Kentucky Retirement Systems Purchases 24,314 Shares of Archer Daniels Midland Company $ADM

Kentucky Retirement Systems lifted its position in Archer Daniels Midland Company (NYSE:ADM) by 81.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,323 shares of the company’s stock after acquiring an additional 24,314 shares during the quarter. Kentucky Retirement Systems’ holdings in Archer Daniels Midland were worth $3,949,000 at the end of the most recent reporting period.

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

Archer Daniels Midland Stock Up 0.3%

Shares of NYSE:ADM opened at $80.59 on Friday. Archer Daniels Midland Company has a 52-week low of $52.96 and a 52-week high of $88.46. The stock has a market cap of $38.84 billion, a P/E ratio of 36.14 and a beta of 0.62. The business’s 50 day moving average is $80.10 and its 200 day moving average is $73.86. 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 issued its earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share for the quarter, beating 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 analyst estimates of $21.35 billion. During the same period in the previous year, the company posted $0.70 EPS. Archer Daniels Midland’s 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. Sell-side analysts predict that Archer Daniels Midland Company will post 4.76 EPS for the current year.

Archer Daniels Midland Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ADM shares. Morgan Stanley boosted their price objective on Archer Daniels Midland from $58.00 to $60.00 and gave the company an “underweight” rating in a report on Monday, July 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Friday, July 17th. UBS Group boosted their target price on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Barclays upped their price target on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. 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’s stock. According to MarketBeat, Archer Daniels Midland has a consensus rating of “Reduce” and a consensus target price of $75.67.

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.