Sterling Capital Management LLC Has $1.25 Million Position in Archer Daniels Midland Company $ADM

Sterling Capital Management LLC lessened its position in Archer Daniels Midland Company (NYSE:ADM) by 39.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,130 shares of the company’s stock after selling 11,208 shares during the period. Sterling Capital Management LLC’s holdings in Archer Daniels Midland were worth $1,245,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Dodge & Cox lifted its stake in Archer Daniels Midland by 130.1% in the 3rd quarter. Dodge & Cox now owns 15,068,544 shares of the company’s stock valued at $900,195,000 after purchasing an additional 8,518,920 shares during the last quarter. Norges Bank acquired a new position in Archer Daniels Midland during the fourth quarter worth approximately $402,743,000. Northwestern Mutual Wealth Management Co. raised its stake in Archer Daniels Midland by 3,379.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,761,397 shares of the company’s stock valued at $316,525,000 after buying an additional 5,595,801 shares during the period. Victory Capital Management Inc. lifted its position in shares of Archer Daniels Midland by 831.3% in the fourth quarter. Victory Capital Management Inc. now owns 5,592,030 shares of the company’s stock valued at $321,486,000 after buying an additional 4,991,550 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Archer Daniels Midland by 176.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,967,471 shares of the company’s stock valued at $117,537,000 after buying an additional 1,256,596 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of recent analyst reports. Wall Street Zen raised Archer Daniels Midland from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Jefferies Financial Group lifted their price objective on shares of Archer Daniels Midland from $65.00 to $77.00 and gave the stock a “hold” rating in a research report on Monday, April 6th. JPMorgan Chase & Co. upped their price objective on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. UBS Group increased their price objective on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Finally, Barclays raised their target price on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $75.33.

Archer Daniels Midland Price Performance

Shares of NYSE ADM opened at $76.91 on Tuesday. The firm has a market cap of $37.07 billion, a P/E ratio of 34.49 and a beta of 0.60. The company has a current ratio of 1.31, a quick ratio of 0.80 and a debt-to-equity ratio of 0.28. Archer Daniels Midland Company has a 1-year low of $51.65 and a 1-year high of $85.37. The business’s 50 day moving average is $77.34 and its 200-day moving average is $70.16.

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 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 period in the previous year, the company posted $0.70 EPS. The firm’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. Equities research analysts predict that Archer Daniels Midland Company will post 4.47 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

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. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, May 20th. Archer Daniels Midland’s payout ratio is presently 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.