Cullen Capital Management LLC Buys New Stake in Archer Daniels Midland Company $ADM

Cullen Capital Management LLC bought a new position in Archer Daniels Midland Company (NYSE:ADM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 21,630 shares of the company’s stock, valued at approximately $1,653,000.

A number of other hedge funds also recently bought and sold shares of the company. Woodline Partners LP grew its position in shares of Archer Daniels Midland by 40.8% in the first quarter. Woodline Partners LP now owns 40,429 shares of the company’s stock valued at $1,941,000 after purchasing an additional 11,715 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Archer Daniels Midland by 5.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 83,983 shares of the company’s stock worth $4,433,000 after purchasing an additional 4,224 shares during the last quarter. Sei Investments Co. boosted its stake in Archer Daniels Midland by 40.0% during the 2nd quarter. Sei Investments Co. now owns 191,633 shares of the company’s stock valued at $10,116,000 after purchasing an additional 54,746 shares during the period. Glenview Trust co bought a new stake in Archer Daniels Midland during the 2nd quarter valued at approximately $203,000. Finally, Treasurer of the State of North Carolina grew its holdings in Archer Daniels Midland by 2.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 223,280 shares of the company’s stock valued at $11,785,000 after buying an additional 5,051 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Price Performance

Shares of ADM stock opened at $78.13 on Tuesday. Archer Daniels Midland Company has a 12 month low of $55.58 and a 12 month high of $88.46. The company has a market capitalization of $37.65 billion, a P/E ratio of 21.40 and a beta of 0.62. The stock has a 50 day moving average of $79.87 and a two-hundred day moving average of $75.46. 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 released 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 business had revenue of $22.68 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. As a group, equities analysts expect that Archer Daniels Midland Company will post 5.46 EPS for the current year.

Archer Daniels Midland Dividend Announcement

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 issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, August 19th. Archer Daniels Midland’s payout ratio is 56.99%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $60.00 to $79.00 in a research note on Wednesday, August 5th. Weiss Ratings upgraded shares of Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Wall Street Zen downgraded shares of Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $79.67.

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.