SteelPeak Wealth LLC Acquires Shares of 73,861 Archer Daniels Midland Company $ADM

Key Points

• SteelPeak Wealth LLC acquired 73,861 shares of Archer Daniels Midland Company (ADM) during the second quarter, valued at approximately $3.9 million, increasing institutional ownership in the company.
• Analysts have recently upgraded their ratings for ADM, with UBS issuing a new price target of $70.00, indicating a strong growth outlook for the stock.
• Archer Daniels Midland declared a quarterly dividend of $0.51 per share, reflecting an annual yield of 3.3% and a dividend payout ratio of 89.87%.

SteelPeak Wealth LLC acquired a new stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 73,861 shares of the company's stock, valued at approximately $3,898,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SOA Wealth Advisors LLC. purchased a new stake in shares of Archer Daniels Midland in the second quarter worth about $25,000. S.A. Mason LLC purchased a new stake in shares of Archer Daniels Midland in the first quarter worth about $25,000. Headlands Technologies LLC purchased a new stake in shares of Archer Daniels Midland in the first quarter worth about $25,000. ORG Partners LLC lifted its holdings in shares of Archer Daniels Midland by 297.2% in 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. Finally, NBC Securities Inc. purchased a new stake in shares of Archer Daniels Midland in the first quarter worth about $37,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of recent analyst reports. UBS Group reissued a "buy" rating and issued a $70.00 price target (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Morgan Stanley upped their price objective on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. Barclays upgraded shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $50.00 to $61.00 in a research report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Archer Daniels Midland in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price objective on the stock. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $55.50.

Archer Daniels Midland Stock Up 2.3%

Shares of NYSE ADM opened at $62.46 on Tuesday. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $64.38. 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 firm's 50 day simple moving average is $60.19 and its two-hundred day simple moving average is $53.43. The stock has a market capitalization of $30.01 billion, a P/E ratio of 27.52, a PEG ratio of 3.25 and a beta of 0.70.

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

Archer Daniels Midland Dividend Announcement

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.