Hsbc Holdings PLC bought a new position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 994,987 shares of the company's stock, valued at approximately $76,067,000. Hsbc Holdings PLC owned 0.21% of Archer Daniels Midland as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the stock. Kelleher Financial Advisors acquired a new stake in Archer Daniels Midland during the second quarter worth approximately $25,000. Motiv8 Investments LLC acquired a new position in shares of Archer Daniels Midland in the fourth quarter valued at approximately $26,000. Sankala Group LLC bought a new position in shares of Archer Daniels Midland during the fourth quarter worth approximately $28,000. Nalls Sherbakoff Group LLC bought a new position in shares of Archer Daniels Midland during the fourth quarter worth approximately $29,000. Finally, Global Trust Asset Management LLC acquired a new stake in Archer Daniels Midland during the 1st quarter worth approximately $29,000. 78.28% of the stock is owned by institutional investors.
Archer Daniels Midland Trading Up 1.3%
Shares of NYSE:ADM opened at $80.19 on Thursday. The company has a market capitalization of $38.65 billion, a P/E ratio of 21.97 and a beta of 0.62. Archer Daniels Midland Company has a 1 year low of $55.58 and a 1 year 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. The business's 50 day simple moving average is $79.97 and its 200 day simple moving average is $75.64.
Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $22.68 billion during 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 company's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 EPS. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. On average, research analysts anticipate that Archer Daniels Midland Company will post 5.46 EPS for the current fiscal year.
Archer Daniels Midland Dividend Announcement
The business also recently declared 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. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, August 19th. Archer Daniels Midland's payout ratio is 56.99%.
Analyst Ratings Changes
Several analysts recently issued reports on the company. UBS Group boosted their price target 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. Morgan Stanley raised Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $60.00 to $79.00 in a report on Wednesday, August 5th. Zacks Research raised shares of Archer Daniels Midland from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. Wall Street Zen downgraded shares of Archer Daniels Midland from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Finally, JPMorgan Chase & Co. raised 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. 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 company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $79.67.
View Our Latest Analysis on Archer Daniels Midland
About Archer Daniels Midland
(
Free Report)
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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