Allworth Financial LP bought a new stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 16,950 shares of the company's stock, valued at approximately $1,295,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. AG acquired a new position in Archer Daniels Midland during the second quarter valued at approximately $3,147,000. TrinityBridge Ltd acquired a new stake in shares of Archer Daniels Midland in the 2nd quarter valued at $69,000. Silvant Capital Management LLC bought a new position in shares of Archer Daniels Midland in the 2nd quarter valued at $47,000. MJP Associates Inc. ADV acquired a new position in shares of Archer Daniels Midland during the 2nd quarter worth $287,000. Finally, Westport Asset Management Inc. bought a new stake in shares of Archer Daniels Midland during the 2nd quarter worth $573,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.
Archer Daniels Midland Trading Down 2.0%
Shares of ADM stock opened at $80.10 on Friday. Archer Daniels Midland Company has a 1-year low of $55.58 and a 1-year high of $88.46. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The stock has a market cap of $38.60 billion, a price-to-earnings ratio of 21.95 and a beta of 0.62. The stock has a 50-day moving average of $79.89 and a 200-day moving average of $75.33.
Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its 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 business had revenue of $22.68 billion for the quarter, compared to analysts' expectations of $22.75 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The firm's revenue 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. On average, equities research analysts forecast that Archer Daniels Midland Company will post 5.46 earnings per share for the current year.
Archer Daniels Midland Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be issued a $0.52 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.08 annualized dividend and a yield of 2.6%. Archer Daniels Midland's payout ratio is presently 56.99%.
Wall Street Analyst Weigh In
A number of research firms have issued reports on ADM. Barclays lifted their target price 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 raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $60.00 to $79.00 in a report on Wednesday, August 5th. Wall Street Zen cut shares of Archer Daniels Midland from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Finally, UBS Group increased their price objective on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $79.67.
View Our Latest Report on ADM
About Archer Daniels Midland
(
Free Report)
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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Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer Daniels Midland Company (NYSE:ADM - Free Report).

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