238,372 Shares in Archer Daniels Midland Company $ADM Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new stake in shares of Archer Daniels Midland Company (NYSE:ADMFree Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 238,372 shares of the company’s stock, valued at approximately $18,212,000.

Several other institutional investors and hedge funds have also modified their holdings of ADM. Van Hulzen Asset Management LLC bought a new stake in shares of Archer Daniels Midland during the 2nd quarter valued at $35,012,000. L2 Asset Management LLC bought a new position in Archer Daniels Midland in the 2nd quarter worth $209,000. Cullen Capital Management LLC purchased a new position in Archer Daniels Midland during the second quarter valued at $1,653,000. Algert Global LLC lifted its position in Archer Daniels Midland by 1,455.4% during the second quarter. Algert Global LLC now owns 104,678 shares of the company’s stock valued at $7,997,000 after purchasing an additional 97,948 shares in the last quarter. Finally, TCM Advisors LLC bought a new stake in Archer Daniels Midland during the second quarter valued at about $918,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on ADM. Barclays raised their price objective 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. Zacks Research raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. UBS Group raised their target price on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Wall Street Zen downgraded shares of Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 23rd. Finally, Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $60.00 to $79.00 in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $79.67.

Read Our Latest Stock Report on ADM

Archer Daniels Midland Stock Performance

NYSE:ADM opened at $81.43 on Friday. 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 stock has a 50-day moving average price of $80.18 and a 200 day moving average price of $75.77. The stock has a market capitalization of $39.25 billion, a P/E ratio of 22.31 and a beta of 0.62.

Archer Daniels Midland (NYSE:ADMGet Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 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 company had revenue of $22.68 billion for the quarter, compared to analysts’ expectations of $22.75 billion. During the same period in the previous year, the firm earned $0.93 EPS. The firm’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. Equities research analysts forecast that Archer Daniels Midland Company will post 5.46 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

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