Sax Wealth Advisors LLC purchased a new stake in Archer Daniels Midland Company (NYSE:ADM – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,179 shares of the company’s stock, valued at approximately $522,000.
Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Archer Daniels Midland during the 4th quarter valued at $402,743,000. Swedbank AB raised its position in shares of Archer Daniels Midland by 9.2% in the 4th quarter. Swedbank AB now owns 399,047 shares of the company’s stock worth $22,941,000 after buying an additional 33,647 shares during the period. Banque Cantonale Vaudoise boosted its holdings in Archer Daniels Midland by 56.4% in the fourth quarter. Banque Cantonale Vaudoise now owns 50,181 shares of the company’s stock valued at $2,886,000 after acquiring an additional 18,088 shares during the last quarter. Fisher Asset Management LLC increased its stake in Archer Daniels Midland by 385.5% during the fourth quarter. Fisher Asset Management LLC now owns 17,098 shares of the company’s stock worth $983,000 after acquiring an additional 13,576 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Archer Daniels Midland in the 4th quarter worth about $4,435,000. 78.28% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on ADM shares. Barclays boosted their target price on Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. UBS Group raised 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. JPMorgan Chase & Co. lifted their price target on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Wall Street Zen raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Zacks Research raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $79.67.
Archer Daniels Midland Trading Up 4.9%
NYSE ADM opened at $80.34 on Tuesday. The company has a market capitalization of $38.72 billion, a price-to-earnings ratio of 22.01 and a beta of 0.62. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.39 and a quick ratio of 0.86. Archer Daniels Midland Company has a 12 month low of $55.58 and a 12 month high of $88.46. The company’s fifty day moving average price is $79.98 and its two-hundred day moving average price is $74.54.
Archer Daniels Midland (NYSE:ADM – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $22.75 billion. During the same quarter in the prior year, the business posted $0.93 EPS. The company’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. As a group, research analysts predict that Archer Daniels Midland Company will post 5.46 earnings per share for the current fiscal year.
Archer Daniels Midland Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend 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 is currently 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.
Recommended Stories
- Five stocks we like better than Archer Daniels Midland
- SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
- 3 Dividend Champion Utilities for a Market That Can’t Sit Still
- These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
- First Solar’s Profit Engine Faces a New Policy Test in Washington
Receive News & Ratings for Archer Daniels Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer Daniels Midland and related companies with MarketBeat.com's FREE daily email newsletter.
