Public Employees Retirement System of Ohio Takes $13.24 Million Position in Archer Daniels Midland Company $ADM

Public Employees Retirement System of Ohio purchased a new position in Archer Daniels Midland Company (NYSE:ADM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 173,332 shares of the company’s stock, valued at approximately $13,243,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Kelleher Financial Advisors acquired a new position in shares of Archer Daniels Midland in the 2nd quarter worth $25,000. Motiv8 Investments LLC acquired a new position in Archer Daniels Midland in the 4th quarter worth approximately $26,000. Sankala Group LLC purchased a new position in Archer Daniels Midland during the 4th quarter worth approximately $28,000. Nalls Sherbakoff Group LLC acquired a new stake in Archer Daniels Midland during the 4th quarter valued at $29,000. Finally, Global Trust Asset Management LLC acquired a new stake in shares of Archer Daniels Midland in the first quarter worth $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 $81.43 on Monday. The firm has a market cap of $39.25 billion, a price-to-earnings ratio of 22.31 and a beta of 0.62. The company’s fifty day moving average is $80.18 and its 200-day moving average is $75.83. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.27. Archer Daniels Midland Company has a 12 month low of $55.58 and a 12 month high of $88.46.

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 the consensus estimate of $1.49 by $0.35. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The business had revenue of $22.68 billion during the quarter, compared to analyst estimates of $22.75 billion. During the same quarter in the previous year, the business earned $0.93 EPS. Archer Daniels Midland’s quarterly 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. Equities analysts expect that Archer Daniels Midland Company will post 5.46 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, August 19th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 56.99%.

Wall Street Analyst Weigh In

ADM has been the topic of several recent analyst reports. Morgan Stanley raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $60.00 to $79.00 in a research report on Wednesday, August 5th. Wall Street Zen raised shares of Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research report on Monday. Barclays increased 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. Weiss Ratings upgraded Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Finally, UBS Group raised their price target on Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $79.67.

About Archer Daniels Midland

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.