Fifth Third Bancorp Has $6.16 Million Position in Archer Daniels Midland Company $ADM

Fifth Third Bancorp raised its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 362.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,754 shares of the company’s stock after purchasing an additional 66,410 shares during the period. Fifth Third Bancorp’s holdings in Archer Daniels Midland were worth $6,161,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Archer Daniels Midland during the fourth quarter valued at about $402,743,000. Procyon Advisors LLC increased its stake in shares of Archer Daniels Midland by 174.0% in the fourth quarter. Procyon Advisors LLC now owns 39,442 shares of the company’s stock worth $2,268,000 after purchasing an additional 25,048 shares during the period. Swedbank AB lifted its position in shares of Archer Daniels Midland by 9.2% during the 4th quarter. Swedbank AB now owns 399,047 shares of the company’s stock worth $22,941,000 after purchasing an additional 33,647 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Archer Daniels Midland by 1,542.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 397,444 shares of the company’s stock valued at $22,849,000 after purchasing an additional 373,241 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Archer Daniels Midland by 26.6% during the 4th quarter. SG Americas Securities LLC now owns 70,613 shares of the company’s stock valued at $4,060,000 after purchasing an additional 14,829 shares during the period. Institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Stock Up 0.7%

NYSE:ADM opened at $82.89 on Friday. The company has a market cap of $39.95 billion, a price-to-earnings ratio of 37.17 and a beta of 0.62. Archer Daniels Midland Company has a 52-week low of $52.23 and a 52-week high of $85.37. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.80 and a current ratio of 1.31. The stock’s fifty day moving average price is $79.16 and its two-hundred day moving average price is $72.07.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.05. The business had revenue of $20.49 billion for the quarter, compared to analyst estimates of $21.35 billion. Archer Daniels Midland had a return on equity of 7.37% and a net margin of 1.34%.The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.70 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. On average, analysts anticipate that Archer Daniels Midland Company will post 4.71 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were given a dividend of $0.52 per share. The ex-dividend date was Wednesday, May 20th. This represents a $2.08 dividend on an annualized basis and a yield of 2.5%. Archer Daniels Midland’s dividend payout ratio is presently 93.27%.

Analyst Ratings Changes

Several research analysts have commented on ADM shares. JPMorgan Chase & Co. lifted their price target on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Monday, April 20th. Wall Street Zen upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Barclays boosted their price objective on Archer Daniels Midland from $77.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Zacks Research lowered shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price 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.