Danske Bank A S Takes $1.20 Million Position in Archer Daniels Midland Company $ADM

Danske Bank A S acquired a new position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 15,663 shares of the company's stock, valued at approximately $1,197,000.

Several other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Archer Daniels Midland during the 2nd quarter worth $3,409,089,000. Norges Bank bought a new position in shares of Archer Daniels Midland in the fourth quarter worth $402,743,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Archer Daniels Midland by 3,379.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,761,397 shares of the company's stock valued at $316,525,000 after purchasing an additional 5,595,801 shares during the period. Victory Capital Management Inc. raised its stake in shares of Archer Daniels Midland by 831.3% during the fourth quarter. Victory Capital Management Inc. now owns 5,592,030 shares of the company's stock valued at $321,486,000 after purchasing an additional 4,991,550 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Archer Daniels Midland during the second quarter valued at about $257,394,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADM has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Archer Daniels Midland from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. boosted their price target 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. Barclays upped their price target on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 5th. Morgan Stanley upgraded shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $60.00 to $79.00 in a report on Wednesday, August 5th. Finally, UBS Group boosted their target price on Archer Daniels Midland from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $79.67.

Archer Daniels Midland Trading Down 2.0%

Shares of ADM stock opened at $80.10 on Friday. The stock has a 50-day simple moving average of $79.89 and a 200 day simple moving average of $75.33. Archer Daniels Midland Company has a fifty-two week low of $55.58 and a fifty-two week high of $88.46. The stock has a market capitalization of $38.60 billion, a P/E ratio of 21.95 and a beta of 0.62. 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 released 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 return on equity of 9.21% and a net margin of 2.16%.The firm had revenue of $22.68 billion for the quarter, compared to analyst estimates of $22.75 billion. During the same period in the previous year, the company earned $0.93 earnings per share. Archer Daniels Midland's 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, sell-side analysts expect that Archer Daniels Midland Company will post 5.46 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders 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 dividend yield of 2.6%. Archer Daniels Midland's payout ratio is currently 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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