115,435 Shares in Archer Daniels Midland Company $ADM Purchased by Jupiter Topco LLC

Jupiter Topco LLC acquired a new position in Archer Daniels Midland Company (NYSE:ADM) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 115,435 shares of the company’s stock, valued at approximately $8,819,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ADM. Hsbc Holdings PLC bought a new position in shares of Archer Daniels Midland during the second quarter worth approximately $76,067,000. EFG International AG acquired a new stake in Archer Daniels Midland during the second quarter worth approximately $269,000. Canada Pension Plan Investment Board bought a new position in Archer Daniels Midland during the 2nd quarter worth $59,302,000. Kinloch Capital LLC acquired a new position in Archer Daniels Midland in the 2nd quarter valued at $4,799,000. Finally, Legal & General Group Plc bought a new stake in shares of Archer Daniels Midland during the 2nd quarter valued at $198,233,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Price Performance

Archer Daniels Midland stock opened at $81.43 on Monday. The stock has a 50-day moving average price of $80.18 and a two-hundred day moving average price of $75.83. The company has a market capitalization of $39.25 billion, a PE ratio of 22.31 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 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 announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $22.68 billion during the quarter, compared to analysts’ expectations of $22.75 billion. During the same period in the prior year, the company posted $0.93 EPS. The company’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. 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 declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Wednesday, August 19th. Archer Daniels Midland’s payout ratio is 56.99%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Barclays increased their target price 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. Morgan Stanley raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $60.00 to $79.00 in a research report on Wednesday, August 5th. UBS Group raised their target price on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, June 15th. Zacks Research upgraded shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen upgraded shares of Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Archer Daniels Midland has a consensus 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.