Bank of Nova Scotia Purchases Shares of 388,350 Archer Daniels Midland Company $ADM

Key Points

• Bank of Nova Scotia acquired 388,350 ADM shares worth approximately $29.7 million in the second quarter, giving it a 0.08% stake. Institutional investors collectively own 78.28% of Archer Daniels Midland.
• ADM reported quarterly EPS of $1.84, beating analyst expectations of $1.49, while revenue rose 7.2% year over year to $22.68 billion. The company guided to fiscal-year 2026 EPS of $5.15–$5.60.
• ADM declared a quarterly dividend of $0.52 per share, equivalent to an annualized $2.08 and a 2.6% yield. Analysts’ average rating remains “Hold,” with an average price target of $79.67 versus the stock’s reported $80.10 price.

Bank of Nova Scotia purchased a new position in Archer Daniels Midland Company (NYSE:ADM - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 388,350 shares of the company's stock, valued at approximately $29,670,000. Bank of Nova Scotia owned 0.08% of Archer Daniels Midland at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Compass Financial Management LLC bought a new stake in Archer Daniels Midland during the second quarter valued at about $133,000. Elevation Point Wealth Partners LLC bought a new position in shares of Archer Daniels Midland in the second quarter worth about $345,000. Daiichi Life Insurance Co. Ltd. bought a new position in shares of Archer Daniels Midland in the second quarter worth about $2,101,000. Commerce Bank purchased a new stake in shares of Archer Daniels Midland during the second quarter worth about $3,528,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Archer Daniels Midland during the 2nd quarter valued at approximately $10,704,000. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Trading Down 0.2%

Shares of NYSE ADM opened at $80.10 on Monday. Archer Daniels Midland Company has a fifty-two week low of $55.58 and a fifty-two week high of $88.46. The company has a market cap of $38.60 billion, a price-to-earnings ratio of 21.95 and a beta of 0.62. The business's 50 day moving average price is $79.89 and its 200-day moving average price is $75.38. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.39.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its 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 analyst estimates 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 revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. On average, sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend 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 dividend payout ratio is presently 56.99%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ADM. UBS Group raised their price objective on Archer Daniels Midland from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, June 15th. JPMorgan Chase & Co. boosted their target price on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 6th. Morgan Stanley raised Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $60.00 to $79.00 in a research note on Wednesday, August 5th. Barclays raised their price target on 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, Zacks Research raised shares of 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 assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $79.67.

Archer Daniels Midland Company Profile

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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