607,309 Shares in Archer Daniels Midland Company $ADM Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in Archer Daniels Midland Company (NYSE:ADM) in the 3rd quarter, Holdings Channel reports. The firm acquired 607,309 shares of the company’s stock, valued at approximately $48,208,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADM. Triumph Capital Management raised its position in Archer Daniels Midland by 62.2% in the third quarter. Triumph Capital Management now owns 313 shares of the company’s stock valued at $25,000 after purchasing an additional 120 shares during the period. CFS Investment Advisory Services LLC grew its holdings in shares of Archer Daniels Midland by 0.7% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 17,871 shares of the company’s stock worth $1,469,000 after purchasing an additional 127 shares during the period. MGO One Seven LLC grew its holdings in shares of Archer Daniels Midland by 0.9% during the 3rd quarter. MGO One Seven LLC now owns 17,320 shares of the company’s stock worth $1,375,000 after purchasing an additional 156 shares during the period. QRG Capital Management Inc. grew its holdings in shares of Archer Daniels Midland by 0.8% during the 1st quarter. QRG Capital Management Inc. now owns 20,648 shares of the company’s stock worth $1,501,000 after purchasing an additional 164 shares during the period. Finally, Midwest Trust Co increased its position in shares of Archer Daniels Midland by 4.3% during the 1st quarter. Midwest Trust Co now owns 4,009 shares of the company’s stock worth $291,000 after purchasing an additional 167 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. William Blair began coverage on shares of Archer Daniels Midland in a report on Tuesday, September 15th. They issued a “buy” rating on the stock. BMO Capital Markets lifted their price target on shares of Archer Daniels Midland from $77.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, August 5th. Wall Street Zen raised shares of Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Stephens upped their price objective on shares of Archer Daniels Midland from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Finally, Barclays increased their price objective on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Archer Daniels Midland presently has a consensus rating of “Hold” and an average target price of $81.75.

Archer Daniels Midland Stock Up 0.1%

Shares of Archer Daniels Midland stock opened at $76.97 on Monday. The company has a market capitalization of $37.10 billion, a P/E ratio of 21.09, a P/E/G ratio of 2.32 and a beta of 0.63. The company has a 50 day moving average of $81.87 and a 200 day moving average of $76.39. Archer Daniels Midland Company has a 52-week low of $55.58 and a 52-week high of $88.75. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.27.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.35. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The company had revenue of $22.68 billion for the quarter, compared to analysts’ expectations of $22.75 billion. During the same quarter last year, the company earned $0.93 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. As a group, research analysts forecast that Archer Daniels Midland Company will post 5.52 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, August 19th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 56.99%.

About Archer Daniels Midland

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company. Founded in 1902, ADM connects farmers and producers with markets worldwide by sourcing, transporting, storing and processing crops and other agricultural commodities.

The company processes oilseeds, corn, wheat and other crops into ingredients and products used in food and beverages, animal nutrition, renewable fuels and industrial applications. Its offerings include vegetable oils, protein meals, sweeteners, starches, flour, food ingredients, animal feed ingredients and biofuels, as well as specialty ingredients developed through its nutrition businesses.

ADM operates an integrated network of agricultural facilities, processing plants, transportation assets and commercial offices serving customers across North America, South America, Europe, Asia and other international markets.