Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Archer Daniels Midland Company (NYSE:ADM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,239,306 shares of the company's stock, valued at approximately $94,683,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.26% of Archer Daniels Midland at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Woodline Partners LP lifted its holdings in shares of Archer Daniels Midland by 40.8% in the first quarter. Woodline Partners LP now owns 40,429 shares of the company's stock worth $1,941,000 after buying an additional 11,715 shares in the last quarter. Daiwa Securities Group Inc. grew its stake 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 valued at $4,433,000 after acquiring an additional 4,224 shares in the last quarter. Sei Investments Co. increased its holdings in Archer Daniels Midland by 40.0% in the 2nd quarter. Sei Investments Co. now owns 191,633 shares of the company's stock valued at $10,116,000 after acquiring an additional 54,746 shares during the last quarter. Glenview Trust co bought a new stake in Archer Daniels Midland in the 2nd quarter valued at $203,000. Finally, Treasurer of the State of North Carolina lifted its stake in 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 worth $11,785,000 after purchasing an additional 5,051 shares in the last quarter. Institutional investors own 78.28% of the company's stock.
Wall Street Analyst Weigh In
ADM has been the subject of several research reports. Zacks Research raised shares of Archer Daniels Midland from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 6th. JPMorgan Chase & Co. boosted their target price on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 6th. Weiss Ratings raised Archer Daniels Midland from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 5th. Morgan Stanley upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $60.00 to $79.00 in a report on Wednesday, August 5th. Finally, UBS Group lifted their price objective on Archer Daniels Midland from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Archer Daniels Midland has an average rating of "Hold" and an average price target of $79.67.
Check Out Our Latest Report on ADM
Archer Daniels Midland Stock Performance
Shares of NYSE:ADM opened at $82.54 on Wednesday. The firm has a fifty day simple moving average of $79.85 and a two-hundred day simple moving average of $75.10. Archer Daniels Midland Company has a 52 week low of $55.58 and a 52 week high of $88.46. 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 has a market capitalization of $39.78 billion, a P/E ratio of 22.61 and a beta of 0.62.
Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $22.68 billion for the quarter, compared to analysts' expectations of $22.75 billion. During the same period in the prior year, the company earned $0.93 EPS. The business's revenue was up 7.2% compared to the same quarter last year. 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 Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.52 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a yield of 2.5%. Archer Daniels Midland's dividend payout ratio is 56.99%.
Archer Daniels Midland Company Profile
(
Free Report)
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.
Featured Articles
Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer Daniels Midland Company (NYSE:ADM - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Archer Daniels Midland, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Archer Daniels Midland wasn't on the list.
While Archer Daniels Midland currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
