Archer Daniels Midland Company $ADM Shares Purchased by Sax Wealth Advisors LLC

Key Points

• Sax Wealth Advisors increased its ADM position by 271.4% in the third quarter, adding 19,482 shares to hold 26,661 shares valued at approximately $2.12 million. Institutional investors and hedge funds collectively own 78.28% of the company.
• Analyst sentiment remains mixed: ADM has a consensus “Hold” rating with an average price target of $79.83, below its reported trading price of $83.19.
• ADM reported quarterly EPS of $1.84, beating estimates of $1.49, while revenue rose 7.2% year over year to $22.68 billion. The company also maintains a quarterly dividend of $0.52, equivalent to a 2.5% annual yield.

Sax Wealth Advisors LLC grew its position in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 271.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,661 shares of the company's stock after buying an additional 19,482 shares during the quarter. Sax Wealth Advisors LLC's holdings in Archer Daniels Midland were worth $2,116,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Kelleher Financial Advisors acquired a new stake in shares of Archer Daniels Midland during the 2nd quarter worth approximately $25,000. Orion Capital Management LLC bought a new position in Archer Daniels Midland in the second quarter valued at approximately $27,000. Global Trust Asset Management LLC bought a new position in Archer Daniels Midland in the first quarter valued at approximately $29,000. OP Asset Management Ltd acquired a new position in Archer Daniels Midland during the first quarter valued at approximately $30,000. Finally, Archer Investment Corp acquired a new position in Archer Daniels Midland during the second quarter valued at approximately $35,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on ADM. JPMorgan Chase & Co. cut their target price on Archer Daniels Midland from $77.00 to $75.00 and set an "underweight" rating for the company in a research note on Monday. Barclays lifted their price target on Archer Daniels Midland from $85.00 to $90.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 5th. Morgan Stanley upgraded 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 research note on Wednesday, August 5th. Weiss Ratings raised Archer Daniels Midland from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, October 8th. Finally, Zacks Research downgraded Archer Daniels Midland from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Archer Daniels Midland presently has a consensus rating of "Hold" and an average price target of $79.83.

Archer Daniels Midland Trading Up 3.4%

ADM opened at $83.19 on Wednesday. The company's 50 day moving average is $82.01 and its 200-day moving average is $79.03. Archer Daniels Midland Company has a 1-year low of $55.58 and a 1-year high of $88.75. 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 company has a market cap of $40.10 billion, a P/E ratio of 18.53, a PEG ratio of 2.44 and a beta of 0.64.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.35. The company had revenue of $22.68 billion for the quarter, compared to analyst estimates of $22.75 billion. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The firm's revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 EPS. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. Equities research analysts predict that Archer Daniels Midland Company will post 5.50 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently announced 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 was Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a yield of 2.5%. Archer Daniels Midland's dividend payout ratio (DPR) is currently 56.99%.

About Archer Daniels Midland

Archer Daniels Midland Company NYSE: ADM is a global agricultural origination and processing company that converts crops and other plant-based materials into food, feed, fuel and industrial ingredients. The company sources, transports, stores and processes commodities such as corn, soybeans, wheat and oilseeds through an extensive network of elevators, processing facilities and transportation assets.

ADM's businesses include agricultural services and oilseeds, carbohydrate solutions, and nutrition.

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