Westport Asset Management Inc. Makes New Investment in Archer Daniels Midland Company $ADM

Westport Asset Management Inc. purchased a new stake in shares of Archer Daniels Midland Company (NYSE:ADM) in the second quarter, HoldingsChannel reports. The institutional investor purchased 7,500 shares of the company’s stock, valued at approximately $573,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ADM. Woodline Partners LP grew its stake in Archer Daniels Midland by 40.8% in the 1st quarter. Woodline Partners LP now owns 40,429 shares of the company’s stock worth $1,941,000 after buying an additional 11,715 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Archer Daniels Midland by 5.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 83,983 shares of the company’s stock valued at $4,433,000 after buying an additional 4,224 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Archer Daniels Midland by 40.0% during the 2nd quarter. Sei Investments Co. now owns 191,633 shares of the company’s stock worth $10,116,000 after acquiring an additional 54,746 shares during the last quarter. Glenview Trust co bought a new stake in shares of Archer Daniels Midland during the 2nd quarter worth $203,000. Finally, Treasurer of the State of North Carolina grew its position in Archer Daniels Midland by 2.3% in the second quarter. Treasurer of the State of North Carolina now owns 223,280 shares of the company’s stock worth $11,785,000 after acquiring an additional 5,051 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ADM shares. UBS Group raised their price target on Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Barclays upped their price objective on Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Weiss Ratings upgraded Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Morgan Stanley upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $60.00 to $79.00 in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. upped their target price on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $79.67.

Archer Daniels Midland Price Performance

Shares of Archer Daniels Midland stock opened at $80.80 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.27. The firm has a market cap of $38.94 billion, a PE ratio of 22.14 and a beta of 0.62. Archer Daniels Midland Company has a 12-month low of $55.58 and a 12-month high of $88.46. The company’s fifty day simple moving average is $79.84 and its two-hundred day simple moving average is $75.19.

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, 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 company had revenue of $22.68 billion for the quarter, compared to the consensus estimate of $22.75 billion. During the same quarter in the previous year, the business earned $0.93 EPS. 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. As a group, equities analysts expect that Archer Daniels Midland Company will post 5.46 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The business 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 is 56.99%.

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.