Archer Daniels Midland Company (NYSE:ADM – Get Free Report) saw unusually large options trading on Monday. Stock investors purchased 20,719 call options on the company. This represents an increase of 627% compared to the average daily volume of 2,849 call options.
Hedge Funds Weigh In On Archer Daniels Midland
Institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Archer Daniels Midland in the 2nd quarter valued at $3,409,089,000. Wellington Management Group LLP grew its position in Archer Daniels Midland by 2.2% during the second quarter. Wellington Management Group LLP now owns 17,670,220 shares of the company’s stock valued at $1,350,005,000 after buying an additional 382,460 shares during the period. Pacer Advisors Inc. grew its position in Archer Daniels Midland by 4.1% during the fourth quarter. Pacer Advisors Inc. now owns 4,585,316 shares of the company’s stock valued at $263,610,000 after buying an additional 179,889 shares during the period. Dimensional Fund Advisors LP increased its holdings in Archer Daniels Midland by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,806,192 shares of the company’s stock valued at $276,647,000 after buying an additional 163,749 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Archer Daniels Midland by 13.7% in the first quarter. Bank of New York Mellon Corp now owns 3,432,651 shares of the company’s stock valued at $249,519,000 after buying an additional 414,170 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on ADM shares. JPMorgan Chase & Co. lowered their target price on shares of Archer Daniels Midland from $77.00 to $75.00 and set an “underweight” rating for the company in a report on Monday. Weiss Ratings upgraded shares of Archer Daniels Midland from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Zacks Research downgraded shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Barclays increased their price objective on shares of 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, Morgan Stanley raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $60.00 to $79.00 in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Archer Daniels Midland has a consensus rating of “Hold” and an average target price of $79.83.
Archer Daniels Midland Stock Performance
ADM stock opened at $82.93 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.27. The business’s fifty day simple moving average is $82.01 and its two-hundred day simple moving average is $79.03. Archer Daniels Midland has a twelve month low of $55.58 and a twelve month high of $88.75. The firm has a market cap of $39.97 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 2.44 and a beta of 0.64.
Archer Daniels Midland (NYSE:ADM – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.35. The firm 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%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. Analysts predict that Archer Daniels Midland will post 5.50 earnings per share for the current year.
Archer Daniels Midland Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Wednesday, August 19th. Archer Daniels Midland’s dividend payout ratio is currently 56.99%.
About Archer Daniels Midland
Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company that converts crops and other plant-based materials into food, feed, fuel and industrial ingredients. The company sources, transports, stores and processes commodities such as corn, soybeans, wheat and oilseeds through an extensive network of elevators, processing facilities and transportation assets.
ADM’s businesses include agricultural services and oilseeds, carbohydrate solutions, and nutrition.
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