Kingsview Wealth Management LLC Invests $854,000 in Archer Daniels Midland Company $ADM

Kingsview Wealth Management LLC bought a new stake in Archer Daniels Midland Company (NYSE:ADM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,182 shares of the company’s stock, valued at approximately $854,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ADM. Kelleher Financial Advisors purchased a new position in Archer Daniels Midland in the second quarter worth $25,000. Orion Capital Management LLC bought a new position in Archer Daniels Midland in the 2nd quarter valued at $27,000. Global Trust Asset Management LLC purchased a new stake in shares of Archer Daniels Midland during the 1st quarter valued at $29,000. OP Asset Management Ltd bought a new stake in shares of Archer Daniels Midland during the 1st quarter worth $30,000. Finally, Motiv8 Investments LLC bought a new stake in shares of Archer Daniels Midland during the 4th quarter worth $26,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer Daniels Midland Stock Performance

Shares of ADM stock opened at $81.43 on Monday. The firm’s 50 day moving average is $80.18 and its 200 day moving average is $75.83. The stock has a market capitalization of $39.25 billion, a P/E ratio of 22.31 and a beta of 0.62. Archer Daniels Midland Company has a 12 month low of $55.58 and a 12 month high of $88.46. 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 (NYSE:ADM) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.35. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The business had revenue of $22.68 billion during the quarter, compared to analyst estimates of $22.75 billion. During the same period in the previous year, the business earned $0.93 EPS. Archer Daniels Midland’s 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. On average, sell-side analysts anticipate that Archer Daniels Midland Company will post 5.46 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

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. The ex-dividend date is Wednesday, August 19th. This represents a $2.08 annualized dividend and a dividend yield of 2.6%. Archer Daniels Midland’s payout ratio is 56.99%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $60.00 to $79.00 in a research report on Wednesday, August 5th. Zacks Research upgraded shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Wall Street Zen raised shares of Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research report on Monday. Weiss Ratings upgraded shares of Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. lifted 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. One research 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.