143,458 Shares in Archer Daniels Midland Company $ADM Acquired by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Archer Daniels Midland Company (NYSE:ADM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 143,458 shares of the company’s stock, valued at approximately $10,960,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Archer Daniels Midland by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 59,180,117 shares of the company’s stock worth $3,402,265,000 after purchasing an additional 536,265 shares in the last quarter. BlackRock Inc. bought a new position in Archer Daniels Midland in the second quarter worth approximately $3,409,089,000. Charles Schwab Investment Management Inc. grew its stake in Archer Daniels Midland by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,829,140 shares of the company’s stock valued at $1,082,487,000 after acquiring an additional 449,815 shares during the period. Dodge & Cox increased its holdings in shares of Archer Daniels Midland by 13.4% during the fourth quarter. Dodge & Cox now owns 17,084,645 shares of the company’s stock valued at $982,196,000 after acquiring an additional 2,016,101 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Archer Daniels Midland by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 12,628,065 shares of the company’s stock valued at $723,175,000 after acquiring an additional 109,556 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. UBS Group boosted their price target on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company 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. Weiss Ratings raised shares of Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Finally, Barclays boosted their target price 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. One equities research 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 stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $79.67.

Archer Daniels Midland Stock Performance

Shares of Archer Daniels Midland stock opened at $80.10 on Monday. The business’s fifty day simple moving average is $79.89 and its 200 day simple moving average is $75.38. 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 firm has a market capitalization of $38.60 billion, a P/E ratio of 21.95 and a beta of 0.62.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data 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. 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 the consensus estimate of $22.75 billion. During the same quarter in the prior year, the company earned $0.93 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. As a group, analysts anticipate that Archer Daniels Midland Company will post 5.46 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Wednesday, August 19th. Archer Daniels Midland’s payout ratio is presently 56.99%.

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.