74,515 Shares in Archer Daniels Midland Company $ADM Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp purchased a new stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 74,515 shares of the company's stock, valued at approximately $5,693,000.

Other large investors also recently made changes to their positions in the company. Kelleher Financial Advisors purchased a new stake in shares of Archer Daniels Midland in the second quarter valued at $25,000. Motiv8 Investments LLC purchased a new position in Archer Daniels Midland during the fourth quarter worth about $26,000. Sankala Group LLC purchased a new position in Archer Daniels Midland during the fourth quarter worth about $28,000. Nalls Sherbakoff Group LLC acquired a new stake in Archer Daniels Midland in the 4th quarter worth about $29,000. Finally, Global Trust Asset Management LLC purchased a new stake in Archer Daniels Midland in the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 78.28% of the company's stock.

Analysts Set New Price Targets

ADM has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Archer Daniels Midland from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 5th. 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 research report on Wednesday, May 6th. Wall Street Zen lowered shares of Archer Daniels Midland from a "strong-buy" rating to a "buy" rating in a research report on Sunday. UBS Group increased 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 note on Monday, June 15th. Finally, Barclays lifted their price target on shares of 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 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 issued a Sell rating to the company's stock. According to MarketBeat.com, Archer Daniels Midland currently has an average rating of "Hold" and an average price target of $79.67.

Archer Daniels Midland Trading Down 2.7%

Shares of ADM opened at $78.13 on Tuesday. Archer Daniels Midland Company has a 12 month low of $55.58 and a 12 month high of $88.46. The stock's 50-day moving average is $79.87 and its two-hundred day moving average is $75.46. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.39 and a quick ratio of 0.86. The stock has a market cap of $37.65 billion, a PE ratio of 21.40 and a beta of 0.62.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted 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 business had revenue of $22.68 billion during the quarter, compared to analyst estimates of $22.75 billion. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%.The company's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. Equities analysts forecast 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. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, August 19th. Archer Daniels Midland's payout ratio is presently 56.99%.

Archer Daniels Midland Company 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