Mirae Asset Global Investments Co. Ltd. Acquires New Holdings in Archer Daniels Midland Company $ADM

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Archer Daniels Midland Company (NYSE:ADM) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 607,309 shares of the company’s stock, valued at approximately $48,208,000. Mirae Asset Global Investments Co. Ltd. owned 0.13% of Archer Daniels Midland as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ADM. Vise Technologies Inc. bought a new position in shares of Archer Daniels Midland during the 3rd quarter worth $1,013,000. Cidel Asset Management Inc. boosted its stake in shares of Archer Daniels Midland by 6.4% during the third quarter. Cidel Asset Management Inc. now owns 16,242 shares of the company’s stock valued at $1,289,000 after purchasing an additional 974 shares in the last quarter. Unison Advisors LLC raised its stake in Archer Daniels Midland by 0.6% in the third quarter. Unison Advisors LLC now owns 58,402 shares of the company’s stock worth $4,636,000 after buying an additional 374 shares in the last quarter. MGO One Seven LLC raised its position in shares of Archer Daniels Midland by 0.9% in the 3rd quarter. MGO One Seven LLC now owns 17,320 shares of the company’s stock worth $1,375,000 after acquiring an additional 156 shares in the last quarter. Finally, Glenview Trust Co lifted its position in shares of Archer Daniels Midland by 34.8% during the third quarter. Glenview Trust Co now owns 5,008 shares of the company’s stock valued at $398,000 after buying an additional 1,292 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Price Performance

Archer Daniels Midland stock opened at $76.97 on Monday. The stock has a market capitalization of $37.10 billion, a P/E ratio of 21.09, a P/E/G ratio of 2.32 and a beta of 0.63. The company’s fifty day moving average price is $81.87 and its 200 day moving average price is $76.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.39. Archer Daniels Midland Company has a 1 year low of $55.58 and a 1 year high of $88.75.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $22.75 billion. During the same period in the previous year, the firm posted $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 research analysts anticipate that Archer Daniels Midland Company will post 5.52 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th were issued a $0.52 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a yield of 2.7%. Archer Daniels Midland’s dividend payout ratio is presently 56.99%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Weiss Ratings downgraded Archer Daniels Midland from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Stephens raised their price objective on Archer Daniels Midland from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Morgan Stanley raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $60.00 to $79.00 in a research report on Wednesday, August 5th. William Blair initiated coverage on Archer Daniels Midland in a research note on Tuesday, September 15th. They set a “buy” rating on the stock. Finally, JPMorgan Chase & Co. cut their price objective on shares of Archer Daniels Midland from $77.00 to $75.00 and set an “underweight” rating on the stock in a report on Monday, October 12th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Archer Daniels Midland presently has a consensus rating of “Hold” and an average target price of $81.75.

Archer Daniels Midland Company Profile

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

The company processes oilseeds, corn, wheat and other crops into ingredients and products used in food and beverages, animal nutrition, renewable fuels and industrial applications. Its offerings include vegetable oils, protein meals, sweeteners, starches, flour, food ingredients, animal feed ingredients and biofuels, as well as specialty ingredients developed through its nutrition businesses.

ADM operates an integrated network of agricultural facilities, processing plants, transportation assets and commercial offices serving customers across North America, South America, Europe, Asia and other international markets.