Bank of New York Mellon Corp Takes Position in Archer Daniels Midland Company $ADM

Bank of New York Mellon Corp acquired a new stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,369,035 shares of the company's stock, valued at approximately $257,394,000. Bank of New York Mellon Corp owned 0.70% of Archer Daniels Midland as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Kelleher Financial Advisors acquired a new stake in shares of Archer Daniels Midland in the 2nd quarter valued at approximately $25,000. Motiv8 Investments LLC acquired a new position in Archer Daniels Midland during the fourth quarter worth $26,000. Sankala Group LLC acquired a new position in Archer Daniels Midland during the fourth quarter worth $28,000. Nalls Sherbakoff Group LLC purchased a new position in Archer Daniels Midland in the fourth quarter worth $29,000. Finally, Global Trust Asset Management LLC acquired a new stake in Archer Daniels Midland in the first quarter valued at $29,000. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Price Performance

Archer Daniels Midland stock opened at $80.10 on Friday. The firm has a market capitalization of $38.60 billion, a PE ratio of 21.95 and a beta of 0.62. Archer Daniels Midland Company has a 52 week low of $55.58 and a 52 week high of $88.46. The firm's 50-day simple moving average is $79.89 and its 200 day simple moving average is $75.33. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.27.

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 (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 analysts' expectations of $22.75 billion. During the same quarter in the previous year, the business posted $0.93 earnings per share. The firm's quarterly 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. On average, equities research analysts predict that Archer Daniels Midland Company will post 5.46 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business 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 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Wednesday, August 19th. Archer Daniels Midland's payout ratio is currently 56.99%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Zacks Research raised shares of Archer Daniels Midland from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 6th. Morgan Stanley raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $60.00 to $79.00 in a report on Wednesday, August 5th. Wall Street Zen lowered shares of Archer Daniels Midland from a "strong-buy" rating to a "buy" rating in a research report on Sunday. JPMorgan Chase & Co. increased 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. Finally, Weiss Ratings raised Archer Daniels Midland from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 5th. 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 given a Sell rating to the company. According to MarketBeat.com, Archer Daniels Midland currently has an average rating of "Hold" and a consensus target price of $79.67.

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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