The Andersons (ANDE)
Moves grain, supplies crop nutrients, and produces ethanol across a North American network.
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Merchandises grain, feed ingredients, and other commodities; operates elevators; and manufactures and distributes plant nutrients through Agribusiness. Renewables produces ethanol and co-products at four Midwestern plants and trades biofuel feedstocks, tying results to crop flows, fertilizer demand, commodity spreads, and renewable-fuel policy.
Merchandises corn, wheat, soybeans, feed ingredients, and other physical commodities through Agribusiness, which also operates grain elevators and manufactures, distributes, and retails plant nutrients. Its network is centered in the United States and Canada, with additional merchandising operations abroad, earning trading, logistics, elevation, and storage margins from growers and end users.
Produces ethanol and co-products at four Midwestern plants through Renewables and trades ethanol, co-products, and renewable feedstocks. Physical grain origination, storage, risk management, and logistics serve external customers and the fuel plants, linking the two segments. Results depend on harvest volumes, commodity basis and spreads, seasonal fertilizer demand, corn and fuel prices, plant utilization, and renewable-fuel mandates and tax policy.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 5, 2026 | BMO Capital | Reiterate | Rating: —Target: $75 | Target: $90 |
| Aug 4, 2026 | Deutsche Bank | Target | Target: — | Target: $110 |
| Aug 4, 2026 | Bank of America Securities | Downgrade | Rating: — | |
| May 20, 2026 | UBS | Target | Target: — | Target: $90 |
| Feb 19, 2026 | BMO Capital | Reiterate | Rating: —Target: $65 | Target: $75 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $66.5M · Total debt $900.8M · Total assets $3.47B · Shareholders' equity $1.32B
- Revenue
- $3.10B
- Operating income
- $50.0M
- Net income
- $56.6M
HistoryDividendAnnual yieldUpcoming
| Institutions | 91.07% | 30.94M shares | |
|---|---|---|---|
| 308 holders · as of Jun 30, 2026 | |||
| Insiders | 4.06% | 1.38M shares | |
| 20 holders · as of Sep 3, 2026 | |||
| Other | 4.87% | 1.65M shares | |
| remainder | |||
33.98M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 18.40% | 6.25M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 7.20% | 2.45M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 6.93% | 2.36M | as of Jun 30, 2026 |
Invesco Ltd.Institution | 4.83% | 1.64M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.28% | 1.45M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 22, 2026 | Patrick E. Bowe | director | −3,534 | $80.53 |
| Jun 4, 2026 | Anne G. Rex | officer: VP, Strategy, Planning and Dev | −1,827 | $73.10 |
| May 5, 2026 | Patrick E. Bowe | director | −16,466 | $80.76 |
| Apr 30, 2026 | Patrick E. Bowe | director | −19,100 | $78.31 |
| Apr 29, 2026 | Patrick E. Bowe | director | −900 | $78.06 |
- Archer Daniels Midland
Broad overlap in grain merchandising, oilseeds, and ethanol
- Bunge
Global grain and oilseed processor overlapping agribusiness
- Green Plains
Ethanol, co-product, corn oil, and grain-trading overlap
- Nutrien
Crop-input giant across nutrients, agronomy, and fertilizer supply
- Valero Energy
Scaled ethanol and co-product producer in the U.S. Corn Belt
- Mosaic
Phosphate and potash supplier facing fertilizer channels
- CF Industries
Nitrogen fertilizer scale across crop-input channels
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| The Andersons | $68.77 | +0.43% | $2.33B | 13.2 | 11.4 | 0.2 | −1.2% |
| Archer Daniels Midland | $83.61 | +0.28% | $40.19B | 22.8 | 14.1 | 0.5 | +7.2% |
| Bunge | $112.67 | +0.05% | $21.63B | 21.9 | 10.6 | 0.2 | +88.3% |
| Green Plains | $15.13 | +1.89% | $1.04B | 9.6 | 8.9 | 0.6 | −19.3% |
| Nutrien | $75.17 | +0.85% | $35.78B | 15.1 | 14.3 | 1.3 | +0.3% |
| Valero Energy | $391.08 | −0.56% | $113.23B | 16.3 | 8.0 | 0.9 | +48.8% |
| Mosaic | $24.29 | +0.91% | $7.65B | 126.7 | 26.7 | 0.6 | −6.0% |
| CF Industries | $120.37 | −2.35% | $18.93B | 9.1 | 9.3 | 2.4 | +17.6% |
| Median | 16.3 | 10.6 | 0.6 | +7.2% |