Western Wealth Management LLC Takes $907,000 Position in Archer Daniels Midland Company $ADM

Western Wealth Management LLC bought a new position in Archer Daniels Midland Company (NYSE:ADM) in the second quarter, Holdings Channel reports. The firm bought 11,878 shares of the company’s stock, valued at approximately $907,000.

Other hedge funds have also bought and sold shares of the company. Quadrant Capital Group LLC lifted its stake in shares of Archer Daniels Midland by 0.6% during the fourth quarter. Quadrant Capital Group LLC now owns 23,166 shares of the company’s stock worth $1,332,000 after buying an additional 146 shares during the period. Atlantic Union Bankshares Corp raised its stake in Archer Daniels Midland by 5.1% in the 4th quarter. Atlantic Union Bankshares Corp now owns 3,127 shares of the company’s stock worth $180,000 after acquiring an additional 153 shares during the last quarter. Summit Financial LLC lifted its position in Archer Daniels Midland by 0.9% during the 4th quarter. Summit Financial LLC now owns 16,947 shares of the company’s stock worth $974,000 after acquiring an additional 153 shares during the period. QRG Capital Management Inc. lifted its position in Archer Daniels Midland by 0.8% during the 1st quarter. QRG Capital Management Inc. now owns 20,648 shares of the company’s stock worth $1,501,000 after acquiring an additional 164 shares during the period. Finally, Midwest Trust Co grew its stake in Archer Daniels Midland by 4.3% during the 1st quarter. Midwest Trust Co now owns 4,009 shares of the company’s stock valued at $291,000 after purchasing an additional 167 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Zacks Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. increased their price target 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. Weiss Ratings raised shares of Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $60.00 to $79.00 in a research note on Wednesday, August 5th. Finally, Barclays upped their price objective on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Archer Daniels Midland presently has an average rating of “Hold” and an average price target of $79.67.

Archer Daniels Midland Stock Performance

NYSE ADM opened at $79.10 on Wednesday. The stock has a market capitalization of $38.12 billion, a price-to-earnings ratio of 21.67 and a beta of 0.62. The stock has a 50-day moving average of $79.90 and a 200 day moving average of $75.54. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. Archer Daniels Midland Company has a twelve month low of $55.58 and a twelve month high of $88.46.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.49 by $0.35. The company had revenue of $22.68 billion for the quarter, compared to analyst estimates of $22.75 billion. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%.Archer Daniels Midland’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. Sell-side analysts anticipate that Archer Daniels Midland Company will post 5.46 EPS 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 issued 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 payout ratio is presently 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.