Royal London Asset Management Ltd. Reduces Stock Position in Archer Daniels Midland Company $ADM

Royal London Asset Management Ltd. reduced its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 3.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 213,881 shares of the company’s stock after selling 8,223 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Archer Daniels Midland were worth $16,341,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Woodline Partners LP boosted its holdings in Archer Daniels Midland by 40.8% in the first quarter. Woodline Partners LP now owns 40,429 shares of the company’s stock valued at $1,941,000 after purchasing an additional 11,715 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Archer Daniels Midland by 5.3% during the second quarter. Daiwa Securities Group Inc. now owns 83,983 shares of the company’s stock worth $4,433,000 after purchasing an additional 4,224 shares in the last quarter. Sei Investments Co. lifted its position in shares of Archer Daniels Midland by 40.0% during the 2nd quarter. Sei Investments Co. now owns 191,633 shares of the company’s stock worth $10,116,000 after buying an additional 54,746 shares during the last quarter. Glenview Trust co acquired a new position in shares of Archer Daniels Midland in the 2nd quarter valued at $203,000. Finally, Treasurer of the State of North Carolina grew its position in shares of Archer Daniels Midland by 2.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 223,280 shares of the company’s stock valued at $11,785,000 after buying an additional 5,051 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Stock Down 0.1%

Shares of Archer Daniels Midland stock opened at $81.43 on Monday. Archer Daniels Midland Company has a one year low of $55.58 and a one year high of $88.46. The company has a market cap of $39.25 billion, a P/E ratio of 22.31 and a beta of 0.62. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.39. The firm has a fifty day moving average of $80.18 and a two-hundred day moving average of $75.83.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.35. The business 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 business’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. On average, analysts forecast that Archer Daniels Midland Company will post 5.46 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ADM shares. Barclays boosted their price target 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. UBS Group boosted their target price on Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, June 15th. Weiss Ratings upgraded Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. upped their price target on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.