Amundi Sells 57,800 Shares of Archer Daniels Midland Company $ADM

Amundi cut its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 3.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,765,107 shares of the company's stock after selling 57,800 shares during the period. Amundi owned 0.37% of Archer Daniels Midland worth $134,854,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Groupe la Francaise purchased a new position in shares of Archer Daniels Midland during the second quarter valued at about $4,400,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Archer Daniels Midland in the 2nd quarter worth approximately $24,911,000. California State Teachers Retirement System lifted its stake in shares of Archer Daniels Midland by 7,551.0% in the 2nd quarter. California State Teachers Retirement System now owns 42,784,458 shares of the company's stock valued at $3,268,733,000 after purchasing an additional 42,225,256 shares during the period. Ameritas Advisory Services LLC lifted its stake in shares of Archer Daniels Midland by 19.7% in the 2nd quarter. Ameritas Advisory Services LLC now owns 7,465 shares of the company's stock valued at $570,000 after purchasing an additional 1,227 shares during the period. Finally, Wedmont Private Capital boosted its position in shares of Archer Daniels Midland by 20.1% during the second quarter. Wedmont Private Capital now owns 3,918 shares of the company's stock valued at $315,000 after purchasing an additional 656 shares in the last quarter. Institutional investors own 78.28% of the company's stock.

Analysts Set New Price Targets

ADM has been the topic of a number of research reports. Weiss Ratings upgraded shares of Archer Daniels Midland from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 5th. Morgan Stanley upgraded shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $60.00 to $79.00 in a research note on Wednesday, August 5th. UBS Group boosted their price target on Archer Daniels Midland from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, June 15th. Barclays upped 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. Finally, Zacks Research raised Archer Daniels Midland from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Archer Daniels Midland currently has an average rating of "Hold" and a consensus price target of $79.67.

Archer Daniels Midland Price Performance

Shares of ADM opened at $84.51 on Wednesday. The company has a market capitalization of $40.73 billion, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 2.58 and a beta of 0.62. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average of $81.30 and a 200 day moving average of $76.59. Archer Daniels Midland Company has a twelve month low of $55.58 and a twelve month high of $88.46.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.35. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%.The business had revenue of $22.68 billion for the quarter, compared to analysts' expectations of $22.75 billion. During the same period in the prior year, the firm posted $0.93 EPS. The firm'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. As a group, equities 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 disclosed 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. This represents a $2.08 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Wednesday, August 19th. Archer Daniels Midland's dividend payout ratio is 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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