7,641 Shares in Archer Daniels Midland Company $ADM Acquired by Old North State Trust LLC

Old North State Trust LLC purchased a new position in Archer Daniels Midland Company (NYSE:ADM) during the 2nd quarter, Holdings Channel reports. The fund purchased 7,641 shares of the company’s stock, valued at approximately $584,000.

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

Analysts Set New Price Targets

A number of research analysts recently commented on ADM shares. Zacks Research raised Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Wall Street Zen lowered shares of Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 23rd. UBS Group lifted their target price on Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, June 15th. 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. Finally, JPMorgan Chase & Co. increased their target price on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Archer Daniels Midland currently has an average rating of “Hold” and an average target price of $79.67.

Archer Daniels Midland Trading Down 1.2%

NYSE ADM opened at $79.12 on Friday. Archer Daniels Midland Company has a one year low of $55.58 and a one year high of $88.46. 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 company has a market capitalization of $38.13 billion, a price-to-earnings ratio of 21.68 and a beta of 0.62. The company’s 50-day simple moving average is $80.05 and its two-hundred day simple moving average is $75.73.

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

Archer Daniels Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Wednesday, August 19th. Archer Daniels Midland’s dividend payout ratio is 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.