Engineers Gate Manager LP Has $3.25 Million Holdings in Archer Daniels Midland Company $ADM

Engineers Gate Manager LP raised its position in Archer Daniels Midland Company (NYSE:ADM) by 88.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,582 shares of the company’s stock after acquiring an additional 19,953 shares during the quarter. Engineers Gate Manager LP’s holdings in Archer Daniels Midland were worth $3,253,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Archer Daniels Midland during the 2nd quarter worth about $3,409,089,000. California State Teachers Retirement System grew its stake in Archer Daniels Midland by 7,551.0% in the 2nd quarter. California State Teachers Retirement System now owns 42,784,458 shares of the company’s stock valued at $3,268,733,000 after buying an additional 42,225,256 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Archer Daniels Midland by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,829,140 shares of the company’s stock valued at $1,082,487,000 after acquiring an additional 449,815 shares during the period. Wellington Management Group LLP lifted its position in Archer Daniels Midland by 2.2% during the second quarter. Wellington Management Group LLP now owns 17,670,220 shares of the company’s stock worth $1,350,005,000 after acquiring an additional 382,460 shares during the last quarter. Finally, Dodge & Cox boosted its holdings in shares of Archer Daniels Midland by 13.4% during the fourth quarter. Dodge & Cox now owns 17,084,645 shares of the company’s stock worth $982,196,000 after acquiring an additional 2,016,101 shares during the period. 78.28% of the stock is owned by institutional investors.

Archer Daniels Midland Stock Down 0.2%

Shares of Archer Daniels Midland stock opened at $86.57 on Monday. Archer Daniels Midland Company has a one year low of $55.58 and a one year high of $88.75. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.39 and a quick ratio of 0.86. The stock’s 50-day moving average is $81.89 and its 200 day moving average is $76.98. The firm has a market cap of $41.72 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 2.65 and a beta of 0.62.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $22.75 billion. During the same period in the previous year, the company posted $0.93 EPS. The firm’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. Equities research analysts anticipate that Archer Daniels Midland Company will post 5.46 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th were given a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.08 annualized dividend and a dividend yield of 2.4%. Archer Daniels Midland’s payout ratio is 56.99%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Morgan Stanley raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $60.00 to $79.00 in a report on Wednesday, August 5th. 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. Wall Street Zen downgraded Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 8th. UBS Group raised their price target on Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Finally, Weiss Ratings raised shares of Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $79.67.

Archer Daniels Midland Profile

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company. Founded in 1902, ADM connects farmers and agricultural markets with food, beverage, animal nutrition and industrial customers by sourcing, transporting, storing and processing crops and other agricultural commodities.

The company’s operations include the processing of oilseeds such as soybeans, canola and sunflower seeds into vegetable oils, protein meals and other ingredients. ADM also produces corn and wheat-based sweeteners, starches, flours, fibers and other carbohydrate products, along with plant-based proteins, flavors, emulsifiers and specialty ingredients used in food and beverage manufacturing.

ADM serves customers in markets around the world through its agricultural services, commodity merchandising, transportation, processing and storage networks.