Fideuram Intesa Sanpaolo Private Banking S.P.A. Purchases Shares of 170,006 Archer Daniels Midland Company $ADM

Key Points

• Fideuram Intesa Sanpaolo Private Banking initiated a new position in Archer Daniels Midland, buying 170,006 shares valued at about $9.77 million.
• ADM continues to draw significant institutional interest, with several large investors boosting holdings and 78.28% of the stock now owned by institutions and hedge funds.
• The company recently reported Q2-style quarterly results with EPS of $0.71, topping estimates, and it announced a quarterly dividend of $0.52 per share, implying a 2.6% yield.

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 170,006 shares of the company's stock, valued at approximately $9,774,000.

Several other large investors have also made changes to their positions in the business. Dodge & Cox grew its holdings in Archer Daniels Midland by 130.1% in the 3rd quarter. Dodge & Cox now owns 15,068,544 shares of the company's stock valued at $900,195,000 after buying an additional 8,518,920 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in 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 buying an additional 5,595,801 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in 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 buying an additional 1,256,596 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich purchased a new position in shares of Archer Daniels Midland during the 3rd quarter worth $61,290,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Archer Daniels Midland by 163.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,272,875 shares of the company's stock worth $76,043,000 after purchasing an additional 789,783 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ADM. Jefferies Financial Group increased their price target on Archer Daniels Midland from $65.00 to $77.00 and gave the stock a "hold" rating in a report on Monday, April 6th. Zacks Research upgraded Archer Daniels Midland from a "hold" rating to a "strong-buy" rating in a report on Monday, April 6th. Morgan Stanley increased their price target on Archer Daniels Midland from $54.00 to $58.00 and gave the stock an "underweight" rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. increased their price target on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an "underweight" rating in a report on Wednesday, May 6th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Archer Daniels Midland presently has an average rating of "Hold" and an average price target of $74.50.

Insider Activity

In other Archer Daniels Midland news, SVP Ian R. Pinner sold 34,106 shares of Archer Daniels Midland stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $71.53, for a total transaction of $2,439,602.18. Following the transaction, the senior vice president owned 90,676 shares of the company's stock, valued at $6,486,054.28. The trade was a 27.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Gregory A. Morris sold 50,000 shares of Archer Daniels Midland stock in a transaction that occurred on 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 transaction, the senior vice president directly owned 300,122 shares in the company, valued at approximately $20,552,354.56. This trade represents a 14.28% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is currently owned by company insiders.

Archer Daniels Midland Stock Performance

Shares of Archer Daniels Midland stock opened at $79.23 on Wednesday. The business has a 50-day moving average of $72.73 and a 200 day moving average of $66.12. Archer Daniels Midland Company has a 12 month low of $46.81 and a 12 month high of $83.10. The stock has a market capitalization of $38.19 billion, a price-to-earnings ratio of 35.53 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 posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $21.35 billion. During the same quarter last year, the company earned $0.70 EPS. Archer Daniels Midland's revenue for the quarter 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, sell-side analysts forecast that Archer Daniels Midland Company will post 4.43 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders 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 dividend payout ratio (DPR) is 93.27%.

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.

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