Allstate Corp Has $2.08 Million Stock Holdings in Archer Daniels Midland Company $ADM

Key Points

• Allstate Corp more than doubled its Archer Daniels Midland stake in the fourth quarter, ending with 36,127 shares valued at about $2.08 million.
• ADM reported Q1 earnings of $0.71 per share, beating analyst expectations, but revenue of $20.49 billion came in below estimates despite modest year-over-year growth.
• The company declared a quarterly dividend of $0.52 per share to be paid June 10, representing a 2.6% yield; however, its payout ratio is high at 93.27%.

Allstate Corp lifted its stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 106.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,127 shares of the company's stock after purchasing an additional 18,643 shares during the period. Allstate Corp's holdings in Archer Daniels Midland were worth $2,077,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ADM. Toth Financial Advisory Corp acquired a new stake in shares of Archer Daniels Midland during the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Archer Daniels Midland by 313.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 509 shares of the company's stock valued at $30,000 after buying an additional 386 shares in the last quarter. Elyxium Wealth LLC purchased a new position in shares of Archer Daniels Midland during the fourth quarter valued at $31,000. Hager Investment Management Services LLC grew its holdings in shares of Archer Daniels Midland by 113.6% during the third quarter. Hager Investment Management Services LLC now owns 534 shares of the company's stock valued at $32,000 after buying an additional 284 shares in the last quarter. Finally, Entrust Financial LLC purchased a new position in shares of Archer Daniels Midland during the fourth quarter valued at $35,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer Daniels Midland Price Performance

Shares of NYSE:ADM opened at $79.97 on Friday. Archer Daniels Midland Company has a fifty-two week low of $46.81 and a fifty-two week high of $83.10. The business has a 50-day moving average of $73.77 and a two-hundred day moving average of $67.08. The stock has a market capitalization of $38.54 billion, a P/E ratio of 35.86 and a beta of 0.59. 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share 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 company had revenue of $20.49 billion during the quarter, compared to analysts' expectations of $21.35 billion. During the same quarter in the previous year, the firm earned $0.70 earnings per share. The business's quarterly 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. On average, equities research analysts predict that Archer Daniels Midland Company will post 4.43 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be given a dividend of $0.52 per share. 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 currently 93.27%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ADM shares. Zacks Research upgraded Archer Daniels Midland from a "hold" rating to a "strong-buy" rating in a report on Monday, April 6th. Morgan Stanley lifted their price target on Archer Daniels Midland from $54.00 to $58.00 and gave the company an "underweight" rating in a report on Wednesday, May 6th. BMO Capital Markets reiterated a "market perform" rating and set a $63.00 price target on shares of Archer Daniels Midland in a report on Wednesday, February 4th. Jefferies Financial Group lifted their price target 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, JPMorgan Chase & Co. lifted their price target on Archer Daniels Midland from $65.00 to $74.00 and gave the company an "underweight" rating in a report on Wednesday, May 6th. One 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $74.50.

Insider Activity

In related news, SVP Gregory A. Morris sold 50,000 shares of the business's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $68.48, for a total transaction of $3,424,000.00. Following the completion of the transaction, the senior vice president 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ian R. Pinner sold 34,106 shares of the company's stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $71.53, for a total value of $2,439,602.18. Following the completion of the transaction, the senior vice president directly owned 90,676 shares of the company's stock, valued at approximately $6,486,054.28. This trade represents a 27.33% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is currently owned by insiders.

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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