Connor Clark & Lunn Investment Management Ltd. Takes Position in Archer Daniels Midland Company $ADM

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Archer Daniels Midland Company (NYSE:ADM) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 37,656 shares of the company’s stock, valued at approximately $2,877,000.

Other hedge funds have also added to or reduced their stakes in the company. Kelleher Financial Advisors acquired a new position in Archer Daniels Midland in the 2nd quarter valued at approximately $25,000. Global Trust Asset Management LLC acquired a new position in shares of Archer Daniels Midland during the first quarter worth $29,000. OP Asset Management Ltd bought a new stake in shares of Archer Daniels Midland in the first quarter worth $30,000. Motiv8 Investments LLC acquired a new stake in Archer Daniels Midland in the fourth quarter valued at $26,000. Finally, Sankala Group LLC acquired a new stake in Archer Daniels Midland in the fourth quarter valued at $28,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Performance

Shares of Archer Daniels Midland stock opened at $81.43 on Friday. The business has a 50-day moving average price of $80.18 and a two-hundred day moving average price of $75.77. Archer Daniels Midland Company has a 1-year low of $55.58 and a 1-year high of $88.46. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The company has a market cap of $39.25 billion, a P/E ratio of 22.31 and a beta of 0.62.

Archer Daniels Midland (NYSE:ADM) last announced 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. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%.The company had revenue of $22.68 billion for the quarter, compared to the consensus estimate of $22.75 billion. During the same period in the previous year, the business earned $0.93 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. As a group, 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 issued 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 is Wednesday, August 19th. Archer Daniels Midland’s dividend payout ratio is presently 56.99%.

Analyst Upgrades and Downgrades

A number of research firms have commented on ADM. UBS Group upped their price target 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. Morgan Stanley raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $60.00 to $79.00 in a research note on Wednesday, August 5th. Barclays upped their target price on Archer Daniels Midland from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. raised their price target on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen downgraded shares of Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 23rd. One investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Archer Daniels Midland currently has an average rating of “Hold” and a consensus target price 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.