Van ECK Associates Corp Lowers Stock Holdings in Archer Daniels Midland Company $ADM

Van ECK Associates Corp reduced its stake in Archer Daniels Midland Company (NYSE:ADM) by 51.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 722,220 shares of the company’s stock after selling 767,370 shares during the quarter. Van ECK Associates Corp’s holdings in Archer Daniels Midland were worth $55,178,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Archer Daniels Midland during the fourth quarter valued at approximately $402,743,000. Swedbank AB raised its holdings in Archer Daniels Midland by 9.2% in the 4th quarter. Swedbank AB now owns 399,047 shares of the company’s stock worth $22,941,000 after acquiring an additional 33,647 shares during the last quarter. Banque Cantonale Vaudoise lifted its position in Archer Daniels Midland by 56.4% in the 4th quarter. Banque Cantonale Vaudoise now owns 50,181 shares of the company’s stock valued at $2,886,000 after acquiring an additional 18,088 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Archer Daniels Midland by 385.5% during the 4th quarter. Fisher Asset Management LLC now owns 17,098 shares of the company’s stock valued at $983,000 after purchasing an additional 13,576 shares during the last quarter. Finally, North Dakota State Investment Board purchased a new stake in Archer Daniels Midland during the 4th quarter valued at $1,634,000. Institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Barclays boosted their price target on Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 5th. Zacks Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Weiss Ratings raised Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. UBS Group upped 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. Finally, Wall Street Zen cut shares of Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 23rd. One 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 assigned a Sell rating to the company. According to MarketBeat.com, Archer Daniels Midland presently has an average rating of “Hold” and a consensus price target of $79.67.

Archer Daniels Midland Stock Up 2.9%

ADM opened at $81.43 on Friday. 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 Company has a 1-year low of $55.58 and a 1-year high of $88.46. The company has a market capitalization of $39.25 billion, a PE ratio of 22.31 and a beta of 0.62. The firm’s 50 day simple moving average is $80.18 and its two-hundred day simple moving average is $75.77.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.49 by $0.35. The firm had revenue of $22.68 billion during the quarter, compared to analyst estimates of $22.75 billion. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%.Archer Daniels Midland’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 EPS. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. As a group, equities analysts forecast that Archer Daniels Midland Company will post 5.46 EPS for the current year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, August 19th. Archer Daniels Midland’s payout ratio is presently 56.99%.

Archer Daniels Midland 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.