Kingsview Wealth Management LLC Sells 167,208 Shares of Archer Daniels Midland Company $ADM

Kingsview Wealth Management LLC decreased its holdings in Archer Daniels Midland Company (NYSE:ADM) by 88.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,942 shares of the company’s stock after selling 167,208 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Archer Daniels Midland were worth $1,251,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Vermont raised its position in Archer Daniels Midland by 367.0% in the third quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares during the period. Hager Investment Management Services LLC increased its stake in shares of Archer Daniels Midland by 113.6% in the 3rd quarter. Hager Investment Management Services LLC now owns 534 shares of the company’s stock worth $32,000 after purchasing an additional 284 shares in the last quarter. Caldwell Trust Co raised its holdings in Archer Daniels Midland by 44.7% in the 3rd quarter. Caldwell Trust Co now owns 647 shares of the company’s stock worth $39,000 after purchasing an additional 200 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in Archer Daniels Midland during the second quarter valued at $36,000. Finally, Vermillion & White Wealth Management Group LLC grew its holdings in Archer Daniels Midland by 61.2% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 698 shares of the company’s stock valued at $37,000 after purchasing an additional 265 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director David R. Mcatee II acquired 7,500 shares of Archer Daniels Midland stock in a transaction on Thursday, February 5th. The shares were acquired at an average price of $64.90 per share, with a total value of $486,750.00. Following the purchase, the director directly owned 7,500 shares in the company, valued at $486,750. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jennifer L. Weber sold 25,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $67.04, for a total value of $1,676,000.00. Following the transaction, the senior vice president owned 123,668 shares of the company’s stock, valued at $8,290,702.72. This represents a 16.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.20% of the company’s stock.

Archer Daniels Midland Trading Down 1.0%

ADM stock opened at $66.56 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.37 and a quick ratio of 0.83. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $70.48. The business has a 50 day simple moving average of $65.47 and a two-hundred day simple moving average of $62.18. The company has a market capitalization of $32.03 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 0.90 and a beta of 0.68.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, February 3rd. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.80 by $0.07. The firm had revenue of $18.56 billion for the quarter, compared to the consensus estimate of $21.03 billion. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.39%. The company’s quarterly revenue was down 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 3.600-4.250 EPS. Research analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.52 per share. The ex-dividend date is Tuesday, February 17th. This is a positive change from Archer Daniels Midland’s previous quarterly dividend of $0.51. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.1%. Archer Daniels Midland’s dividend payout ratio (DPR) is 93.69%.

Wall Street Analyst Weigh In

Several research firms have recently commented on ADM. Morgan Stanley downgraded Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $57.00 to $50.00 in a research note on Tuesday, December 16th. UBS Group reissued a “buy” rating on shares of Archer Daniels Midland in a report on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, January 21st. Barclays upped their price target on shares of Archer Daniels Midland from $61.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 19th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Archer Daniels Midland from $60.00 to $61.00 and gave the company an “underweight” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $58.00.

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.