Integrated Wealth Concepts LLC Buys 8,443 Shares of Archer Daniels Midland Company $ADM

Key Points

• Integrated Wealth Concepts LLC increased its holdings in Archer Daniels Midland Company by 9.6%, owning 96,000 shares valued at approximately $4.61 million.
• Recent analyst reports show a mix of ratings for Archer Daniels Midland, with a consensus rating of "Hold" and an average target price of $55.50.
• The company recently declared a quarterly dividend of $0.51 per share, representing an annualized yield of 3.2%.

Integrated Wealth Concepts LLC grew its position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 9.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 96,000 shares of the company's stock after acquiring an additional 8,443 shares during the period. Integrated Wealth Concepts LLC's holdings in Archer Daniels Midland were worth $4,609,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. S.A. Mason LLC purchased a new stake in shares of Archer Daniels Midland in the 1st quarter worth approximately $25,000. Headlands Technologies LLC purchased a new position in shares of Archer Daniels Midland in the 1st quarter worth about $25,000. ORG Partners LLC boosted its stake in Archer Daniels Midland by 297.2% in the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $34,000 after purchasing an additional 523 shares in the last quarter. NBC Securities Inc. bought a new stake in Archer Daniels Midland during the 1st quarter valued at about $37,000. Finally, Capital Advisors Ltd. LLC raised its holdings in Archer Daniels Midland by 43.4% in the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock worth $38,000 after buying an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Stock Performance

Shares of NYSE:ADM traded down $0.82 during midday trading on Wednesday, hitting $61.38. The company had a trading volume of 3,605,657 shares, compared to its average volume of 3,932,748. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. The company has a market cap of $29.49 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 3.32 and a beta of 0.68. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $64.38. The company has a fifty day moving average of $57.87 and a two-hundred day moving average of $51.63.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.05. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The business had revenue of $21.17 billion during the quarter, compared to analyst estimates of $21.56 billion. During the same quarter in the prior year, the business posted $1.03 EPS. Archer Daniels Midland's revenue for the quarter was down 4.9% compared to the same quarter last year. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. On average, equities research analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio is presently 89.87%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ADM shares. JPMorgan Chase & Co. assumed coverage on Archer Daniels Midland in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price target for the company. Wall Street Zen upgraded shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Morgan Stanley boosted their target price on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 12th. UBS Group reiterated a "buy" rating and set a $70.00 target price (up from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Finally, Barclays upgraded shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $55.50.

Archer Daniels Midland Profile

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.