Man Group plc Takes $17.65 Million Position in Archer Daniels Midland Company $ADM

Man Group plc acquired a new stake in shares of Archer Daniels Midland Company (NYSE:ADM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 230,981 shares of the company’s stock, valued at approximately $17,647,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ADM. Kelleher Financial Advisors purchased a new stake in shares of Archer Daniels Midland in the 2nd quarter valued at $25,000. Motiv8 Investments LLC purchased a new position in Archer Daniels Midland in the 4th quarter worth $26,000. Sankala Group LLC purchased a new position in Archer Daniels Midland in the 4th quarter worth $28,000. Nalls Sherbakoff Group LLC bought a new stake in Archer Daniels Midland in the fourth quarter worth $29,000. Finally, Global Trust Asset Management LLC purchased a new stake in Archer Daniels Midland during the first quarter valued at about $29,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Price Performance

ADM stock opened at $79.12 on Friday. The stock has a market capitalization of $38.13 billion, a price-to-earnings ratio of 21.68 and a beta of 0.62. The firm’s 50-day moving average price is $80.05 and its two-hundred day moving average price is $75.73. 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 Company has a 12-month low of $55.58 and a 12-month high of $88.46.

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. The company had revenue of $22.68 billion during the quarter, compared to analyst estimates of $22.75 billion. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. Archer Daniels Midland’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. As a group, equities analysts predict 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 issued a $0.52 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.08 annualized dividend and a yield of 2.6%. Archer Daniels Midland’s dividend payout ratio (DPR) is 56.99%.

Analysts Set New Price Targets

ADM has been the topic of a number of recent 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 research note on Monday, June 15th. Morgan Stanley raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $60.00 to $79.00 in a research note on Wednesday, August 5th. JPMorgan Chase & Co. increased their target price on Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Barclays raised their price target on Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings upgraded Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $79.67.

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.