Archer Daniels Midland Company $ADM Shares Sold by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC lessened its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 10.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ADM. Dodge & Cox raised its holdings in Archer Daniels Midland by 130.1% during the 3rd quarter. Dodge & Cox now owns 15,068,544 shares of the company’s stock worth $900,195,000 after buying an additional 8,518,920 shares during the period. Norges Bank acquired a new position in shares of Archer Daniels Midland in the 4th quarter valued at about $402,743,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Archer Daniels Midland by 3,379.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,761,397 shares of the company’s stock valued at $316,525,000 after purchasing an additional 5,595,801 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in shares of Archer Daniels Midland by 176.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,967,471 shares of the company’s stock valued at $117,537,000 after purchasing an additional 1,256,596 shares during the period. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new position in shares of Archer Daniels Midland in the 3rd quarter valued at about $61,290,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Insider Buying and Selling

In related 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 transaction, the senior vice president owned 90,676 shares in the company, 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 filing with the SEC, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ADM shares. Wall Street Zen upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Zacks Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a report on Monday, April 6th. Barclays upped their target price on Archer Daniels Midland from $77.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Jefferies Financial Group upped their target price on Archer Daniels Midland from $65.00 to $77.00 and gave the company a “hold” rating in a report on Monday, April 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Archer Daniels Midland presently has a consensus rating of “Hold” and a consensus target price of $74.50.

Archer Daniels Midland Trading Down 0.0%

NYSE:ADM opened at $80.21 on Wednesday. The stock’s 50 day moving average price is $75.63 and its 200 day moving average price is $68.40. Archer Daniels Midland Company has a 52 week low of $47.98 and a 52 week high of $85.37. The company has a market capitalization of $38.66 billion, a P/E ratio of 35.97 and a beta of 0.60. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.80 and a current ratio of 1.31.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $20.49 billion for the quarter, compared to the consensus estimate of $21.35 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. On average, research analysts forecast that Archer Daniels Midland Company will post 4.43 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be issued a $0.52 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. 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.