Wealthfront Advisers LLC Acquires Shares of 132,031 Archer Daniels Midland Company $ADM

Wealthfront Advisers LLC acquired a new stake in Archer Daniels Midland Company (NYSE:ADM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 132,031 shares of the company’s stock, valued at approximately $10,087,000.

Several other institutional investors have also recently made changes to their positions in ADM. BlackRock Inc. purchased a new stake in Archer Daniels Midland in the second quarter valued at $3,409,089,000. Norges Bank acquired a new position in shares of Archer Daniels Midland in the 4th quarter valued at about $402,743,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Archer Daniels Midland by 3,379.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,761,397 shares of the company’s stock valued at $316,525,000 after buying an additional 5,595,801 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Archer Daniels Midland by 831.3% in the fourth quarter. Victory Capital Management Inc. now owns 5,592,030 shares of the company’s stock worth $321,486,000 after buying an additional 4,991,550 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Archer Daniels Midland during the second quarter worth about $257,394,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. 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 report on Wednesday, August 5th. Morgan Stanley raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $60.00 to $79.00 in a research note on Wednesday, August 5th. UBS Group boosted their target price on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Wall Street Zen raised shares of Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Finally, Weiss Ratings upgraded shares of Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Archer Daniels Midland currently has a consensus rating of “Hold” and a consensus price target of $79.67.

Archer Daniels Midland Price Performance

Archer Daniels Midland stock opened at $80.80 on Thursday. The stock has a market capitalization of $38.94 billion, a P/E ratio of 22.14 and a beta of 0.62. The company’s fifty day moving average price is $79.84 and its 200 day moving average price is $75.19. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.39. Archer Daniels Midland Company has a 1 year low of $55.58 and a 1 year high of $88.46.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data 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. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The business had revenue of $22.68 billion for the quarter, compared to the consensus estimate of $22.75 billion. During the same period last year, the firm posted $0.93 earnings per share. The company’s revenue was up 7.2% compared to the same quarter last year. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. As a group, equities research analysts anticipate that Archer Daniels Midland Company will post 5.46 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 56.99%.

Archer Daniels Midland Company Profile

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.