Principal Financial Group Inc. Buys 33,129 Shares of Archer Daniels Midland Company $ADM

Principal Financial Group Inc. grew its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 5.7% during the third quarter, Holdings Channel reports. The fund owned 609,302 shares of the company’s stock after purchasing an additional 33,129 shares during the period. Principal Financial Group Inc.’s holdings in Archer Daniels Midland were worth $36,400,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. State Street Corp lifted its position in Archer Daniels Midland by 0.7% during the second quarter. State Street Corp now owns 34,617,404 shares of the company’s stock valued at $1,827,107,000 after buying an additional 223,716 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Archer Daniels Midland by 3.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 18,076,118 shares of the company’s stock valued at $954,058,000 after acquiring an additional 620,794 shares during the period. Geode Capital Management LLC boosted its stake in Archer Daniels Midland by 2.3% during the second quarter. Geode Capital Management LLC now owns 12,457,546 shares of the company’s stock worth $654,772,000 after acquiring an additional 283,207 shares in the last quarter. Dodge & Cox purchased a new stake in Archer Daniels Midland in the second quarter worth about $345,689,000. Finally, Norges Bank bought a new position in shares of Archer Daniels Midland during the second quarter valued at approximately $340,247,000. 78.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ADM has been the topic of a number of analyst reports. BMO Capital Markets reissued a “market perform” rating and issued a $63.00 price target on shares of Archer Daniels Midland in a research report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, January 21st. Zacks Research raised Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. lifted their price target on Archer Daniels Midland from $60.00 to $61.00 and gave the stock an “underweight” rating in a research report on Wednesday. Finally, UBS Group reissued a “buy” rating on shares of Archer Daniels Midland in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $57.00.

Archer Daniels Midland Trading Down 2.8%

Archer Daniels Midland stock opened at $65.43 on Friday. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $69.75. The business’s fifty day moving average is $61.76 and its 200 day moving average is $60.55. The stock has a market capitalization of $31.44 billion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 4.83 and a beta of 0.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 11.20 and a quick ratio of 0.92.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Tuesday, February 3rd. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. The business had revenue of $18.56 billion during the quarter, compared to analyst estimates of $21.03 billion. Archer Daniels Midland had a return on equity of 7.39% and a net margin of 1.34%.Archer Daniels Midland’s revenue was down 13.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.14 EPS. Archer Daniels Midland has set its FY 2026 guidance at 3.600-4.250 EPS. On average, sell-side analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.52 per share. The ex-dividend date is Tuesday, February 17th. This represents a $2.08 dividend on an annualized basis and a yield of 3.2%. This is a boost from Archer Daniels Midland’s previous quarterly dividend of $0.51. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 93.69%.

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.