Cibc World Market Inc. Invests $13.19 Million in Archer Daniels Midland Company $ADM

Key Points

• CIBC World Markets purchased 172,692 shares of Archer Daniels Midland, valued at approximately $13.19 million. Institutional investors collectively own 78.28% of ADM.
• ADM exceeded quarterly earnings expectations, reporting $1.84 in EPS versus the $1.49 consensus estimate, while revenue rose 7.2% year over year to $22.68 billion.
• Analyst sentiment remains mixed, with an average rating of “Hold” and an average price target of $79.67. ADM also declared a quarterly dividend of $0.52 per share, representing a 2.7% annualized yield.

Cibc World Market Inc. purchased a new stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 172,692 shares of the company's stock, valued at approximately $13,194,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Woodline Partners LP lifted its position in shares of Archer Daniels Midland by 40.8% in the 1st quarter. Woodline Partners LP now owns 40,429 shares of the company's stock worth $1,941,000 after buying an additional 11,715 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Archer Daniels Midland by 5.3% during the second quarter. Daiwa Securities Group Inc. now owns 83,983 shares of the company's stock worth $4,433,000 after acquiring an additional 4,224 shares during the period. Sei Investments Co. lifted its holdings in Archer Daniels Midland by 40.0% in the second quarter. Sei Investments Co. now owns 191,633 shares of the company's stock worth $10,116,000 after acquiring an additional 54,746 shares during the last quarter. Glenview Trust co acquired a new position in Archer Daniels Midland in the second quarter valued at approximately $203,000. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Archer Daniels Midland by 2.3% during the second quarter. Treasurer of the State of North Carolina now owns 223,280 shares of the company's stock valued at $11,785,000 after purchasing an additional 5,051 shares during the last quarter. Institutional investors own 78.28% of the company's stock.

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of research reports. Wall Street Zen cut Archer Daniels Midland from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Morgan Stanley upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $60.00 to $79.00 in a research note on Wednesday, August 5th. JPMorgan Chase & Co. increased 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. UBS Group raised their target price 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 shares of Archer Daniels Midland from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $79.67.

Archer Daniels Midland Stock Performance

Shares of NYSE ADM opened at $78.13 on Tuesday. 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 has a 50 day simple moving average of $79.87 and a 200-day simple moving average of $75.46. The company has a market cap of $37.65 billion, a PE ratio of 21.40 and a beta of 0.62. Archer Daniels Midland Company has a 12-month low of $55.58 and a 12-month high of $88.46.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.49 by $0.35. The firm had revenue of $22.68 billion for the quarter, compared to analysts' expectations 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 revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm earned $0.93 EPS. 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 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared 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. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, August 19th. Archer Daniels Midland's dividend payout ratio (DPR) is 56.99%.

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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