VIRGINIA RETIREMENT SYSTEMS ET Al Takes $24.91 Million Position in Archer Daniels Midland Company $ADM

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Archer Daniels Midland Company (NYSE:ADM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 326,063 shares of the company’s stock, valued at approximately $24,911,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.07% of Archer Daniels Midland at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ADM. Kelleher Financial Advisors acquired a new stake in shares of Archer Daniels Midland during the 2nd quarter worth approximately $25,000. Motiv8 Investments LLC acquired a new position in shares of Archer Daniels Midland during the 4th quarter valued at $26,000. Orion Capital Management LLC acquired a new position in shares of Archer Daniels Midland during the 2nd quarter valued at $27,000. Sankala Group LLC bought a new position in Archer Daniels Midland during the fourth quarter worth $28,000. Finally, Nalls Sherbakoff Group LLC acquired a new stake in Archer Daniels Midland in the fourth quarter worth $29,000. 78.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ADM shares. Morgan Stanley raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $60.00 to $79.00 in a research note on Wednesday, August 5th. UBS Group raised their target price on Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Wall Street Zen lowered Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Weiss Ratings raised Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Finally, Zacks Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Archer Daniels Midland has an average rating of “Hold” and an average target price of $79.67.

Archer Daniels Midland Stock Up 0.1%

ADM stock opened at $84.66 on Tuesday. The firm has a market capitalization of $40.80 billion, a PE ratio of 23.19, a P/E/G ratio of 2.58 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 Company has a twelve month low of $55.58 and a twelve month high of $88.46. The stock’s 50 day moving average is $81.13 and its 200-day moving average is $76.47.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $22.75 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. Archer Daniels Midland’s revenue 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. Sell-side analysts expect that Archer Daniels Midland Company will post 5.46 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be issued a $0.52 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.08 annualized dividend and a dividend yield of 2.5%. Archer Daniels Midland’s dividend payout ratio 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.