1,667,143 Shares in Archer Daniels Midland Company $ADM Bought by Caisse de depot et placement du Quebec

Key Points

• Caisse de dépôt et placement du Québec acquired 1.67 million ADM shares worth approximately $127.4 million, giving it a 0.35% stake. Institutional investors collectively own 78.28% of the company.
• ADM reported quarterly earnings of $1.84 per share, beating analysts’ $1.49 estimate, while revenue reached $22.68 billion, up 7.2% year over year but slightly below expectations.
• ADM declared a quarterly dividend of $0.52 per share, equivalent to $2.08 annually and a 2.6% yield. Analysts maintain a consensus “Hold” rating with a $79.67 price target.

Caisse de depot et placement du Quebec bought a new stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,667,143 shares of the company's stock, valued at approximately $127,370,000. Caisse de depot et placement du Quebec owned 0.35% of Archer Daniels Midland at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Kelleher Financial Advisors bought a new position in shares of Archer Daniels Midland during the 2nd quarter valued at about $25,000. Motiv8 Investments LLC acquired a new position in shares of Archer Daniels Midland in the 4th quarter valued at approximately $26,000. Sankala Group LLC bought a new stake in Archer Daniels Midland during the 4th quarter worth approximately $28,000. Nalls Sherbakoff Group LLC acquired a new stake in Archer Daniels Midland during the 4th quarter worth approximately $29,000. Finally, Global Trust Asset Management LLC bought a new position in Archer Daniels Midland in the first quarter valued at approximately $29,000. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Stock Performance

ADM opened at $80.19 on Thursday. The business's 50-day simple moving average is $79.97 and its 200 day simple moving average is $75.64. Archer Daniels Midland Company has a 52-week low of $55.58 and a 52-week high of $88.46. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.39. The firm has a market capitalization of $38.65 billion, a PE ratio of 21.97 and a beta of 0.62.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share 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 the consensus estimate of $22.75 billion. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%.The business's revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. As a group, sell-side 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.08 annualized dividend and a dividend yield of 2.6%. Archer Daniels Midland's dividend payout ratio (DPR) is currently 56.99%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Archer Daniels Midland from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 6th. Wall Street Zen cut shares of Archer Daniels Midland from a "strong-buy" rating to a "buy" rating in a research report on Sunday. UBS Group upped their target price on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, June 15th. Morgan Stanley upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $60.00 to $79.00 in a report on Wednesday, August 5th. Finally, Barclays lifted their price target 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 research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $79.67.

Archer Daniels Midland 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.

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.

Add As Preferred Source