Corient Private Wealth LP Buys New Position in Archer Daniels Midland Company $ADM

Key Points

• Corient Private Wealth bought 151,005 ADM shares worth approximately $7.77 million in the second quarter. Institutional investors and hedge funds own 78.28% of the company.
• Analyst sentiment remains mixed, with ADM holding a consensus “Hold” rating and an average price target of $79.67, below its reported opening price of $81.43.
• ADM reported quarterly earnings of $1.84 per share, exceeding estimates of $1.49, while revenue rose 7.2% year over year to $22.68 billion. The company also declared a quarterly dividend of $0.52 per share, representing a 2.6% yield.

Corient Private Wealth LP purchased a new position in Archer Daniels Midland Company (NYSE:ADM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 151,005 shares of the company's stock, valued at approximately $7,774,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ausdal Financial Partners Inc. acquired a new position in shares of Archer Daniels Midland in the 2nd quarter worth approximately $437,000. Bank of America Corp DE purchased a new stake in shares of Archer Daniels Midland in the 2nd quarter valued at approximately $180,096,000. Caisse de depot et placement du Quebec purchased a new stake in shares of Archer Daniels Midland in the second quarter valued at $127,370,000. Pointe Capital Management LLC acquired a new stake in Archer Daniels Midland during the 2nd quarter worth about $475,000. Finally, Odyssean LLC acquired a new stake in shares of Archer Daniels Midland during the second quarter worth approximately $221,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an "underweight" rating in a report on Wednesday, May 6th. Weiss Ratings upgraded shares of Archer Daniels Midland from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 5th. Barclays boosted their target price on shares of 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. UBS Group increased their price target on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, June 15th. Finally, Wall Street Zen upgraded shares of Archer Daniels Midland from a "buy" rating to a "strong-buy" rating in a report on Monday. One 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.com, Archer Daniels Midland presently has a consensus rating of "Hold" and an average target price of $79.67.

Archer Daniels Midland Price Performance

Shares of Archer Daniels Midland stock opened at $81.43 on Monday. 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 firm has a fifty day moving average price of $80.18 and a two-hundred day moving average price of $75.83. Archer Daniels Midland Company has a fifty-two week low of $55.58 and a fifty-two week high of $88.46. The company has a market cap of $39.25 billion, a PE ratio of 22.31 and a beta of 0.62.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping analysts' consensus estimates of $1.49 by $0.35. The firm had revenue of $22.68 billion for the quarter, compared to the consensus estimate of $22.75 billion. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The business's revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.93 earnings per share. 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 year.

Archer Daniels Midland Dividend Announcement

The firm also recently announced 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 dividend payout ratio is presently 56.99%.

About Archer Daniels Midland

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.