Van ECK Associates Corp Sells 767,370 Shares of Archer Daniels Midland Company $ADM

Van ECK Associates Corp cut its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 51.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 722,220 shares of the company’s stock after selling 767,370 shares during the quarter. Van ECK Associates Corp owned 0.15% of Archer Daniels Midland worth $55,178,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ADM. Woodline Partners LP lifted its stake in Archer Daniels Midland by 40.8% in the first quarter. Woodline Partners LP now owns 40,429 shares of the company’s stock worth $1,941,000 after purchasing an additional 11,715 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Archer Daniels Midland by 5.3% in the second quarter. Daiwa Securities Group Inc. now owns 83,983 shares of the company’s stock worth $4,433,000 after buying an additional 4,224 shares during the period. Sei Investments Co. lifted its stake in shares of Archer Daniels Midland by 40.0% in the 2nd quarter. Sei Investments Co. now owns 191,633 shares of the company’s stock valued at $10,116,000 after acquiring an additional 54,746 shares during the last quarter. Glenview Trust co purchased a new stake in Archer Daniels Midland during the 2nd quarter valued at about $203,000. Finally, Treasurer of the State of North Carolina boosted its holdings in Archer Daniels Midland by 2.3% during 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 acquiring an additional 5,051 shares during the period. Institutional investors own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ADM. Wall Street Zen downgraded Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 23rd. UBS Group upped their price target on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, June 15th. Zacks Research raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Morgan Stanley raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $60.00 to $79.00 in a report on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $79.67.

Archer Daniels Midland Stock Performance

Shares of ADM opened at $81.43 on Friday. The company has a 50-day simple moving average of $80.18 and a two-hundred day simple moving average of $75.77. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.39 and a quick ratio of 0.86. The firm has a market capitalization of $39.25 billion, a PE ratio of 22.31 and a beta of 0.62. Archer Daniels Midland Company has a one year low of $55.58 and a one year high of $88.46.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping 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 firm had revenue of $22.68 billion for the quarter, compared to the consensus estimate of $22.75 billion. During the same quarter in the prior year, the business earned $0.93 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. On average, analysts anticipate that Archer Daniels Midland Company will post 5.46 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders 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 payout ratio is 56.99%.

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.