TD Waterhouse Canada Inc. Has $7.83 Million Stake in Archer Daniels Midland Company $ADM

TD Waterhouse Canada Inc. lowered its stake in Archer Daniels Midland Company (NYSE:ADM) by 20.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,158 shares of the company’s stock after selling 25,782 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Archer Daniels Midland were worth $7,833,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Woodline Partners LP grew its holdings in Archer Daniels Midland by 40.8% in the first quarter. Woodline Partners LP now owns 40,429 shares of the company’s stock worth $1,941,000 after purchasing an additional 11,715 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Archer Daniels Midland by 5.3% during the second quarter. Daiwa Securities Group Inc. now owns 83,983 shares of the company’s stock valued at $4,433,000 after purchasing an additional 4,224 shares during the period. Sei Investments Co. raised its holdings in shares of Archer Daniels Midland by 40.0% during the second quarter. Sei Investments Co. now owns 191,633 shares of the company’s stock valued at $10,116,000 after purchasing an additional 54,746 shares during the period. Glenview Trust co bought a new position in shares of Archer Daniels Midland during the 2nd quarter worth about $203,000. Finally, Treasurer of the State of North Carolina grew its stake in shares of Archer Daniels Midland by 2.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 223,280 shares of the company’s stock valued at $11,785,000 after buying an additional 5,051 shares during the period. 78.28% of the stock is owned by institutional investors.

Archer Daniels Midland Price Performance

Shares of NYSE ADM opened at $84.66 on Friday. The stock has a market cap of $40.80 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 2.58 and a beta of 0.62. 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 fifty-two week low of $55.58 and a fifty-two week high of $88.46. The firm’s 50-day simple moving average is $80.98 and its 200 day simple moving average is $76.31.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $22.75 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The company’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. As a group, research 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, August 19th. Archer Daniels Midland’s dividend payout ratio is presently 56.99%.

Analyst Ratings Changes

A number of research analysts recently weighed in on ADM shares. Morgan Stanley raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $60.00 to $79.00 in a research note on Wednesday, August 5th. Zacks Research raised Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. UBS Group boosted their price objective on Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, June 15th. Weiss Ratings raised Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Finally, Barclays lifted their price target on shares of 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. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Archer Daniels Midland has a consensus rating of “Hold” and a consensus target price of $79.67.

About Archer Daniels Midland

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.