Northwestern Mutual Wealth Management Co. Buys 5,595,801 Shares of Archer Daniels Midland Company $ADM
by Jessica Moore · The Cerbat GemNorthwestern Mutual Wealth Management Co. raised its stake in shares of Archer Daniels Midland Company (NYSE:ADM – Free Report) by 3,379.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,761,397 shares of the company’s stock after purchasing an additional 5,595,801 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Archer Daniels Midland were worth $316,525,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of ADM. Dodge & Cox grew its holdings in Archer Daniels Midland by 130.1% during the third quarter. Dodge & Cox now owns 15,068,544 shares of the company’s stock valued at $900,195,000 after purchasing an additional 8,518,920 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in Archer Daniels Midland by 176.8% during 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 purchasing an additional 1,256,596 shares during the period. Munich Reinsurance Co Stock Corp in Munich bought a new stake in Archer Daniels Midland during the third quarter valued at about $61,290,000. Russell Investments Group Ltd. grew its holdings in Archer Daniels Midland by 163.5% during the third quarter. Russell Investments Group Ltd. now owns 1,272,875 shares of the company’s stock valued at $76,043,000 after purchasing an additional 789,783 shares during the period. Finally, Man Group plc bought a new stake in Archer Daniels Midland during the third quarter valued at about $41,036,000. Institutional investors own 78.28% of the company’s stock.
Insider Transactions at Archer Daniels Midland
In other news, SVP Gregory A. Morris sold 50,000 shares of Archer Daniels Midland stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $68.48, for a total value of $3,424,000.00. Following the sale, the senior vice president directly owned 300,122 shares of the company’s stock, valued at approximately $20,552,354.56. The trade was a 14.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Ian R. Pinner sold 34,106 shares of Archer Daniels Midland stock in a transaction dated 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 in the company, valued at $6,486,054.28. This trade represents a 27.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 109,106 shares of company stock valued at $7,539,602. 0.60% of the stock is currently owned by insiders.
Archer Daniels Midland Price Performance
Shares of Archer Daniels Midland stock opened at $80.38 on Friday. The stock’s 50-day simple moving average is $72.21 and its 200-day simple moving average is $65.83. Archer Daniels Midland Company has a 52 week low of $46.81 and a 52 week high of $83.10. The company has a market capitalization of $38.74 billion, a price-to-earnings ratio of 36.05 and a beta of 0.59. The company has a quick ratio of 0.80, a current ratio of 1.31 and a debt-to-equity ratio of 0.28.
Archer Daniels Midland (NYSE:ADM – Get Free Report) last issued its 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. 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 analysts’ expectations of $21.35 billion. During the same period in the previous year, the firm posted $0.70 earnings per share. The business’s revenue 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, analysts expect that Archer Daniels Midland Company will post 4.43 earnings per share for the current fiscal year.
Archer Daniels Midland Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be issued 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 payout ratio is 93.27%.
Wall Street Analysts Forecast Growth
ADM has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Barclays boosted their price objective on 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. BMO Capital Markets restated a “market perform” rating and issued a $63.00 price objective on shares of Archer Daniels Midland in a research report on Wednesday, February 4th. Wall Street Zen upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Morgan Stanley boosted their price objective on Archer Daniels Midland from $54.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $74.50.
Check Out Our Latest Analysis on ADM
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.
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