Daniels Midland from $54.00 to $58.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a research report 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $75.33.

Archer Daniels Midland Company 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.