Caisse de depot et placement du Quebec Invests $127.37 Million in Archer Daniels Midland Company $ADM

Caisse de depot et placement du Quebec bought a new stake in Archer Daniels Midland Company (NYSE:ADM) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,667,143 shares of the company’s stock, valued at approximately $127,370,000.

Several other hedge funds have also bought and sold shares of ADM. Woodline Partners LP increased its position in Archer Daniels Midland by 40.8% during the first 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 during the last quarter. Daiwa Securities Group Inc. raised its stake in Archer Daniels Midland by 5.3% in the second 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 during the period. Sei Investments Co. lifted its position in shares of Archer Daniels Midland by 40.0% in the second quarter. Sei Investments Co. now owns 191,633 shares of the company’s stock valued at $10,116,000 after buying an additional 54,746 shares during the last quarter. Glenview Trust co bought a new position in shares of Archer Daniels Midland during the 2nd quarter worth approximately $203,000. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Archer Daniels Midland by 2.3% during the 2nd 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 during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Price Performance

Archer Daniels Midland stock opened at $80.19 on Thursday. The firm has a market cap of $38.65 billion, a PE ratio of 21.97 and a beta of 0.62. 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 fifty day moving average price is $79.97 and its two-hundred day moving average price is $75.64. Archer Daniels Midland Company has a one year low of $55.58 and a one year high of $88.46.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, beating 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 period in the prior year, the company posted $0.93 EPS. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. As a group, research analysts expect that Archer Daniels Midland Company will post 5.46 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, August 19th. Archer Daniels Midland’s payout ratio is 56.99%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Wall Street Zen cut shares of Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $60.00 to $79.00 in a report on Wednesday, August 5th. Barclays increased their price objective on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Archer Daniels Midland presently has an average rating of “Hold” and an average price target of $79.67.

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.