Wealth Effects LLC Makes New Investment in Archer Daniels Midland Company $ADM

Wealth Effects LLC acquired a new stake in Archer Daniels Midland Company (NYSE:ADM) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 6,300 shares of the company’s stock, valued at approximately $481,000.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Archer Daniels Midland during the fourth quarter valued at about $402,743,000. Swedbank AB grew its stake in shares of Archer Daniels Midland by 9.2% in the fourth quarter. Swedbank AB now owns 399,047 shares of the company’s stock worth $22,941,000 after purchasing an additional 33,647 shares during the last quarter. Banque Cantonale Vaudoise increased its holdings in Archer Daniels Midland by 56.4% during the 4th quarter. Banque Cantonale Vaudoise now owns 50,181 shares of the company’s stock valued at $2,886,000 after purchasing an additional 18,088 shares during the period. Fisher Asset Management LLC increased its holdings in Archer Daniels Midland by 385.5% during the 4th quarter. Fisher Asset Management LLC now owns 17,098 shares of the company’s stock valued at $983,000 after purchasing an additional 13,576 shares during the period. Finally, North Dakota State Investment Board bought a new position in Archer Daniels Midland during the 4th quarter valued at approximately $1,634,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Barclays increased their price objective on Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Wall Street Zen upgraded Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Research raised Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Morgan Stanley raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $60.00 to $79.00 in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. One equities research 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 issued a Sell rating to the stock. According to MarketBeat, Archer Daniels Midland presently has a consensus rating of “Hold” and a consensus price target of $79.67.

Archer Daniels Midland Stock Performance

Archer Daniels Midland stock opened at $80.44 on Monday. The stock’s 50 day simple moving average is $79.78 and its two-hundred day simple moving average is $74.90. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.39. The stock has a market cap of $38.77 billion, a price-to-earnings ratio of 22.04 and a beta of 0.62. Archer Daniels Midland Company has a fifty-two week low of $55.58 and a fifty-two week high of $88.46.

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

Archer Daniels Midland Announces Dividend

The company 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. This represents a $2.08 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, August 19th. Archer Daniels Midland’s dividend payout ratio is presently 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.