Principal Financial Group Inc. Boosts Stake in Archer Daniels Midland Company $ADM

Principal Financial Group Inc. increased its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 5.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 680,493 shares of the company’s stock after buying an additional 33,194 shares during the quarter. Principal Financial Group Inc.’s holdings in Archer Daniels Midland were worth $49,465,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in ADM. Toth Financial Advisory Corp acquired a new stake in shares of Archer Daniels Midland in the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC purchased a new position in shares of Archer Daniels Midland during the fourth quarter worth approximately $26,000. Sankala Group LLC acquired a new position in shares of Archer Daniels Midland in the 4th quarter valued at $28,000. Nalls Sherbakoff Group LLC purchased a new stake in Archer Daniels Midland in the 4th quarter valued at $29,000. Finally, Global Trust Asset Management LLC purchased a new stake in Archer Daniels Midland in the 1st quarter valued at $29,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Stock Performance

Shares of ADM opened at $85.86 on Friday. The stock has a market capitalization of $41.38 billion, a P/E ratio of 38.50 and a beta of 0.62. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.80 and a current ratio of 1.31. Archer Daniels Midland Company has a 1 year low of $52.96 and a 1 year high of $86.00. The company’s fifty day moving average is $79.32 and its two-hundred day moving average is $72.17.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, May 5th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.66 by $0.05. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.37%. The company had revenue of $20.49 billion during the quarter, compared to analysts’ expectations of $21.35 billion. During the same quarter last year, the business earned $0.70 EPS. The business’s 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, sell-side analysts predict that Archer Daniels Midland Company will post 4.71 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, May 20th. Archer Daniels Midland’s payout ratio is currently 93.27%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Morgan Stanley raised their price objective on shares of Archer Daniels Midland from $54.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. increased their target price on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Barclays raised their price target on Archer Daniels Midland from $77.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. UBS Group boosted 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Monday, April 20th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $75.33.

Archer Daniels Midland Company 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.