Horizon Kinetics Asset Management LLC Has $3.46 Million Stock Holdings in Archer Daniels Midland Company $ADM

Horizon Kinetics Asset Management LLC trimmed its position in Archer Daniels Midland Company (NYSE:ADM) by 10.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 60,202 shares of the company’s stock after selling 7,181 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Archer Daniels Midland were worth $3,461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC lifted its stake in shares of Archer Daniels Midland by 2.0% in the fourth quarter. LPL Financial LLC now owns 318,988 shares of the company’s stock worth $18,339,000 after buying an additional 6,398 shares during the last quarter. Erste Asset Management GmbH lifted its stake in shares of Archer Daniels Midland by 64.6% in the fourth quarter. Erste Asset Management GmbH now owns 13,942 shares of the company’s stock worth $812,000 after buying an additional 5,473 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Archer Daniels Midland by 57.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 192,231 shares of the company’s stock worth $11,051,000 after buying an additional 70,134 shares during the last quarter. Syon Capital LLC lifted its stake in shares of Archer Daniels Midland by 18.0% in the fourth quarter. Syon Capital LLC now owns 5,754 shares of the company’s stock worth $331,000 after buying an additional 879 shares during the last quarter. Finally, ING Groep NV acquired a new stake in shares of Archer Daniels Midland in the fourth quarter worth $3,571,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ADM has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. boosted 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 note on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Monday, April 20th. Zacks Research upgraded shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 6th. Finally, UBS Group increased their price objective on Archer Daniels Midland from $70.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $74.50.

Insider Buying and Selling at Archer Daniels Midland

In other news, SVP Ian R. Pinner sold 34,106 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $71.53, for a total value 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 approximately $6,486,054.28. This represents a 27.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Archer Daniels Midland Stock Down 0.0%

ADM opened at $80.21 on Wednesday. Archer Daniels Midland Company has a 1-year low of $47.98 and a 1-year high of $85.37. The company has a current ratio of 1.31, a quick ratio of 0.80 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $38.66 billion, a price-to-earnings ratio of 35.97 and a beta of 0.60. The business has a 50 day moving average of $75.63 and a 200-day moving average of $68.40.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.71 earnings per share 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 company had revenue of $20.49 billion during the quarter, compared to analysts’ expectations of $21.35 billion. During the same period in the prior year, the business earned $0.70 earnings per share. Archer Daniels Midland’s revenue for the quarter was up 1.6% compared to the same quarter last year. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. As a group, sell-side analysts anticipate that Archer Daniels Midland Company will post 4.43 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, May 20th. Archer Daniels Midland’s dividend payout ratio is currently 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.