Meeder Asset Management Inc. Buys New Position in Archer Daniels Midland Company $ADM

Meeder Asset Management Inc. bought a new position in shares of Archer Daniels Midland Company (NYSE:ADM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,798 shares of the company’s stock, valued at approximately $1,513,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Woodline Partners LP grew its stake in shares of Archer Daniels Midland by 40.8% during the first quarter. Woodline Partners LP now owns 40,429 shares of the company’s stock valued at $1,941,000 after acquiring an additional 11,715 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Archer Daniels Midland by 5.3% during the second quarter. Daiwa Securities Group Inc. now owns 83,983 shares of the company’s stock worth $4,433,000 after acquiring an additional 4,224 shares during the last quarter. Sei Investments Co. lifted its stake 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 worth $10,116,000 after acquiring an additional 54,746 shares in the last quarter. Glenview Trust co purchased a new position in Archer Daniels Midland in the second quarter valued at about $203,000. Finally, Treasurer of the State of North Carolina boosted its holdings 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 valued at $11,785,000 after purchasing an additional 5,051 shares during the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer Daniels Midland Trading Up 1.5%

Shares of NYSE ADM opened at $82.54 on Wednesday. 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 stock’s 50 day moving average price is $79.85 and its two-hundred day moving average price is $75.10. Archer Daniels Midland Company has a 52-week low of $55.58 and a 52-week high of $88.46. The stock has a market capitalization of $39.78 billion, a P/E ratio of 22.61 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, 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 during the quarter, compared to analyst estimates of $22.75 billion. During the same quarter last year, the firm earned $0.93 EPS. The business’s revenue 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, analysts anticipate that Archer Daniels Midland Company will post 5.46 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm 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. This represents a $2.08 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, August 19th. Archer Daniels Midland’s payout ratio is currently 56.99%.

Analyst Ratings Changes

Several research firms have issued reports on ADM. Wall Street Zen upgraded Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings upgraded Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. raised their price target on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Zacks Research raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, UBS Group increased their price objective on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, June 15th. One investment 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.