Lazard Asset Management LLC Invests $2.65 Million in Archer Daniels Midland Company $ADM

Lazard Asset Management LLC bought a new stake in shares of Archer Daniels Midland Company (NYSE:ADM) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 36,419 shares of the company’s stock, valued at approximately $2,647,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ADM. Norges Bank purchased a new position in shares of Archer Daniels Midland during the 4th quarter worth approximately $402,743,000. Swedbank AB lifted its stake in shares of Archer Daniels Midland by 9.2% in the 4th quarter. Swedbank AB now owns 399,047 shares of the company’s stock valued at $22,941,000 after purchasing an additional 33,647 shares during the period. Banque Cantonale Vaudoise boosted its position in shares of Archer Daniels Midland by 56.4% during the fourth quarter. Banque Cantonale Vaudoise now owns 50,181 shares of the company’s stock valued at $2,886,000 after purchasing an additional 18,088 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Archer Daniels Midland by 385.5% during the fourth 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 in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in Archer Daniels Midland in the fourth quarter worth $4,435,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

ADM has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Friday, July 17th. Morgan Stanley upped their target price on shares of Archer Daniels Midland from $58.00 to $60.00 and gave the stock an “underweight” rating in a research report on Monday, July 20th. Jefferies Financial Group increased their price target on shares of Archer Daniels Midland from $65.00 to $77.00 and gave the stock a “hold” rating in a research note on Monday, April 6th. Barclays lifted their price target on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Zacks Research lowered shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Archer Daniels Midland presently has an average rating of “Reduce” and an average target price of $75.67.

Archer Daniels Midland Stock Down 1.7%

Shares of NYSE:ADM opened at $79.27 on Friday. The stock has a fifty day simple moving average of $80.14 and a two-hundred day simple moving average of $73.89. The stock has a market capitalization of $38.20 billion, a price-to-earnings ratio of 35.54 and a beta of 0.62. Archer Daniels Midland Company has a 12-month low of $52.96 and a 12-month high of $88.46. The company has a current ratio of 1.31, a quick ratio of 0.80 and a debt-to-equity ratio of 0.28.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, May 5th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. Archer Daniels Midland had a return on equity of 7.37% and a net margin of 1.34%.The firm had revenue of $20.49 billion for the quarter, compared to analysts’ expectations of $21.35 billion. During the same period in the prior year, the firm posted $0.70 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. On average, research analysts anticipate that Archer Daniels Midland Company will post 4.76 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Wednesday, May 20th. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 93.27%.

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.