Korea Investment CORP Buys Shares of 258,631 Archer Daniels Midland Company $ADM

Korea Investment CORP bought a new position in shares of Archer Daniels Midland Company (NYSE:ADM) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 258,631 shares of the company’s stock, valued at approximately $19,759,000. Korea Investment CORP owned about 0.05% of Archer Daniels Midland at the end of the most recent quarter.

Several other large investors have also modified their holdings of ADM. BlackRock Inc. acquired a new position in shares of Archer Daniels Midland during the 2nd quarter worth approximately $3,409,089,000. Norges Bank purchased a new stake in shares of Archer Daniels Midland in the fourth quarter valued at $402,743,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Archer Daniels Midland by 3,379.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,761,397 shares of the company’s stock valued at $316,525,000 after acquiring an additional 5,595,801 shares during the last quarter. Victory Capital Management Inc. increased its position in Archer Daniels Midland by 831.3% during the 4th quarter. Victory Capital Management Inc. now owns 5,592,030 shares of the company’s stock worth $321,486,000 after purchasing an additional 4,991,550 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Archer Daniels Midland in the 2nd quarter valued at about $257,394,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Price Performance

Archer Daniels Midland stock opened at $80.10 on Monday. Archer Daniels Midland Company has a 1 year low of $55.58 and a 1 year high of $88.46. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.39. The firm has a 50 day moving average price of $79.89 and a 200 day moving average price of $75.38. The company has a market cap of $38.60 billion, a price-to-earnings ratio of 21.95 and a beta of 0.62.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.35. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The company had revenue of $22.68 billion for the quarter, compared to the consensus estimate of $22.75 billion. During the same quarter last year, the firm posted $0.93 earnings per share. Archer Daniels Midland’s revenue 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. Sell-side analysts predict that Archer Daniels Midland Company will post 5.46 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, August 19th. Archer Daniels Midland’s payout ratio is 56.99%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ADM shares. Wall Street Zen lowered shares of Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $60.00 to $79.00 in a research report on Wednesday, August 5th. UBS Group lifted their target price on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Barclays boosted their price target on Archer Daniels Midland from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, August 5th. Finally, Zacks Research raised Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Archer Daniels Midland presently has a consensus rating of “Hold” and a consensus target price of $79.67.

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.