Mitsubishi UFJ Asset Management Co. Ltd. Acquires Shares of 1,239,306 Archer Daniels Midland Company $ADM

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Archer Daniels Midland Company (NYSE:ADM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,239,306 shares of the company’s stock, valued at approximately $94,683,000.

A number of other large investors have also recently made changes to their positions in ADM. Norges Bank bought a new position in shares of Archer Daniels Midland during the fourth quarter valued at approximately $402,743,000. Swedbank AB lifted its stake in shares of Archer Daniels Midland by 9.2% during the 4th quarter. Swedbank AB now owns 399,047 shares of the company’s stock worth $22,941,000 after acquiring an additional 33,647 shares during the last quarter. Banque Cantonale Vaudoise boosted its holdings in Archer Daniels Midland by 56.4% during the 4th quarter. Banque Cantonale Vaudoise now owns 50,181 shares of the company’s stock valued at $2,886,000 after acquiring an additional 18,088 shares during the period. Fisher Asset Management LLC boosted its holdings in Archer Daniels Midland by 385.5% during the 4th quarter. Fisher Asset Management LLC now owns 17,098 shares of the company’s stock valued at $983,000 after acquiring an additional 13,576 shares during the period. Finally, North Dakota State Investment Board bought a new position in Archer Daniels Midland in the 4th quarter valued at $1,634,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer Daniels Midland Trading Up 1.5%

ADM opened at $82.54 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 stock’s fifty day moving average is $79.85 and its two-hundred day moving average is $75.10. The company has a market capitalization of $39.78 billion, a P/E ratio of 22.61 and a beta of 0.62. Archer Daniels Midland Company has a 52 week low of $55.58 and a 52 week high of $88.46.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $22.68 billion during the quarter, compared to analysts’ expectations of $22.75 billion. During the same period in the prior year, the business earned $0.93 EPS. The business’s revenue for the quarter 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. Analysts forecast that Archer Daniels Midland Company will post 5.46 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a yield of 2.5%. Archer Daniels Midland’s dividend payout ratio is 56.99%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Zacks Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. upped their price target on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Wall Street Zen raised shares of Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $60.00 to $79.00 in a report on Wednesday, August 5th. Finally, UBS Group boosted their price objective on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Archer Daniels Midland currently has a consensus rating of “Hold” and an average price target of $79.67.

Archer Daniels Midland 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.