Commerce Bank Acquires Shares of 46,175 Archer Daniels Midland Company $ADM

Commerce Bank bought a new position in Archer Daniels Midland Company (NYSE:ADM) in the second quarter, HoldingsChannel reports. The fund bought 46,175 shares of the company’s stock, valued at approximately $3,528,000.

Other institutional investors also recently modified their holdings of the company. Woodline Partners LP increased its stake in shares of Archer Daniels Midland by 40.8% in the first quarter. Woodline Partners LP now owns 40,429 shares of the company’s stock worth $1,941,000 after acquiring an additional 11,715 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Archer Daniels Midland by 5.3% during the second quarter. Daiwa Securities Group Inc. now owns 83,983 shares of the company’s stock valued at $4,433,000 after purchasing an additional 4,224 shares during the last quarter. Sei Investments Co. grew its stake in Archer Daniels Midland by 40.0% in the second quarter. Sei Investments Co. now owns 191,633 shares of the company’s stock valued at $10,116,000 after purchasing an additional 54,746 shares in the last quarter. Glenview Trust co acquired a new position in Archer Daniels Midland in the 2nd quarter worth about $203,000. Finally, Treasurer of the State of North Carolina increased its position in Archer Daniels Midland by 2.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 223,280 shares of the company’s stock worth $11,785,000 after purchasing an additional 5,051 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Price Performance

NYSE ADM opened at $78.13 on Tuesday. The stock has a 50-day simple moving average of $79.87 and a 200 day simple moving average of $75.46. Archer Daniels Midland Company has a twelve month low of $55.58 and a twelve month high of $88.46. The stock has a market capitalization of $37.65 billion, a PE ratio of 21.40 and a beta of 0.62. 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 (NYSE:ADM) last released its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $22.68 billion for the quarter, compared to analyst estimates of $22.75 billion. During the same quarter last year, the firm 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. Research analysts anticipate that Archer Daniels Midland Company will post 5.46 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a yield of 2.7%. Archer Daniels Midland’s payout ratio is 56.99%.

Analyst Ratings Changes

ADM has been the subject of several research reports. Wall Street Zen lowered Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a report on Sunday. UBS Group raised 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 report on Monday, June 15th. Morgan Stanley raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $60.00 to $79.00 in a research report on Wednesday, August 5th. JPMorgan Chase & Co. increased 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 note on Wednesday, May 6th. Finally, Zacks Research upgraded 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 issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average 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.