2,357,278 Shares in Archer Daniels Midland Company $ADM Bought by Bank of America Corp DE

Key Points

• Bank of America acquired 2.36 million ADM shares during the second quarter, worth approximately $180.1 million and representing a 0.49% stake. Institutional investors and hedge funds collectively own 78.28% of the company.
• ADM reported quarterly EPS of $1.84, beating the $1.49 consensus estimate, while revenue reached $22.68 billion and rose 7.2% year over year. The company’s fiscal 2026 EPS guidance is $5.15–$5.60.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $79.67, below the stock’s reported $88.09 opening price. ADM also maintains a quarterly dividend of $0.52 per share, yielding about 2.4% annually.

Bank of America Corp DE purchased a new position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,357,278 shares of the company's stock, valued at approximately $180,096,000. Bank of America Corp DE owned 0.49% of Archer Daniels Midland as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new stake in Archer Daniels Midland in the second quarter valued at $3,409,089,000. Geode Capital Management LLC grew its position in shares of Archer Daniels Midland by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 12,628,065 shares of the company's stock valued at $723,175,000 after purchasing an additional 109,556 shares during the period. Norges Bank acquired a new stake in shares of Archer Daniels Midland in the fourth quarter worth approximately $402,743,000. Victory Capital Management Inc. increased its position in shares of 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 worth $321,486,000 after purchasing an additional 4,991,550 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in Archer Daniels Midland by 4.1% in the 4th quarter. Pacer Advisors Inc. now owns 4,585,316 shares of the company's stock valued at $263,610,000 after purchasing an additional 179,889 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADM has been the subject of a number of research reports. Wall Street Zen lowered shares of Archer Daniels Midland from a "strong-buy" rating to a "buy" rating in a report on Tuesday, September 8th. UBS Group boosted their price target on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, June 15th. Zacks Research upgraded shares of Archer Daniels Midland from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 6th. Morgan Stanley upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $60.00 to $79.00 in a report on Wednesday, August 5th. Finally, Barclays increased their price target on Archer Daniels Midland from $85.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Archer Daniels Midland currently has a consensus rating of "Hold" and an average target price of $79.67.

Archer Daniels Midland Stock Performance

Archer Daniels Midland stock opened at $88.09 on Friday. The firm has a 50 day simple moving average of $82.51 and a 200-day simple moving average of $77.51. The stock has a market cap of $42.46 billion, a price-to-earnings ratio of 24.13, a price-to-earnings-growth ratio of 2.59 and a beta of 0.62. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.39 and a quick ratio of 0.86. Archer Daniels Midland Company has a 1-year low of $55.58 and a 1-year high of $88.75.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.35. The firm had revenue of $22.68 billion for the quarter, compared to analysts' expectations of $22.75 billion. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%.The firm's quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 earnings per share. 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 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th were issued a dividend of $0.52 per share. The ex-dividend date was Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.4%. Archer Daniels Midland's dividend payout ratio is currently 56.99%.

Archer Daniels Midland Profile

Archer Daniels Midland Company NYSE: ADM is a global agricultural origination and processing company. Founded in 1902, ADM connects farmers and agricultural markets with food, beverage, animal nutrition and industrial customers by sourcing, transporting, storing and processing crops and other agricultural commodities.

The company's operations include the processing of oilseeds such as soybeans, canola and sunflower seeds into vegetable oils, protein meals and other ingredients. ADM also produces corn and wheat-based sweeteners, starches, flours, fibers and other carbohydrate products, along with plant-based proteins, flavors, emulsifiers and specialty ingredients used in food and beverage manufacturing.

ADM serves customers in markets around the world through its agricultural services, commodity merchandising, transportation, processing and storage networks.

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