Hsbc Holdings PLC Raises Holdings in Archer Daniels Midland Company $ADM

Hsbc Holdings PLC raised its holdings in Archer Daniels Midland Company (NYSE:ADM) by 11.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 994,987 shares of the company’s stock after acquiring an additional 102,989 shares during the quarter. Hsbc Holdings PLC owned 0.21% of Archer Daniels Midland worth $76,067,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in 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. Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $60.00 to $79.00 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. Barclays boosted their target price on shares of 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 Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $79.67.

Archer Daniels Midland Price Performance

Shares of ADM opened at $84.66 on Monday. Archer Daniels Midland Company has a one year low of $55.58 and a one year high of $88.46. The firm has a market capitalization of $40.80 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 2.58 and a beta of 0.62. The stock’s fifty day moving average is $80.98 and its 200-day moving average is $76.35. 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 issued 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. The company had revenue of $22.68 billion during 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 business’s revenue for the quarter was up 7.2% compared to the same quarter last year. 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. Equities analysts anticipate that Archer Daniels Midland Company will post 5.46 EPS for the current year.

Archer Daniels Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders 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 yield of 2.5%. Archer Daniels Midland’s payout ratio is 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.