Csenge Advisory Group Purchases New Shares in Archer Daniels Midland Company $ADM

Key Points

• Csenge Advisory Group purchased 46,577 ADM shares in the second quarter, valued at approximately $3.56 million. Institutional investors collectively own 78.28% of the company.
• ADM reported quarterly earnings of $1.84 per share, exceeding the $1.49 analyst consensus, while revenue reached $22.68 billion, up 7.2% year over year but slightly below estimates.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $79.67 target price. ADM also announced a quarterly dividend of $0.52 per share, representing a 2.6% annualized yield.

Csenge Advisory Group purchased a new stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 46,577 shares of the company's stock, valued at approximately $3,558,000.

Several other large investors also recently added to or reduced their stakes in the stock. Kelleher Financial Advisors bought a new stake in shares of Archer Daniels Midland in the 2nd quarter valued at approximately $25,000. Motiv8 Investments LLC bought a new position in shares of Archer Daniels Midland during the 4th quarter valued at approximately $26,000. Sankala Group LLC purchased a new stake in Archer Daniels Midland during the 4th quarter valued at $28,000. Nalls Sherbakoff Group LLC bought a new stake in Archer Daniels Midland in the fourth quarter worth $29,000. Finally, Global Trust Asset Management LLC bought a new stake in Archer Daniels Midland in the first quarter worth $29,000. 78.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ADM shares. Barclays boosted their price objective on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Archer Daniels Midland from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of Archer Daniels Midland from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 15th. JPMorgan Chase & Co. increased their price objective on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 6th. Finally, UBS Group raised their price objective on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, June 15th. One 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 given a Sell rating to the company. According to data from MarketBeat, Archer Daniels Midland has an average rating of "Hold" and a consensus target price of $79.67.

Archer Daniels Midland Trading Down 2.0%

Shares of ADM opened at $80.80 on Thursday. The firm has a market capitalization of $38.94 billion, a price-to-earnings ratio of 22.14 and a beta of 0.62. 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 Company has a 1-year low of $55.58 and a 1-year high of $88.46. The company has a 50-day moving average of $79.84 and a 200 day moving average of $75.19.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.84 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 business had revenue of $22.68 billion for the quarter, compared to the consensus estimate of $22.75 billion. During the same period in the prior year, the firm earned $0.93 EPS. The company's revenue for the quarter 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, research analysts expect that Archer Daniels Midland Company will post 5.46 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.08 annualized dividend and a yield of 2.6%. Archer Daniels Midland's dividend payout ratio is 56.99%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source