Man Group plc acquired a new stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 230,981 shares of the company's stock, valued at approximately $17,647,000.
Several other hedge funds and other institutional investors have also bought and sold shares of ADM. Kelleher Financial Advisors purchased a new stake in shares of Archer Daniels Midland in the 2nd quarter valued at $25,000. Motiv8 Investments LLC purchased a new position in Archer Daniels Midland in the 4th quarter worth $26,000. Sankala Group LLC purchased a new position in Archer Daniels Midland in the 4th quarter worth $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 purchased a new stake in Archer Daniels Midland during the first quarter valued at about $29,000. Hedge funds and other institutional investors own 78.28% of the company's stock.
Archer Daniels Midland Price Performance
ADM stock opened at $79.12 on Friday. The stock has a market capitalization of $38.13 billion, a price-to-earnings ratio of 21.68 and a beta of 0.62. The firm's 50-day moving average price is $80.05 and its two-hundred day moving average price is $75.73. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.49 by $0.35. The company had revenue of $22.68 billion during the quarter, compared to analyst estimates of $22.75 billion. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. Archer Daniels Midland's revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. As a group, equities analysts predict that Archer Daniels Midland Company will post 5.46 earnings per share for the current year.
Archer Daniels Midland Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be issued a $0.52 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.08 annualized dividend and a yield of 2.6%. Archer Daniels Midland's dividend payout ratio (DPR) is 56.99%.
Analysts Set New Price Targets
ADM has been the topic of a number of recent research reports. UBS Group raised their price objective 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 boosted their target price for the company 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 company an "underweight" rating in a report on Wednesday, May 6th. Barclays raised their price target 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. Finally, Weiss Ratings upgraded Archer Daniels Midland from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 5th. 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's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $79.67.
Check Out Our Latest Stock Analysis on ADM
Archer Daniels Midland Company Profile
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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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