Archer Daniels Midland Company $ADM Shares Purchased by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP increased its ADM stake by 88.2% in the second quarter, purchasing 19,953 additional shares and bringing its holdings to 42,582 shares valued at approximately $3.25 million.
• Analyst sentiment remains mixed, with ADM receiving an average “Hold” rating and a consensus price target of $79.67, below the reported share price of $86.57.
• ADM reported quarterly EPS of $1.84, exceeding estimates of $1.49, while revenue rose 7.2% year over year to $22.68 billion. The company also maintains a quarterly dividend of $0.52 per share, equivalent to a 2.4% annual yield.

Engineers Gate Manager LP lifted its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 88.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,582 shares of the company's stock after buying an additional 19,953 shares during the period. Engineers Gate Manager LP's holdings in Archer Daniels Midland were worth $3,253,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Kelleher Financial Advisors acquired a new stake in Archer Daniels Midland during the 2nd quarter valued at $25,000. Motiv8 Investments LLC acquired a new position in Archer Daniels Midland in the 4th quarter worth $26,000. Orion Capital Management LLC acquired a new position in Archer Daniels Midland in the 2nd quarter worth $27,000. Sankala Group LLC purchased a new position in Archer Daniels Midland in the 4th quarter valued at about $28,000. Finally, Nalls Sherbakoff Group LLC acquired a new stake in shares of Archer Daniels Midland during the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 78.28% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Archer Daniels Midland from a "strong-buy" rating to a "buy" rating in a report on Tuesday, September 8th. UBS Group lifted their price objective on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, June 15th. Barclays boosted their target price on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded shares of Archer Daniels Midland from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 5th. Finally, Morgan Stanley raised Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $60.00 to $79.00 in a report on Wednesday, August 5th. One 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 issued a Sell rating to the company. According to MarketBeat.com, Archer Daniels Midland has an average rating of "Hold" and a consensus target price of $79.67.

Archer Daniels Midland Stock Down 0.2%

Archer Daniels Midland stock opened at $86.57 on Monday. 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 Company has a 1-year low of $55.58 and a 1-year high of $88.75. The firm's fifty day simple moving average is $81.89 and its 200-day simple moving average is $76.98. The company has a market capitalization of $41.72 billion, a P/E ratio of 23.72, a P/E/G ratio of 2.65 and a beta of 0.62.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.35. The firm had revenue of $22.68 billion during 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 firm's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 EPS. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. Sell-side analysts forecast 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 was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, August 19th. Archer Daniels Midland's dividend payout ratio (DPR) is presently 56.99%.

About Archer Daniels Midland

Archer Daniels Midland Company NYSE: ADM is a global agricultural origination and processing company. Founded in 1902, ADM connects farmers and agricultural markets with food, beverage, animal nutrition and industrial customers by sourcing, transporting, storing and processing crops and other agricultural commodities.

The company's operations include the processing of oilseeds such as soybeans, canola and sunflower seeds into vegetable oils, protein meals and other ingredients. ADM also produces corn and wheat-based sweeteners, starches, flours, fibers and other carbohydrate products, along with plant-based proteins, flavors, emulsifiers and specialty ingredients used in food and beverage manufacturing.

ADM serves customers in markets around the world through its agricultural services, commodity merchandising, transportation, processing and storage networks.

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