NEOS Investment Management LLC Has $6.01 Million Stock Holdings in Archer Daniels Midland Company $ADM

NEOS Investment Management LLC lifted its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 14.3% in the second quarter, Holdings Channel.com reports. The fund owned 78,715 shares of the company’s stock after purchasing an additional 9,826 shares during the quarter. NEOS Investment Management LLC’s holdings in Archer Daniels Midland were worth $6,014,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in ADM. BlackRock Inc. bought a new stake in Archer Daniels Midland in the second quarter valued at about $3,409,089,000. Norges Bank bought a new position in Archer Daniels Midland during the fourth quarter worth about $402,743,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Archer Daniels Midland by 3,379.2% during 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 purchasing an additional 5,595,801 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Archer Daniels Midland by 831.3% in the 4th quarter. Victory Capital Management Inc. now owns 5,592,030 shares of the company’s stock valued at $321,486,000 after purchasing an additional 4,991,550 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Archer Daniels Midland in the 2nd quarter valued at approximately $257,394,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ADM shares. Weiss Ratings upgraded Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Barclays upped their price target on 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. UBS Group lifted their price objective on Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, June 15th. Wall Street Zen upgraded shares of Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 31st. Finally, Zacks Research raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. One equities 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $79.67.

Archer Daniels Midland Stock Performance

Archer Daniels Midland stock opened at $84.66 on Monday. The stock has a 50-day simple moving average of $80.98 and a 200 day simple moving average of $76.35. The stock has a market capitalization of $40.80 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 2.58 and a beta of 0.62. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.27. Archer Daniels Midland Company has a 12-month low of $55.58 and a 12-month high of $88.46.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.35. The firm had revenue of $22.68 billion for the quarter, compared to analyst estimates of $22.75 billion. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 EPS. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. On average, research analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, August 19th. Archer Daniels Midland’s dividend payout ratio is 56.99%.

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.