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

Csenge Advisory Group acquired a new position in Archer Daniels Midland Company (NYSE:ADMFree Report) in the second quarter, HoldingsChannel reports. The fund acquired 46,577 shares of the company’s stock, valued at approximately $3,558,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Archer Daniels Midland during the 4th quarter worth $402,743,000. Swedbank AB grew its stake in Archer Daniels Midland by 9.2% in the fourth quarter. Swedbank AB now owns 399,047 shares of the company’s stock valued at $22,941,000 after purchasing an additional 33,647 shares during the last quarter. Banque Cantonale Vaudoise raised its holdings in Archer Daniels Midland by 56.4% in the fourth quarter. Banque Cantonale Vaudoise now owns 50,181 shares of the company’s stock worth $2,886,000 after purchasing an additional 18,088 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Archer Daniels Midland by 385.5% in the fourth quarter. Fisher Asset Management LLC now owns 17,098 shares of the company’s stock worth $983,000 after purchasing an additional 13,576 shares in the last quarter. Finally, North Dakota State Investment Board purchased a new stake in shares of Archer Daniels Midland during the fourth quarter valued at about $1,634,000. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Trading Down 2.0%

Shares of NYSE:ADM opened at $80.80 on Thursday. 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. The business has a 50 day moving average of $79.84 and a two-hundred day moving average of $75.19. The company has a market capitalization of $38.94 billion, a PE ratio of 22.14 and a beta of 0.62.

Archer Daniels Midland (NYSE:ADMGet Free Report) last released its quarterly 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. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The company had revenue of $22.68 billion for the quarter, compared to analyst estimates of $22.75 billion. During the same quarter last year, the business earned $0.93 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. As a group, analysts forecast that Archer Daniels Midland Company will post 5.46 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.6%. Archer Daniels Midland’s dividend payout ratio is presently 56.99%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Wall Street Zen raised shares of Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Weiss Ratings upgraded Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. UBS Group raised their price objective on Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Barclays boosted their target price on 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. Finally, JPMorgan Chase & Co. upped their target price on Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $79.67.

Get Our Latest Analysis on Archer Daniels Midland

Archer Daniels Midland Profile

(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.

See Also

Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer Daniels Midland Company (NYSE:ADMFree Report).

Institutional Ownership by Quarter for Archer Daniels Midland (NYSE:ADM)

Receive News & Ratings for Archer Daniels Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer Daniels Midland and related companies with MarketBeat.com's FREE daily email newsletter.