Daiichi Life Insurance Co. Ltd. Acquires New Stake in Archer Daniels Midland Company $ADM

Daiichi Life Insurance Co. Ltd. bought a new position in Archer Daniels Midland Company (NYSE:ADMFree Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,503 shares of the company’s stock, valued at approximately $2,101,000.

A number of other large investors have also made changes to their positions in the company. Commerce Bank bought a new position in shares of Archer Daniels Midland in the 2nd quarter worth approximately $3,528,000. Northwestern Mutual Wealth Management Co. bought a new position in Archer Daniels Midland in the second quarter worth approximately $10,704,000. Westpac Banking Corp purchased a new position in shares of Archer Daniels Midland during the 2nd quarter worth $56,000. Korea Investment CORP bought a new stake in shares of Archer Daniels Midland during the 2nd quarter valued at $19,759,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Archer Daniels Midland in the 2nd quarter worth $288,000. 78.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ADM shares. Zacks Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. UBS Group upped their price target 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 lifted their price objective on 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. Morgan Stanley upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $60.00 to $79.00 in a research note on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research note 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $79.67.

View Our Latest Report on Archer Daniels Midland

Archer Daniels Midland Price Performance

NYSE:ADM opened at $80.10 on Monday. The business’s 50-day simple moving average is $79.89 and its two-hundred day simple moving average is $75.38. Archer Daniels Midland Company has a 52 week low of $55.58 and a 52 week high of $88.46. The stock has a market cap of $38.60 billion, a PE 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:ADMGet Free Report) last released its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $22.75 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. The business’s quarterly 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. As a group, analysts forecast that Archer Daniels Midland Company will post 5.46 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

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

Archer Daniels Midland Company 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

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

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