Algert Global LLC Increases Position in Archer Daniels Midland Company $ADM

Algert Global LLC grew its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 1,455.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 104,678 shares of the company's stock after purchasing an additional 97,948 shares during the period. Algert Global LLC's holdings in Archer Daniels Midland were worth $7,997,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Archer Daniels Midland by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 59,180,117 shares of the company's stock worth $3,402,265,000 after acquiring an additional 536,265 shares during the last quarter. BlackRock Inc. purchased a new stake in Archer Daniels Midland during the 2nd quarter valued at about $3,409,089,000. Charles Schwab Investment Management Inc. increased its position in shares of Archer Daniels Midland by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,829,140 shares of the company's stock valued at $1,082,487,000 after acquiring an additional 449,815 shares in the last quarter. Dodge & Cox lifted its position in Archer Daniels Midland by 13.4% in the 4th quarter. Dodge & Cox now owns 17,084,645 shares of the company's stock valued at $982,196,000 after acquiring an additional 2,016,101 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Archer Daniels Midland by 0.9% during the 4th 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 last quarter. Institutional investors own 78.28% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Barclays boosted their price target on Archer Daniels Midland from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price objective on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an "underweight" rating in a report on Wednesday, May 6th. Zacks Research raised Archer Daniels Midland from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. Morgan Stanley upgraded shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $60.00 to $79.00 in a research note on Wednesday, August 5th. Finally, Wall Street Zen lowered shares of Archer Daniels Midland from a "strong-buy" rating to a "buy" rating in a research note on Sunday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Archer Daniels Midland has an average rating of "Hold" and an average price target of $79.67.

Archer Daniels Midland Price Performance

NYSE ADM opened at $80.19 on Thursday. The business's fifty day moving average is $79.97 and its 200 day moving average is $75.64. Archer Daniels Midland Company has a fifty-two week low of $55.58 and a fifty-two 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 company 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 data on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.49 by $0.35. The firm had revenue of $22.68 billion for 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 for the quarter was up 7.2% compared to the same quarter last year. During the same quarter 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. Sell-side analysts predict that Archer Daniels Midland Company will post 5.46 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.08 annualized dividend and a yield of 2.6%. Archer Daniels Midland's payout ratio is currently 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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