BlackRock Inc. Acquires Shares of 44,621,586 Archer Daniels Midland Company $ADM

Key Points

• BlackRock acquired 44.6 million ADM shares worth approximately $3.41 billion, giving it a 9.26% stake. Institutional investors collectively own 78.28% of the company.
• ADM reported quarterly EPS of $1.84, beating analysts’ $1.49 estimate, while revenue reached $22.68 billion, up 7.2% year over year but slightly below expectations.
• ADM declared a quarterly dividend of $0.52 per share, equivalent to an annualized $2.08 payout and a 2.5% yield. Analysts’ average rating remains “Hold,” with an average price target of $79.67.

BlackRock Inc. acquired a new position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 44,621,586 shares of the company's stock, valued at approximately $3,409,089,000. BlackRock Inc. owned 9.26% of Archer Daniels Midland at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC raised its position in Archer Daniels Midland by 0.6% during the fourth quarter. Quadrant Capital Group LLC now owns 23,166 shares of the company's stock worth $1,332,000 after acquiring an additional 146 shares during the last quarter. Atlantic Union Bankshares Corp boosted its stake in Archer Daniels Midland by 5.1% in the 4th quarter. Atlantic Union Bankshares Corp now owns 3,127 shares of the company's stock worth $180,000 after buying an additional 153 shares during the last quarter. Summit Financial LLC boosted its position in shares of Archer Daniels Midland by 0.9% in the fourth quarter. Summit Financial LLC now owns 16,947 shares of the company's stock worth $974,000 after acquiring an additional 153 shares during the last quarter. Checchi Capital Advisers LLC boosted its holdings in shares of Archer Daniels Midland by 2.6% in the 4th quarter. Checchi Capital Advisers LLC now owns 6,436 shares of the company's stock valued at $370,000 after purchasing an additional 161 shares during the last quarter. Finally, QRG Capital Management Inc. grew its position in Archer Daniels Midland by 0.8% during the first quarter. QRG Capital Management Inc. now owns 20,648 shares of the company's stock valued at $1,501,000 after acquiring an additional 164 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer Daniels Midland Stock Up 1.5%

ADM stock opened at $82.54 on Wednesday. The company's 50 day simple moving average is $79.85 and its 200-day simple moving average is $75.10. The firm has a market capitalization of $39.78 billion, a P/E ratio of 22.61 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 company has a debt-to-equity ratio of 0.27, a current ratio of 1.39 and a quick ratio of 0.86.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released 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. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%.The company had revenue of $22.68 billion for the quarter, compared to analysts' expectations of $22.75 billion. During the same quarter in the previous year, the business posted $0.93 EPS. The business's revenue for the quarter was up 7.2% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. As a group, equities research analysts anticipate that Archer Daniels Midland Company will post 5.46 EPS for the current year.

Archer Daniels Midland Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders 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 yield of 2.5%. Archer Daniels Midland's payout ratio is currently 56.99%.

Analysts Set New Price Targets

ADM has been the subject of a number of research reports. Weiss Ratings raised shares of 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 objective on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, June 15th. Wall Street Zen upgraded Archer Daniels Midland from a "buy" rating to a "strong-buy" rating in a research report on Saturday. JPMorgan Chase & Co. boosted their price objective on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the company an "underweight" rating in a research report on Wednesday, May 6th. Finally, Barclays increased their target price on Archer Daniels Midland from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Archer Daniels Midland has an average rating of "Hold" and an average target price of $79.67.

Archer Daniels Midland 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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