Saudi Central Bank Has $2.58 Million Stake in Archer Daniels Midland Company $ADM

Saudi Central Bank raised its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 90.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 33,733 shares of the company’s stock after purchasing an additional 15,995 shares during the quarter. Saudi Central Bank’s holdings in Archer Daniels Midland were worth $2,577,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in ADM. Quadrant Capital Group LLC increased its stake in Archer Daniels Midland by 0.6% in the fourth quarter. Quadrant Capital Group LLC now owns 23,166 shares of the company’s stock valued at $1,332,000 after acquiring an additional 146 shares during the last quarter. Atlantic Union Bankshares Corp lifted its stake 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 purchasing an additional 153 shares during the last quarter. Summit Financial LLC lifted its stake 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 purchasing an additional 153 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Archer Daniels Midland by 0.8% in the 1st quarter. QRG Capital Management Inc. now owns 20,648 shares of the company’s stock worth $1,501,000 after purchasing an additional 164 shares in the last quarter. Finally, Midwest Trust Co increased its position in shares of Archer Daniels Midland by 4.3% during the 1st quarter. Midwest Trust Co now owns 4,009 shares of the company’s stock valued at $291,000 after purchasing an additional 167 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

ADM has been the topic of a number of research reports. UBS Group raised their price objective on Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, June 15th. Zacks Research upgraded shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Barclays lifted 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 note on Wednesday, August 5th. Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $60.00 to $79.00 in a report on Wednesday, August 5th. Finally, Wall Street Zen cut shares of Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. One equities research 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 given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $79.67.

Archer Daniels Midland Trading Up 0.1%

NYSE ADM opened at $84.66 on Tuesday. The firm has a market cap of $40.80 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 2.58 and a beta of 0.62. Archer Daniels Midland Company has a 1-year low of $55.58 and a 1-year high of $88.46. The stock has a 50-day moving average of $81.13 and a 200-day moving average of $76.47. 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 (NYSE:ADM) last announced its quarterly 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. 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 for the quarter, compared to analysts’ expectations of $22.75 billion. During the same period in the previous year, the firm earned $0.93 EPS. The business’s quarterly 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. As a group, sell-side analysts forecast that Archer Daniels Midland Company will post 5.46 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The company also recently announced 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. This represents a $2.08 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, August 19th. Archer Daniels Midland’s payout ratio is presently 56.99%.

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.