Principle Wealth Partners LLC Buys New Stake in Archer Daniels Midland Company $ADM

by · The Markets Daily

Principle Wealth Partners LLC bought a new stake in Archer Daniels Midland Company (NYSE:ADM – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor bought 6,646 shares of the company’s stock, valued at approximately $508,000.

Several other hedge funds and other institutional investors have also modified their holdings of ADM. Kelleher Financial Advisors acquired a new stake in shares of Archer Daniels Midland in the second quarter valued at $25,000. Global Trust Asset Management LLC acquired a new position in Archer Daniels Midland during the 1st quarter worth about $29,000. OP Asset Management Ltd purchased a new position in Archer Daniels Midland during the 1st quarter valued at about $30,000. Motiv8 Investments LLC purchased a new position in Archer Daniels Midland during the 4th quarter valued at about $26,000. Finally, Sankala Group LLC acquired a new position in Archer Daniels Midland in the 4th quarter valued at about $28,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of recent research reports. UBS Group boosted their price target on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. JPMorgan Chase & Co. lifted their price objective on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Wall Street Zen raised shares of Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Research upgraded shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, Morgan Stanley raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $60.00 to $79.00 in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Archer Daniels Midland has a consensus rating of “Hold” and a consensus target price of $79.67.

View Our Latest Stock Analysis on Archer Daniels Midland

Archer Daniels Midland Price Performance

ADM stock opened at $81.32 on Tuesday. The business’s 50-day moving average is $79.80 and its two-hundred day moving average is $74.99. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.39 and a quick ratio of 0.86. The firm has a market capitalization of $39.19 billion, a P/E ratio of 22.28 and a beta of 0.62. 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 – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 EPS 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 business had revenue of $22.68 billion during the quarter, compared to the consensus estimate of $22.75 billion. During the same period in the previous year, the company posted $0.93 earnings per share. 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. Analysts anticipate 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. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.6%. The ex-dividend date is Wednesday, August 19th. Archer Daniels Midland’s payout ratio is 56.99%.

Archer Daniels Midland Company Profile

(Free Report)

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.

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