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

Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Archer Daniels Midland Company (NYSE:ADM) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 143,458 shares of the company’s stock, valued at approximately $10,960,000.

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

Archer Daniels Midland Stock Performance

NYSE:ADM opened at $80.10 on Monday. The stock’s 50-day moving average is $79.89 and its 200-day moving average is $75.38. Archer Daniels Midland Company has a 1-year low of $55.58 and a 1-year high of $88.46. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The stock has a market cap of $38.60 billion, a P/E ratio of 21.95 and a beta of 0.62.

Archer Daniels Midland (NYSE:ADM) last posted its 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 firm had revenue of $22.68 billion for the quarter, compared to analyst estimates of $22.75 billion. During the same period in the previous year, the firm posted $0.93 EPS. The company’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. Equities research analysts anticipate that Archer Daniels Midland Company will post 5.46 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The business 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. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.08 annualized dividend and a dividend yield of 2.6%. Archer Daniels Midland’s dividend payout ratio is presently 56.99%.

Wall Street Analysts Forecast Growth

ADM has been the subject of several recent analyst reports. Morgan Stanley upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $60.00 to $79.00 in a research report on Wednesday, August 5th. Barclays boosted their target price on 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. Weiss Ratings raised shares of Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Wall Street Zen downgraded shares of Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, UBS Group increased their price objective 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. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.