Focused Alpha LLC acquired a new position in Archer Daniels Midland Company (NYSE:ADM – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,426 shares of the company’s stock, valued at approximately $644,000.
A number of other hedge funds also recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its stake in Archer Daniels Midland by 0.6% during the 4th quarter. Quadrant Capital Group LLC now owns 23,166 shares of the company’s stock worth $1,332,000 after acquiring an additional 146 shares during the period. Atlantic Union Bankshares Corp lifted its holdings in Archer Daniels Midland by 5.1% during the fourth quarter. Atlantic Union Bankshares Corp now owns 3,127 shares of the company’s stock valued at $180,000 after purchasing an additional 153 shares in the last quarter. Summit Financial LLC boosted its position in shares of Archer Daniels Midland by 0.9% in the fourth quarter. Summit Financial LLC now owns 16,947 shares of the company’s stock worth $974,000 after purchasing an additional 153 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of Archer Daniels Midland by 2.6% in the fourth quarter. Checchi Capital Advisers LLC now owns 6,436 shares of the company’s stock worth $370,000 after purchasing an additional 161 shares in the last quarter. Finally, QRG Capital Management Inc. raised its position 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 valued at $1,501,000 after purchasing an additional 164 shares during the period. 78.28% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on ADM shares. Weiss Ratings raised shares of Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Zacks Research raised Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. boosted 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. Wall Street Zen raised Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Barclays lifted their target price on Archer Daniels Midland from $85.00 to $90.00 and gave the company 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 issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $79.67.
Archer Daniels Midland Stock Performance
Shares of NYSE:ADM opened at $81.32 on Tuesday. The stock has a market capitalization of $39.19 billion, a P/E ratio of 22.28 and a beta of 0.62. Archer Daniels Midland Company has a 52 week low of $55.58 and a 52 week high of $88.46. The firm has a fifty day simple moving average of $79.80 and a two-hundred day simple moving average of $74.99. 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 – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping 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 firm 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 EPS. The company’s quarterly revenue 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. On average, analysts expect that Archer Daniels Midland Company will post 5.46 earnings per share for the current fiscal year.
Archer Daniels Midland Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.6%. Archer Daniels Midland’s dividend payout ratio is currently 56.99%.
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.
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