Fifth Third Bancorp Has $6.16 Million Stock Holdings in Archer Daniels Midland Company $ADM

Fifth Third Bancorp raised its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 362.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 84,754 shares of the company’s stock after acquiring an additional 66,410 shares during the period. Fifth Third Bancorp’s holdings in Archer Daniels Midland were worth $6,161,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ADM. Toth Financial Advisory Corp bought a new stake in shares of Archer Daniels Midland in the 4th quarter valued at about $25,000. Motiv8 Investments LLC bought a new stake in Archer Daniels Midland in the fourth quarter valued at approximately $26,000. Sankala Group LLC acquired a new stake in Archer Daniels Midland in the fourth quarter worth $28,000. Nalls Sherbakoff Group LLC acquired a new stake in Archer Daniels Midland in the fourth quarter worth $29,000. Finally, Global Trust Asset Management LLC bought a new stake in shares of Archer Daniels Midland in the 1st quarter valued at $29,000. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Stock Up 0.7%

Shares of Archer Daniels Midland stock opened at $82.89 on Friday. The firm has a market cap of $39.95 billion, a PE ratio of 37.17 and a beta of 0.62. The business’s 50 day simple moving average is $79.16 and its 200 day simple moving average is $72.07. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.80 and a current ratio of 1.31. Archer Daniels Midland Company has a 52-week low of $52.23 and a 52-week high of $85.37.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The firm had revenue of $20.49 billion during the quarter, compared to the consensus estimate of $21.35 billion. Archer Daniels Midland had a return on equity of 7.37% and a net margin of 1.34%.The business’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 EPS. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. On average, analysts predict that Archer Daniels Midland Company will post 4.71 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were issued a dividend of $0.52 per share. The ex-dividend date was Wednesday, May 20th. This represents a $2.08 annualized dividend and a yield of 2.5%. Archer Daniels Midland’s dividend payout ratio is presently 93.27%.

Analysts Set New Price Targets

Several research firms have weighed in on ADM. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Monday, April 20th. Zacks Research lowered Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. JPMorgan Chase & Co. lifted their price objective on Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Morgan Stanley boosted their price objective on Archer Daniels Midland from $54.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Finally, Barclays increased their target price on Archer Daniels Midland from $77.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Archer Daniels Midland currently has an average rating of “Reduce” and a consensus price target of $75.33.

Archer Daniels Midland Company Profile

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.