Baird Financial Group Inc. Acquires 85,837 Shares of Archer Daniels Midland Company $ADM

Key Points

• Baird Financial Group increased its ADM stake by 26.5% in the second quarter, purchasing 85,837 additional shares and bringing its holdings to 410,180 shares valued at approximately $31.3 million.
• Institutional ownership remains significant at 78.28%, with BlackRock, California State Teachers Retirement System and other large investors making substantial additions to their positions.
• ADM exceeded quarterly earnings expectations with EPS of $1.84 versus the $1.49 consensus, while revenue rose 7.2% year over year. The company also maintains a $0.52 quarterly dividend, equal to a 2.4% annualized yield.

Baird Financial Group Inc. boosted its stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 26.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 410,180 shares of the company's stock after buying an additional 85,837 shares during the period. Baird Financial Group Inc. owned 0.09% of Archer Daniels Midland worth $31,338,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. purchased a new position in Archer Daniels Midland in the second quarter valued at about $3,409,089,000. California State Teachers Retirement System lifted its position in shares of Archer Daniels Midland by 7,551.0% during the second quarter. California State Teachers Retirement System now owns 42,784,458 shares of the company's stock valued at $3,268,733,000 after buying an additional 42,225,256 shares during the last quarter. Norges Bank bought a new stake in shares of Archer Daniels Midland in the 4th quarter valued at about $402,743,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Archer Daniels Midland by 3,379.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,761,397 shares of the company's stock worth $316,525,000 after buying an additional 5,595,801 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Archer Daniels Midland by 831.3% during the 4th quarter. Victory Capital Management Inc. now owns 5,592,030 shares of the company's stock worth $321,486,000 after acquiring an additional 4,991,550 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer Daniels Midland Price Performance

Shares of NYSE:ADM opened at $86.81 on Friday. Archer Daniels Midland Company has a twelve month low of $55.58 and a twelve 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. The company has a market cap of $41.84 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 2.64 and a beta of 0.62. The company's 50 day moving average is $81.70 and its 200 day moving average is $76.85.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.49 by $0.35. The business had revenue of $22.68 billion during the quarter, compared to analysts' expectations of $22.75 billion. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The business's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 EPS. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. On average, sell-side analysts forecast that Archer Daniels Midland Company will post 5.46 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The business 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 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, August 19th. Archer Daniels Midland's payout ratio is 56.99%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Barclays raised 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. Morgan Stanley upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $60.00 to $79.00 in a research note on Wednesday, August 5th. Weiss Ratings raised Archer Daniels Midland from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 5th. UBS Group increased their price target on Archer Daniels Midland from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, June 15th. Finally, Zacks Research raised Archer Daniels Midland from a "hold" rating to a "strong-buy" rating in a 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 given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $79.67.

Archer Daniels Midland Company Profile

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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