Ritholtz Wealth Management Makes New Investment in Archer Daniels Midland Company $ADM

Ritholtz Wealth Management bought a new position in Archer Daniels Midland Company (NYSE:ADM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,998 shares of the company’s stock, valued at approximately $460,000.

A number of other hedge funds have also recently added to or reduced their stakes in ADM. Dodge & Cox grew its stake in Archer Daniels Midland by 130.1% in the third quarter. Dodge & Cox now owns 15,068,544 shares of the company’s stock valued at $900,195,000 after acquiring an additional 8,518,920 shares during the period. Pacer Advisors Inc. grew its stake in Archer Daniels Midland by 8,609.3% in the third quarter. Pacer Advisors Inc. now owns 4,405,427 shares of the company’s stock valued at $263,180,000 after acquiring an additional 4,354,844 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Archer Daniels Midland by 176.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,967,471 shares of the company’s stock valued at $117,537,000 after acquiring an additional 1,256,596 shares during the period. Munich Reinsurance Co Stock Corp in Munich acquired a new stake in Archer Daniels Midland in the third quarter valued at approximately $61,290,000. Finally, Russell Investments Group Ltd. grew its stake in Archer Daniels Midland by 163.5% in the third quarter. Russell Investments Group Ltd. now owns 1,272,875 shares of the company’s stock valued at $76,043,000 after acquiring an additional 789,783 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Stock Up 2.5%

Shares of NYSE:ADM opened at $68.62 on Friday. The stock has a market cap of $33.07 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 0.82 and a beta of 0.65. The company has a quick ratio of 0.83, a current ratio of 1.37 and a debt-to-equity ratio of 0.29. Archer Daniels Midland Company has a 12-month low of $46.41 and a 12-month high of $74.19. The business’s 50 day moving average is $69.67 and its 200 day moving average is $64.06.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, February 3rd. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.07. The company had revenue of $18.56 billion for the quarter, compared to analysts’ expectations of $21.03 billion. Archer Daniels Midland had a return on equity of 7.39% and a net margin of 1.34%.Archer Daniels Midland’s quarterly revenue was down 13.7% on a year-over-year basis. 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. On average, sell-side analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given a $0.52 dividend. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.51. This represents a $2.08 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, February 17th. Archer Daniels Midland’s payout ratio is presently 93.69%.

Insiders Place Their Bets

In other Archer Daniels Midland news, SVP Jennifer L. Weber sold 25,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was 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 approximately $8,290,702.72. The trade was a 16.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David R. Mcatee II acquired 7,500 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was acquired at an average cost of $64.90 per share, for a total transaction of $486,750.00. Following the transaction, the director owned 7,500 shares of the company’s stock, valued at approximately $486,750. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 109,106 shares of company stock worth $7,539,602 in the last ninety days. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

ADM has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price objective on Archer Daniels Midland from $61.00 to $65.00 and gave the company an “underweight” rating in a research note on Tuesday, March 24th. Jefferies Financial Group raised their price objective on Archer Daniels Midland from $65.00 to $77.00 and gave the company a “hold” rating in a research note on Monday, April 6th. Zacks Research raised Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, January 21st. Finally, Barclays lifted their target price on Archer Daniels Midland from $68.00 to $77.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Archer Daniels Midland presently has a consensus rating of “Hold” and a consensus price target of $63.86.

Archer Daniels Midland 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.