Meiji Yasuda Asset Management Co Ltd. Sells 6,634 Shares of Archer Daniels Midland Company $ADM

Meiji Yasuda Asset Management Co Ltd. lowered its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 184,639 shares of the company’s stock after selling 6,634 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Archer Daniels Midland were worth $10,615,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Toth Financial Advisory Corp acquired a new position in Archer Daniels Midland in the fourth quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd grew its position in shares of Archer Daniels Midland by 313.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 509 shares of the company’s stock worth $30,000 after buying an additional 386 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of Archer Daniels Midland during the 4th quarter worth approximately $31,000. Hager Investment Management Services LLC grew its position in shares of Archer Daniels Midland by 113.6% during the 3rd quarter. Hager Investment Management Services LLC now owns 534 shares of the company’s stock worth $32,000 after buying an additional 284 shares during the period. Finally, Entrust Financial LLC acquired a new stake in shares of Archer Daniels Midland during the 4th quarter worth approximately $35,000. 78.28% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Ian R. Pinner sold 34,106 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $71.53, for a total transaction of $2,439,602.18. Following the completion of the sale, the senior vice president directly owned 90,676 shares of the company’s stock, valued at $6,486,054.28. The trade was a 27.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Gregory A. Morris sold 50,000 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $68.48, for a total value of $3,424,000.00. Following the sale, the senior vice president owned 300,122 shares of the company’s stock, valued at $20,552,354.56. This trade represents a 14.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Barclays increased their price objective on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. 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. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Monday, April 20th. Finally, Zacks Research raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. 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 given a Sell rating to the company’s stock. According to MarketBeat, Archer Daniels Midland currently has an average rating of “Hold” and a consensus target price of $74.50.

Archer Daniels Midland Trading Down 0.5%

NYSE ADM opened at $77.18 on Friday. The company has a market cap of $37.20 billion, a price-to-earnings ratio of 34.61 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 business has a 50 day moving average price of $73.08 and a 200-day moving average price of $66.36. 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 data on Tuesday, May 5th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.66 by $0.05. The firm 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 company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.70 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. As a group, equities analysts expect that Archer Daniels Midland Company will post 4.43 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $2.08 annualized dividend and a dividend yield of 2.7%. Archer Daniels Midland’s payout ratio is presently 93.27%.

About Archer Daniels Midland

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.