Public Employees Retirement System of Ohio Invests $13.24 Million in Archer Daniels Midland Company $ADM

Public Employees Retirement System of Ohio purchased a new position in Archer Daniels Midland Company (NYSE:ADM) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 173,332 shares of the company’s stock, valued at approximately $13,243,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. MASTERINVEST Kapitalanlage GmbH acquired a new position in shares of Archer Daniels Midland during the second quarter valued at about $1,036,000. Proficio Capital Partners LLC bought a new stake in shares of Archer Daniels Midland during the second quarter valued at approximately $225,000. Transamerica Financial Advisors LLC acquired a new stake in shares of Archer Daniels Midland during the 2nd quarter valued at about $84,000. Corient Private Wealth LP acquired a new position in Archer Daniels Midland in the second quarter worth about $7,774,000. Finally, Ausdal Financial Partners Inc. acquired a new stake in Archer Daniels Midland during the second quarter valued at approximately $437,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ADM. Wall Street Zen upgraded shares of Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research note on Monday. JPMorgan Chase & Co. raised their target price on Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. 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. UBS Group increased their price objective on Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Finally, Weiss Ratings upgraded Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. One 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 issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $79.67.

Archer Daniels Midland Stock Down 0.1%

Shares of Archer Daniels Midland stock opened at $81.43 on Monday. 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. The stock has a market cap of $39.25 billion, a PE ratio of 22.31 and a beta of 0.62. The business has a fifty day simple moving average of $80.18 and a 200 day simple moving average of $75.83.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data 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. The firm had revenue of $22.68 billion during the quarter, compared to analysts’ expectations of $22.75 billion. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. Research analysts predict that Archer Daniels Midland Company will post 5.46 EPS for the current year.

Archer Daniels Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be given a $0.52 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.08 annualized dividend and a dividend yield of 2.6%. Archer Daniels Midland’s payout ratio is currently 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.