Ritholtz Wealth Management Buys 9,567 Shares of Archer Daniels Midland Company $ADM

Ritholtz Wealth Management increased its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 119.6% during the first quarter, HoldingsChannel reports. The fund owned 17,565 shares of the company’s stock after buying an additional 9,567 shares during the quarter. Ritholtz Wealth Management’s holdings in Archer Daniels Midland were worth $1,277,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADM. Norges Bank acquired a new stake in shares of Archer Daniels Midland in the fourth quarter valued at about $402,743,000. Procyon Advisors LLC boosted its holdings in Archer Daniels Midland by 174.0% in the fourth quarter. Procyon Advisors LLC now owns 39,442 shares of the company’s stock valued at $2,268,000 after acquiring an additional 25,048 shares during the last quarter. Swedbank AB increased its position in Archer Daniels Midland by 9.2% during the 4th quarter. Swedbank AB now owns 399,047 shares of the company’s stock valued at $22,941,000 after purchasing an additional 33,647 shares during the period. Assenagon Asset Management S.A. raised its holdings in Archer Daniels Midland by 1,542.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 397,444 shares of the company’s stock worth $22,849,000 after purchasing an additional 373,241 shares during the last quarter. Finally, DoubleLine ETF Adviser LP acquired a new position in shares of Archer Daniels Midland in the 3rd quarter worth approximately $1,536,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Down 0.0%

ADM opened at $76.78 on Monday. Archer Daniels Midland Company has a fifty-two week low of $51.34 and a fifty-two week high of $85.37. The company’s 50-day moving average is $77.17 and its 200 day moving average is $70.03. The firm has a market capitalization of $37.01 billion, a P/E ratio of 34.43 and a beta of 0.60. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 0.80.

Archer Daniels Midland (NYSE:ADM) last released its 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. The company had revenue of $20.49 billion during the quarter, compared to analyst estimates of $21.35 billion. Archer Daniels Midland had a return on equity of 7.37% and a net margin of 1.34%.Archer Daniels Midland’s quarterly revenue 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. Research analysts expect that Archer Daniels Midland Company will post 4.47 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were given a dividend of $0.52 per share. 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 dividend payout ratio is currently 93.27%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Zacks Research cut shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Barclays upped their price target on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Monday, April 20th. Wall Street Zen upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, JPMorgan Chase & Co. upped their price target on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Archer Daniels Midland presently has a consensus rating of “Reduce” and a consensus target price of $75.33.

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.