The Manufacturers Life Insurance Company Takes $18.21 Million Position in Archer Daniels Midland Company $ADM

The Manufacturers Life Insurance Company purchased a new position in Archer Daniels Midland Company (NYSE:ADM) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 238,372 shares of the company’s stock, valued at approximately $18,212,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Van Hulzen Asset Management LLC bought a new position in Archer Daniels Midland during the 2nd quarter valued at approximately $35,012,000. L2 Asset Management LLC bought a new stake in Archer Daniels Midland in the second quarter worth $209,000. Cullen Capital Management LLC purchased a new stake in shares of Archer Daniels Midland in the second quarter worth $1,653,000. Algert Global LLC increased its holdings in shares of Archer Daniels Midland by 1,455.4% during the second quarter. Algert Global LLC now owns 104,678 shares of the company’s stock valued at $7,997,000 after acquiring an additional 97,948 shares in the last quarter. Finally, TCM Advisors LLC bought a new position in shares of Archer Daniels Midland during the second quarter valued at $918,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Stock Performance

Shares of NYSE ADM opened at $81.43 on Friday. The firm’s 50-day moving average price is $80.18 and its 200-day moving average price is $75.77. Archer Daniels Midland Company has a 52-week low of $55.58 and a 52-week high of $88.46. The company has a market cap of $39.25 billion, a PE ratio of 22.31 and a beta of 0.62. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.27.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, beating 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 in the prior year, the firm earned $0.93 earnings per share. The firm’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. 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders 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 dividend yield of 2.6%. The ex-dividend date is Wednesday, August 19th. Archer Daniels Midland’s dividend payout ratio (DPR) is 56.99%.

Wall Street Analyst Weigh In

ADM has been the topic of several recent analyst reports. Morgan Stanley raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $60.00 to $79.00 in a research report on Wednesday, August 5th. UBS Group increased their price target on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, June 15th. JPMorgan Chase & Co. raised their price target 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 boosted their price objective on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the stock 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 analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.