Artemis Investment Management LLP raised its holdings in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 182.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,263,198 shares of the company's stock after buying an additional 1,462,429 shares during the quarter. Archer Daniels Midland accounts for 1.4% of Artemis Investment Management LLP's investment portfolio, making the stock its 12th largest holding. Artemis Investment Management LLP owned about 0.47% of Archer Daniels Midland worth $179,653,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kelleher Financial Advisors bought a new position in shares of Archer Daniels Midland in the second quarter valued at $25,000. Orion Capital Management LLC bought a new stake in Archer Daniels Midland during the second quarter worth $27,000. Sankala Group LLC purchased a new position in shares of Archer Daniels Midland in the 4th quarter worth about $28,000. Nalls Sherbakoff Group LLC bought a new position in shares of Archer Daniels Midland during the 4th quarter valued at approximately $29,000. Finally, Global Trust Asset Management LLC bought a new stake in shares of Archer Daniels Midland in the 1st quarter worth approximately $29,000. 78.28% of the stock is owned by institutional investors.
Archer Daniels Midland Price Performance
Shares of NYSE ADM traded up $1.35 during midday trading on Thursday, hitting $82.69. 831,348 shares of the company's stock were exchanged, compared to its average volume of 3,780,207. The business's fifty day moving average price is $81.84 and its two-hundred day moving average price is $78.68. The company has a market cap of $39.85 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 2.52 and a beta of 0.64. Archer Daniels Midland Company has a 12-month low of $55.58 and a 12-month high of $88.75. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27.
Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $22.68 billion during the quarter, compared to the consensus estimate of $22.75 billion. During the same period in the previous year, the firm posted $0.93 EPS. The firm's revenue was up 7.2% compared to the same quarter last year. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. As a group, research analysts forecast that Archer Daniels Midland Company will post 5.45 EPS for the current fiscal year.
Archer Daniels Midland Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Wednesday, August 19th. Archer Daniels Midland's payout ratio is presently 56.99%.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on ADM. Zacks Research downgraded Archer Daniels Midland from a "strong-buy" rating to a "hold" rating in a research report on Monday. Morgan Stanley upgraded 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 lifted their price objective on Archer Daniels Midland from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, June 15th. Barclays upped their price objective 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. Finally, Weiss Ratings upgraded shares of Archer Daniels Midland from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $79.67.
Get Our Latest Research Report on ADM
About Archer Daniels Midland
(
Free Report)
Archer Daniels Midland Company NYSE: ADM is a global agricultural origination and processing company that converts crops and other plant-based materials into food, feed, fuel and industrial ingredients. The company sources, transports, stores and processes commodities such as corn, soybeans, wheat and oilseeds through an extensive network of elevators, processing facilities and transportation assets.
ADM's businesses include agricultural services and oilseeds, carbohydrate solutions, and nutrition.
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