Perigon Wealth Management LLC purchased a new stake in Archer Daniels Midland Company (NYSE:ADM – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,214 shares of the company’s stock, valued at approximately $551,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kelleher Financial Advisors purchased a new position in Archer Daniels Midland during the second quarter valued at $25,000. Motiv8 Investments LLC purchased a new stake in shares of Archer Daniels Midland during the fourth quarter worth about $26,000. Sankala Group LLC acquired a new position in shares of Archer Daniels Midland during the 4th quarter worth about $28,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Archer Daniels Midland during the 4th quarter worth about $29,000. Finally, Global Trust Asset Management LLC purchased a new position in Archer Daniels Midland in the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.
Wall Street Analysts Forecast Growth
ADM has been the subject of several research reports. Weiss Ratings upgraded Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. UBS Group lifted their price target on Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Barclays boosted their price target on Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. Wall Street Zen raised Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Finally, Zacks Research upgraded 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 issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $79.67.
Archer Daniels Midland Trading Down 2.0%
ADM opened at $80.80 on Thursday. The firm has a market capitalization of $38.94 billion, a price-to-earnings ratio of 22.14 and a beta of 0.62. The company’s 50 day simple moving average is $79.84 and its two-hundred day simple moving average is $75.19. Archer Daniels Midland Company has a 1-year low of $55.58 and a 1-year high of $88.46. 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 (NYSE:ADM – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $22.75 billion. During the same quarter last year, the firm earned $0.93 earnings per share. 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. Analysts expect that Archer Daniels Midland Company will post 5.46 EPS for the current fiscal year.
Archer Daniels Midland Dividend Announcement
The business also recently declared 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 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Wednesday, August 19th. Archer Daniels Midland’s 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.
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