B. Metzler seel. Sohn & Co. AG purchased a new stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,199 shares of the company's stock, valued at approximately $3,147,000.
Other hedge funds have also modified their holdings of the company. TrinityBridge Ltd acquired a new position in shares of Archer Daniels Midland during the 2nd quarter worth approximately $69,000. Silvant Capital Management LLC purchased a new stake in Archer Daniels Midland in the 2nd quarter valued at approximately $47,000. MJP Associates Inc. ADV acquired a new stake in Archer Daniels Midland during the 2nd quarter valued at $287,000. Westport Asset Management Inc. acquired a new stake in Archer Daniels Midland during the 2nd quarter valued at $573,000. Finally, Asahi Life Asset Management CO. LTD. purchased a new position in Archer Daniels Midland during the second quarter worth $398,000. 78.28% of the stock is owned by hedge funds and other institutional investors.
Archer Daniels Midland Trading Down 2.0%
Shares of ADM opened at $80.10 on Friday. Archer Daniels Midland Company has a twelve month low of $55.58 and a twelve month high of $88.46. The firm has a market capitalization of $38.60 billion, a P/E ratio of 21.95 and a beta of 0.62. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The stock's fifty day simple moving average is $79.89 and its 200 day simple moving average is $75.33.
Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. On average, equities research analysts forecast that Archer Daniels Midland Company will post 5.46 earnings per share for the current year.
Archer Daniels Midland Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.52 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.6%. Archer Daniels Midland's payout ratio is presently 56.99%.
Analysts Set New Price Targets
A number of analysts recently commented on the company. Weiss Ratings raised Archer Daniels Midland from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 5th. Wall Street Zen downgraded shares of Archer Daniels Midland from a "strong-buy" rating to a "buy" rating in a research note on Sunday. JPMorgan Chase & Co. upped their target price on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the company an "underweight" rating in a report on Wednesday, May 6th. UBS Group raised their price target on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, June 15th. Finally, Morgan Stanley raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $60.00 to $79.00 in a research 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 given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $79.67.
Get Our Latest Analysis on ADM
Archer Daniels Midland Company Profile
(
Free Report)
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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