Hsbc Holdings PLC Has $76.07 Million Holdings in Archer Daniels Midland Company $ADM

Hsbc Holdings PLC grew its holdings in Archer Daniels Midland Company (NYSE:ADM) by 11.5% in the second quarter, Holdings Channel.com reports. The firm owned 994,987 shares of the company’s stock after purchasing an additional 102,989 shares during the period. Hsbc Holdings PLC’s holdings in Archer Daniels Midland were worth $76,067,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Kelleher Financial Advisors purchased a new stake in Archer Daniels Midland in the 2nd quarter worth approximately $25,000. Motiv8 Investments LLC acquired a new stake in shares of Archer Daniels Midland in the fourth quarter worth about $26,000. Orion Capital Management LLC acquired a new stake in Archer Daniels Midland in the 2nd quarter worth approximately $27,000. Sankala Group LLC acquired a new stake in shares of Archer Daniels Midland in the fourth quarter worth $28,000. Finally, Nalls Sherbakoff Group LLC acquired a new position in Archer Daniels Midland during the 4th quarter worth $29,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wall Street Zen upgraded Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a report on Monday, August 31st. Zacks Research upgraded shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. UBS Group boosted their target price 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. Barclays increased their price target on Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Archer Daniels Midland presently has an average rating of “Hold” and an average target price of $79.67.

Archer Daniels Midland Stock Performance

NYSE ADM opened at $84.66 on Monday. Archer Daniels Midland Company has a 1 year low of $55.58 and a 1 year high of $88.46. The firm has a market capitalization of $40.80 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 2.58 and a beta of 0.62. The firm’s fifty day moving average price is $80.98 and its two-hundred day moving average price is $76.35. 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 for the quarter, topping 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 the consensus estimate of $22.75 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. The business’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, research analysts anticipate that Archer Daniels Midland Company will post 5.46 EPS for the current year.

Archer Daniels Midland Announces Dividend

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 issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.08 annualized dividend and a dividend yield of 2.5%. Archer Daniels Midland’s payout ratio is presently 56.99%.

Archer Daniels Midland Company Profile

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.