Cibc World Market Inc. Makes New $13.19 Million Investment in Archer Daniels Midland Company $ADM

Cibc World Market Inc. acquired a new stake in Archer Daniels Midland Company (NYSE:ADM) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 172,692 shares of the company’s stock, valued at approximately $13,194,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADM. BlackRock Inc. bought a new position in Archer Daniels Midland during the 2nd quarter valued at $3,409,089,000. Norges Bank bought a new stake in shares of Archer Daniels Midland in the 4th quarter worth $402,743,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Archer Daniels Midland by 3,379.2% in the fourth 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 during the period. Victory Capital Management Inc. lifted its holdings in shares of Archer Daniels Midland by 831.3% in the fourth quarter. Victory Capital Management Inc. now owns 5,592,030 shares of the company’s stock valued at $321,486,000 after buying an additional 4,991,550 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in Archer Daniels Midland during the second quarter valued at about $257,394,000. Institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Stock Down 2.7%

Shares of Archer Daniels Midland stock opened at $78.13 on Tuesday. Archer Daniels Midland Company has a 12-month low of $55.58 and a 12-month high of $88.46. The firm has a market capitalization of $37.65 billion, a PE ratio of 21.40 and a beta of 0.62. 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 stock’s fifty day moving average is $79.87 and its 200-day moving average is $75.46.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results 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. The firm had revenue of $22.68 billion for the quarter, compared to analysts’ expectations of $22.75 billion. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%.Archer Daniels Midland’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $0.93 EPS. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. Equities analysts anticipate that Archer Daniels Midland Company will post 5.46 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The company also recently announced 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 2.7%. The ex-dividend date of this dividend is Wednesday, August 19th. Archer Daniels Midland’s dividend payout ratio (DPR) is 56.99%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ADM. Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $60.00 to $79.00 in a research report on Wednesday, August 5th. Barclays raised 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. JPMorgan Chase & Co. lifted their price objective on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research note 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. Finally, UBS Group increased their target price on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $79.67.

Archer Daniels Midland Company Profile

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.