Western Wealth Management LLC Purchases 10,469 Shares of Archer Daniels Midland Company $ADM

Western Wealth Management LLC grew its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 192.3% during the 1st quarter, HoldingsChannel reports. The fund owned 15,914 shares of the company’s stock after acquiring an additional 10,469 shares during the quarter. Western Wealth Management LLC’s holdings in Archer Daniels Midland were worth $1,157,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Motiv8 Investments LLC bought a new position in shares of Archer Daniels Midland during the fourth quarter valued at about $26,000. Sankala Group LLC purchased a new stake in shares of Archer Daniels Midland during the fourth quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC purchased a new position in shares of Archer Daniels Midland in the fourth quarter worth $29,000. Global Trust Asset Management LLC bought a new stake in Archer Daniels Midland in the 1st quarter worth $29,000. Finally, OP Asset Management Ltd purchased a new stake in shares of Archer Daniels Midland during the first quarter worth about $30,000. 78.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on ADM shares. Zacks Research raised Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Barclays raised their price target on Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $60.00 to $79.00 in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. lifted their price objective on Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $79.67.

Archer Daniels Midland Stock Performance

Shares of ADM opened at $79.90 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.27. The stock has a market cap of $38.51 billion, a P/E ratio of 21.89 and a beta of 0.62. The business’s 50 day moving average price is $79.86 and its 200-day moving average price is $74.72. Archer Daniels Midland Company has a 52 week low of $55.58 and a 52 week high of $88.46.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $22.75 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. The firm’s quarterly 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. 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. Stockholders of record on Wednesday, August 19th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, August 19th. Archer Daniels Midland’s payout ratio is currently 56.99%.

Archer Daniels Midland 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.