994,987 Shares in Archer Daniels Midland Company $ADM Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in Archer Daniels Midland Company (NYSE:ADM) during the second quarter, Holdings Channel.com reports. The fund acquired 994,987 shares of the company’s stock, valued at approximately $76,067,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADM. BlackRock Inc. acquired a new stake in shares of Archer Daniels Midland in the 2nd quarter valued at $3,409,089,000. Norges Bank bought a new stake in shares of Archer Daniels Midland during the 4th quarter worth $402,743,000. Northwestern Mutual Wealth Management Co. boosted its stake in Archer Daniels Midland by 3,379.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,761,397 shares of the company’s stock valued at $316,525,000 after buying an additional 5,595,801 shares in the last quarter. Victory Capital Management Inc. grew its position in Archer Daniels Midland by 831.3% in 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 during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Archer Daniels Midland in the second quarter valued at about $257,394,000. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Stock Up 1.3%

Archer Daniels Midland stock opened at $80.19 on Thursday. The firm has a market capitalization of $38.65 billion, a price-to-earnings ratio of 21.97 and a beta of 0.62. The firm’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 1-year low of $55.58 and a 1-year high of $88.46. 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 (NYSE:ADM) last posted its earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.49 by $0.35. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The company had revenue of $22.68 billion during the quarter, compared to the consensus estimate of $22.75 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. On average, equities research analysts predict that Archer Daniels Midland Company will post 5.46 earnings per share for the current fiscal 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 dividend of $0.52 per share. 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 currently 56.99%.

Analysts Set New Price Targets

A number of research firms recently issued reports on ADM. Weiss Ratings upgraded shares of Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price target on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Morgan Stanley raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $60.00 to $79.00 in a research report on Wednesday, August 5th. Zacks Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, Wall Street Zen lowered shares of Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research note on Sunday. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Archer Daniels Midland currently has a consensus rating of “Hold” and a consensus price target of $79.67.

Archer Daniels Midland 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.