First National Bank of Omaha purchased a new stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,976 shares of the company's stock, valued at approximately $1,074,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Archer Daniels Midland during the 2nd quarter valued at about $3,409,089,000. Norges Bank bought a new stake in Archer Daniels Midland during the fourth quarter worth approximately $402,743,000. Northwestern Mutual Wealth Management Co. raised its position in Archer Daniels Midland by 3,379.2% during 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 purchasing an additional 5,595,801 shares during the period. Victory Capital Management Inc. raised its position in Archer Daniels Midland by 831.3% during the fourth quarter. Victory Capital Management Inc. now owns 5,592,030 shares of the company's stock valued at $321,486,000 after purchasing an additional 4,991,550 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Archer Daniels Midland in the 2nd quarter valued at approximately $257,394,000. 78.28% of the stock is owned by hedge funds and other institutional investors.
Archer Daniels Midland Stock Performance
ADM stock opened at $80.80 on Thursday. Archer Daniels Midland Company has a twelve month low of $55.58 and a twelve month high of $88.46. The firm has a market cap of $38.94 billion, a price-to-earnings ratio of 22.14 and a beta of 0.62. The business's fifty day simple moving average is $79.84 and its two-hundred day simple moving average is $75.19. 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 issued its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.49 by $0.35. The firm had revenue of $22.68 billion during the quarter, compared to analyst estimates of $22.75 billion. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The business's revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. Analysts predict that Archer Daniels Midland Company will post 5.46 earnings per share for the current year.
Archer Daniels Midland Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Wednesday, August 19th. Archer Daniels Midland's dividend payout ratio is currently 56.99%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on ADM. UBS Group boosted their target price on Archer Daniels Midland from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, June 15th. Morgan Stanley upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $60.00 to $79.00 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, August 15th. Zacks Research raised shares of Archer Daniels Midland from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an "underweight" rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Archer Daniels Midland currently has a consensus rating of "Hold" and an average price target of $79.67.
Read Our Latest Research Report on Archer Daniels Midland
About Archer Daniels Midland
(
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.
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