Legal & General Group Plc Purchases New Shares in Archer Daniels Midland Company $ADM

Legal & General Group Plc purchased a new position in shares of Archer Daniels Midland Company (NYSE:ADM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,594,667 shares of the company’s stock, valued at approximately $198,233,000. Legal & General Group Plc owned 0.54% of Archer Daniels Midland as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of ADM. Quadrant Capital Group LLC increased its holdings in shares of Archer Daniels Midland by 0.6% during the fourth quarter. Quadrant Capital Group LLC now owns 23,166 shares of the company’s stock worth $1,332,000 after purchasing an additional 146 shares during the period. Atlantic Union Bankshares Corp grew its position in Archer Daniels Midland by 5.1% during the fourth quarter. Atlantic Union Bankshares Corp now owns 3,127 shares of the company’s stock worth $180,000 after buying an additional 153 shares in the last quarter. Summit Financial LLC grew its position in Archer Daniels Midland by 0.9% during the fourth quarter. Summit Financial LLC now owns 16,947 shares of the company’s stock worth $974,000 after buying an additional 153 shares in the last quarter. QRG Capital Management Inc. increased its stake in Archer Daniels Midland by 0.8% during the 1st quarter. QRG Capital Management Inc. now owns 20,648 shares of the company’s stock worth $1,501,000 after acquiring an additional 164 shares during the period. Finally, Midwest Trust Co raised its holdings in Archer Daniels Midland by 4.3% in the 1st quarter. Midwest Trust Co now owns 4,009 shares of the company’s stock valued at $291,000 after acquiring an additional 167 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

ADM has been the subject of a number of recent analyst reports. UBS Group upped their target price on Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Wall Street Zen lowered shares of Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a report on Sunday. JPMorgan Chase & Co. boosted their target price on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Barclays increased their price target 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 upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $60.00 to $79.00 in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Archer Daniels Midland has an average rating of “Hold” and an average price target of $79.67.

Archer Daniels Midland Stock Performance

Archer Daniels Midland stock opened at $80.19 on Thursday. 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 has a market cap of $38.65 billion, a PE ratio of 21.97 and a beta of 0.62. Archer Daniels Midland Company has a 12-month low of $55.58 and a 12-month high of $88.46. The business’s 50-day moving average price is $79.97 and its two-hundred day moving average price is $75.64.

Archer Daniels Midland (NYSE:ADM) last posted its 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. The firm had revenue of $22.68 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. As a group, analysts expect that Archer Daniels Midland Company will post 5.46 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

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 given a $0.52 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 56.99%.

About Archer Daniels Midland

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.