Man Group plc Invests $17.65 Million in Archer Daniels Midland Company $ADM

Man Group plc bought a new stake in shares of Archer Daniels Midland Company (NYSE:ADM) during the second quarter, Holdings Channel.com reports. The fund bought 230,981 shares of the company’s stock, valued at approximately $17,647,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Western Wealth Management LLC bought a new position in Archer Daniels Midland in the second quarter worth about $907,000. First Bancorp Inc ME purchased a new position in shares of Archer Daniels Midland during the 2nd quarter worth approximately $88,000. Jupiter Topco LLC bought a new position in shares of Archer Daniels Midland in the 2nd quarter worth approximately $8,819,000. Hsbc Holdings PLC bought a new position in shares of Archer Daniels Midland in the 2nd quarter worth approximately $76,067,000. Finally, EFG International AG purchased a new position in shares of Archer Daniels Midland in the 2nd quarter valued at approximately $269,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wall Street Zen lowered Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 23rd. JPMorgan Chase & Co. raised 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. Zacks Research upgraded shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. UBS Group upped their target price on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Finally, Barclays increased their price target on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $79.67.

Archer Daniels Midland Stock Performance

Archer Daniels Midland stock opened at $79.12 on Friday. Archer Daniels Midland Company has a twelve month low of $55.58 and a twelve month high of $88.46. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $38.13 billion, a P/E ratio of 21.68 and a beta of 0.62. The stock’s 50 day moving average is $80.05 and its 200 day moving average is $75.73.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.35. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%.The business had revenue of $22.68 billion during the quarter, compared to analysts’ expectations of $22.75 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. On average, equities research analysts predict that Archer Daniels Midland Company will post 5.46 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be given 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, August 19th. Archer Daniels Midland’s payout ratio is currently 56.99%.

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.