88,490 Shares in Archer Daniels Midland Company $ADM Purchased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC bought a new stake in Archer Daniels Midland Company (NYSE:ADM) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 88,490 shares of the company’s stock, valued at approximately $6,761,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Tema ETFs LLC lifted its holdings in shares of Archer Daniels Midland by 8.9% during the 2nd quarter. Tema ETFs LLC now owns 7,066 shares of the company’s stock worth $540,000 after acquiring an additional 580 shares during the period. G&S Capital LLC increased its stake in Archer Daniels Midland by 3.3% in the second quarter. G&S Capital LLC now owns 15,081 shares of the company’s stock valued at $1,152,000 after acquiring an additional 486 shares during the last quarter. City Holding Co. increased its stake in Archer Daniels Midland by 57.1% in the second quarter. City Holding Co. now owns 6,675 shares of the company’s stock valued at $510,000 after acquiring an additional 2,426 shares during the last quarter. Charles Schwab Trust Co raised its position in Archer Daniels Midland by 15.1% during the second quarter. Charles Schwab Trust Co now owns 3,822 shares of the company’s stock valued at $292,000 after purchasing an additional 500 shares in the last quarter. Finally, Sax Wealth Advisors LLC bought a new stake in Archer Daniels Midland during the second quarter worth $522,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ADM shares. UBS Group raised their target price 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 upgraded Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research report 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. Wall Street Zen upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Morgan Stanley raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $60.00 to $79.00 in a research note on Wednesday, August 5th. One equities 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. Based on data from MarketBeat, Archer Daniels Midland currently has an average rating of “Hold” and an average target price of $79.67.

Archer Daniels Midland Stock Performance

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

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company 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 earned $0.93 earnings per share. The company’s revenue for the quarter 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, equities analysts forecast that Archer Daniels Midland Company will post 5.46 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, August 19th. Archer Daniels Midland’s dividend payout ratio is presently 56.99%.

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.