Connor Clark & Lunn Investment Management Ltd. Invests $2.88 Million in Archer Daniels Midland Company $ADM

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Archer Daniels Midland Company (NYSE:ADM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 37,656 shares of the company’s stock, valued at approximately $2,877,000.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Archer Daniels Midland during the second quarter worth approximately $3,409,089,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Archer Daniels Midland by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,829,140 shares of the company’s stock valued at $1,082,487,000 after buying an additional 449,815 shares during the period. Dodge & Cox grew its position in Archer Daniels Midland by 13.4% during the fourth quarter. Dodge & Cox now owns 17,084,645 shares of the company’s stock worth $982,196,000 after buying an additional 2,016,101 shares in the last quarter. Geode Capital Management LLC increased its stake in Archer Daniels Midland by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 12,628,065 shares of the company’s stock worth $723,175,000 after acquiring an additional 109,556 shares during the period. Finally, Northern Trust Corp raised its holdings in Archer Daniels Midland by 5.7% in the 4th quarter. Northern Trust Corp now owns 11,431,704 shares of the company’s stock valued at $657,209,000 after acquiring an additional 612,974 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Archer Daniels Midland Stock Up 2.9%

ADM stock opened at $81.43 on Friday. The stock has a market capitalization of $39.25 billion, a P/E ratio of 22.31 and a beta of 0.62. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. Archer Daniels Midland Company has a 12 month low of $55.58 and a 12 month high of $88.46. The firm has a 50-day moving average price of $80.18 and a 200-day moving average price of $75.77.

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

Archer Daniels Midland Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis 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 presently 56.99%.

Analysts Set New Price Targets

ADM has been the topic of a number of recent analyst reports. Wall Street Zen cut Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 23rd. Morgan Stanley raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $60.00 to $79.00 in a research report on Wednesday, August 5th. JPMorgan Chase & Co. raised their target price on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded shares of Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Finally, Barclays boosted their price objective on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 5th. One 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $79.67.

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.