Waverly Advisors LLC reduced its holdings in shares of Archer Daniels Midland Company (NYSE:ADM – Free Report) by 20.7% in the second quarter, Holdings Channel reports. The institutional investor owned 44,672 shares of the company’s stock after selling 11,671 shares during the period. Waverly Advisors LLC’s holdings in Archer Daniels Midland were worth $3,413,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in ADM. Kelleher Financial Advisors acquired a new stake in shares of Archer Daniels Midland in the 2nd quarter worth about $25,000. Orion Capital Management LLC bought a new stake in Archer Daniels Midland during the 2nd quarter worth approximately $27,000. Global Trust Asset Management LLC purchased a new stake in shares of Archer Daniels Midland in the first quarter worth approximately $29,000. OP Asset Management Ltd bought a new position in shares of Archer Daniels Midland in the first quarter valued at approximately $30,000. Finally, Motiv8 Investments LLC purchased a new position in shares of Archer Daniels Midland during the fourth quarter valued at approximately $26,000. 78.28% of the stock is owned by institutional investors.
Analyst Ratings Changes
ADM has been the subject of a number of analyst reports. Barclays increased their price target on Archer Daniels Midland from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $60.00 to $79.00 in a report on Wednesday, August 5th. Wall Street Zen lowered shares of Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, Zacks Research upgraded shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Archer Daniels Midland presently has a consensus rating of “Hold” and a consensus price target of $79.67.
Archer Daniels Midland Stock Down 0.4%
Shares of NYSE:ADM opened at $86.57 on Friday. The company has a market capitalization of $41.72 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 2.65 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. The business has a fifty day moving average price of $81.89 and a two-hundred day moving average price of $76.91. Archer Daniels Midland Company has a 1 year low of $55.58 and a 1 year high of $88.75.
Archer Daniels Midland (NYSE:ADM – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.35. The company had revenue of $22.68 billion for the quarter, compared to analysts’ expectations of $22.75 billion. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%.The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 EPS. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. Analysts forecast that Archer Daniels Midland Company will post 5.46 earnings per share for the current year.
Archer Daniels Midland Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th were given a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.08 annualized dividend and a yield of 2.4%. Archer Daniels Midland’s payout ratio is currently 56.99%.
Archer Daniels Midland Company Profile
Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company. Founded in 1902, ADM connects farmers and agricultural markets with food, beverage, animal nutrition and industrial customers by sourcing, transporting, storing and processing crops and other agricultural commodities.
The company’s operations include the processing of oilseeds such as soybeans, canola and sunflower seeds into vegetable oils, protein meals and other ingredients. ADM also produces corn and wheat-based sweeteners, starches, flours, fibers and other carbohydrate products, along with plant-based proteins, flavors, emulsifiers and specialty ingredients used in food and beverage manufacturing.
ADM serves customers in markets around the world through its agricultural services, commodity merchandising, transportation, processing and storage networks.
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