Perigon Wealth Management LLC Invests $231,000 in Archer Daniels Midland Company $ADM

Key Points

• Perigon Wealth Management LLC has acquired a new stake in Archer Daniels Midland Company (NYSE:ADM), purchasing 4,378 shares valued at approximately $231,000 during the second quarter.
• Wall Street analysts remain optimistic, with several firms, including UBS and Morgan Stanley, raising their price targets for ADM, reflecting a consensus rating of "Hold" and a target price of $55.50.
• Archer Daniels Midland reported earnings of $0.93 per share for the last quarter, exceeding estimates, but revenue declined by 4.9% year-over-year, with a quarterly dividend of $0.51 per share recently paid to investors.

Perigon Wealth Management LLC acquired a new position in Archer Daniels Midland Company (NYSE:ADM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,378 shares of the company's stock, valued at approximately $231,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. S.A. Mason LLC acquired a new stake in Archer Daniels Midland during the first quarter worth $25,000. Headlands Technologies LLC acquired a new stake in Archer Daniels Midland during the first quarter worth $25,000. ORG Partners LLC boosted its stake in Archer Daniels Midland by 297.2% during the first quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $34,000 after buying an additional 523 shares in the last quarter. NBC Securities Inc. acquired a new stake in Archer Daniels Midland during the first quarter worth $37,000. Finally, Capital Advisors Ltd. LLC boosted its stake in Archer Daniels Midland by 43.4% during 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 in the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ADM. UBS Group reiterated a "buy" rating and set a $70.00 price target (up previously from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. 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. JPMorgan Chase & Co. assumed coverage on shares of Archer Daniels Midland in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 target price on the stock. 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 analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Archer Daniels Midland currently has a consensus rating of "Hold" and a consensus target price of $55.50.

Archer Daniels Midland Stock Down 0.7%

Shares of NYSE ADM opened at $59.35 on Thursday. The firm's 50-day simple moving average is $59.85 and its 200 day simple moving average is $53.06. The company has a market cap of $28.51 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 3.18 and a beta of 0.70. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $64.38.

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 the consensus estimate of $0.88 by $0.05. The business had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $21.56 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The firm's quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. On average, research analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were given a dividend of $0.51 per share. The ex-dividend date was Wednesday, August 20th. This represents a $2.04 annualized dividend and a yield of 3.4%. Archer Daniels Midland's dividend payout ratio is 89.87%.

Archer Daniels Midland Company 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.

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