Archer Daniels Midland Company $ADM Shares Purchased by Panagora Asset Management Inc.

Panagora Asset Management Inc. increased its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 9,254.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 401,596 shares of the company’s stock after purchasing an additional 397,303 shares during the period. Panagora Asset Management Inc. owned 0.08% of Archer Daniels Midland worth $23,088,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. MML Investors Services LLC lifted its position in Archer Daniels Midland by 14.0% in the fourth quarter. MML Investors Services LLC now owns 10,020 shares of the company’s stock valued at $576,000 after acquiring an additional 1,230 shares during the last quarter. Motiv8 Investments LLC purchased a new stake in Archer Daniels Midland in the fourth quarter valued at $26,000. Focus Partners Wealth lifted its position in Archer Daniels Midland by 538.3% in the fourth quarter. Focus Partners Wealth now owns 195,280 shares of the company’s stock valued at $11,227,000 after acquiring an additional 164,684 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Archer Daniels Midland by 73.3% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 519,997 shares of the company’s stock valued at $29,895,000 after acquiring an additional 219,977 shares during the last quarter. Finally, Entropy Technologies LP purchased a new stake in Archer Daniels Midland in the fourth quarter valued at $2,334,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ADM. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Monday, April 20th. Morgan Stanley boosted their price target on shares of Archer Daniels Midland from $54.00 to $58.00 and gave the company an “underweight” 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. UBS Group upped their target price on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. upped their target price 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. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Archer Daniels Midland has an average rating of “Hold” and an average price target of $75.33.

Archer Daniels Midland Price Performance

Shares of NYSE:ADM opened at $79.14 on Tuesday. The company has a 50-day simple moving average of $76.21 and a 200-day simple moving average of $69.00. Archer Daniels Midland Company has a one year low of $51.34 and a one year high of $85.37. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.80 and a current ratio of 1.31. The stock has a market capitalization of $38.14 billion, a price-to-earnings ratio of 35.49 and a beta of 0.60.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.05. The firm had revenue of $20.49 billion during the quarter, compared to analysts’ expectations of $21.35 billion. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.37%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.70 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. On average, analysts predict that Archer Daniels Midland Company will post 4.43 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. Investors of record on Wednesday, May 20th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, May 20th. Archer Daniels Midland’s dividend payout ratio is currently 93.27%.

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.