Archer Daniels Midland Company $ADM Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP increased its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 2.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 17,670,220 shares of the company’s stock after purchasing an additional 382,460 shares during the period. Wellington Management Group LLP’s holdings in Archer Daniels Midland were worth $1,350,005,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Archer Daniels Midland in the second quarter valued at about $3,409,089,000. Norges Bank acquired a new stake in Archer Daniels Midland in the fourth quarter worth about $402,743,000. Northwestern Mutual Wealth Management Co. grew 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 worth $316,525,000 after acquiring an additional 5,595,801 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Archer Daniels Midland by 831.3% during the fourth quarter. Victory Capital Management Inc. now owns 5,592,030 shares of the company’s stock valued at $321,486,000 after acquiring an additional 4,991,550 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Archer Daniels Midland during the second quarter valued at about $257,394,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ADM shares. 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. Weiss Ratings upgraded shares of Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Wall Street Zen cut shares of Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Finally, Zacks Research raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $79.67.

Archer Daniels Midland Stock Up 2.9%

Shares of ADM stock opened at $81.43 on Friday. Archer Daniels Midland Company has a fifty-two week low of $55.58 and a fifty-two week high of $88.46. The firm has a market capitalization of $39.25 billion, a PE ratio of 22.31 and a beta of 0.62. 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 stock’s 50-day simple moving average is $80.18 and its 200-day simple moving average is $75.77.

Archer Daniels Midland (NYSE:ADM) last released its 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. The firm had revenue of $22.68 billion during the quarter, compared to the consensus estimate of $22.75 billion. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%.The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. Equities analysts expect that Archer Daniels Midland Company will post 5.46 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

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