ABN AMRO Bank N.V. Acquires Shares of 177,760 Archer Daniels Midland Company $ADM

Key Points

• ABN AMRO Bank acquired 177,760 shares of Archer Daniels Midland during the second quarter, valued at approximately $13.6 million. Institutional investors collectively own 78.28% of ADM’s outstanding shares.
• Analyst sentiment improved, with Zacks Research and Wall Street Zen upgrading ADM to “strong buy” and UBS raising its price target to $95. However, the broader analyst consensus remains “Hold”, with an average target price of $79.67.
• ADM reported quarterly EPS of $1.84, beating estimates of $1.49, while revenue rose 7.2% year over year to $22.68 billion. The company also declared a quarterly dividend of $0.52 per share, representing a 2.6% annualized yield.

ABN AMRO Bank N.V. bought a new position in Archer Daniels Midland Company (NYSE:ADM - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 177,760 shares of the company's stock, valued at approximately $13,597,000.

Several other institutional investors and hedge funds have also made changes to their positions in ADM. Quadrant Capital Group LLC increased its position in shares of Archer Daniels Midland by 0.6% during the fourth quarter. Quadrant Capital Group LLC now owns 23,166 shares of the company's stock worth $1,332,000 after acquiring an additional 146 shares during the period. Atlantic Union Bankshares Corp boosted its holdings in shares of Archer Daniels Midland by 5.1% in the fourth quarter. Atlantic Union Bankshares Corp now owns 3,127 shares of the company's stock valued at $180,000 after purchasing an additional 153 shares during the period. Summit Financial LLC boosted its holdings in shares of Archer Daniels Midland by 0.9% in the fourth quarter. Summit Financial LLC now owns 16,947 shares of the company's stock valued at $974,000 after purchasing an additional 153 shares during the period. Checchi Capital Advisers LLC grew its stake in Archer Daniels Midland by 2.6% in the fourth quarter. Checchi Capital Advisers LLC now owns 6,436 shares of the company's stock worth $370,000 after purchasing an additional 161 shares in the last quarter. Finally, QRG Capital Management Inc. increased its holdings in Archer Daniels Midland by 0.8% during the 1st quarter. QRG Capital Management Inc. now owns 20,648 shares of the company's stock worth $1,501,000 after purchasing an additional 164 shares during the period. 78.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Archer Daniels Midland Price Performance

ADM opened at $80.44 on Friday. The firm has a market capitalization of $38.77 billion, a PE ratio of 22.04 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. The business's 50-day moving average is $79.78 and its two-hundred day moving average is $74.84. Archer Daniels Midland Company has a 1 year low of $55.58 and a 1 year high of $88.46.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 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 business had revenue of $22.68 billion during the quarter, compared to analyst estimates of $22.75 billion. During the same period in the prior year, the firm posted $0.93 earnings per share. The company's quarterly revenue was up 7.2% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. Research analysts anticipate that Archer Daniels Midland Company will post 5.46 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

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 given a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. Archer Daniels Midland's dividend payout ratio is presently 56.99%.

About Archer Daniels Midland

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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