Keebeck Wealth Management Acquires New Position in Archer Daniels Midland Company $ADM

Keebeck Wealth Management acquired a new stake in Archer Daniels Midland Company (NYSE:ADM) in the second quarter, HoldingsChannel.com reports. The fund acquired 10,195 shares of the company’s stock, valued at approximately $779,000.

A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Archer Daniels Midland in the second quarter valued at approximately $3,409,089,000. Norges Bank purchased a new position in Archer Daniels Midland during the fourth quarter worth approximately $402,743,000. Northwestern Mutual Wealth Management Co. boosted its stake in Archer Daniels Midland by 3,379.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,761,397 shares of the company’s stock worth $316,525,000 after buying an additional 5,595,801 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Archer Daniels Midland by 831.3% in the 4th quarter. Victory Capital Management Inc. now owns 5,592,030 shares of the company’s stock valued at $321,486,000 after buying an additional 4,991,550 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Archer Daniels Midland in the 2nd quarter valued at $257,394,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ADM has been the topic of several analyst reports. UBS Group lifted their price target on Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, June 15th. Zacks Research raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Weiss Ratings upgraded 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 raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $60.00 to $79.00 in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Archer Daniels Midland currently has a consensus rating of “Hold” and a consensus price target of $79.67.

Archer Daniels Midland Price Performance

NYSE:ADM opened at $80.10 on Friday. Archer Daniels Midland Company has a 52 week low of $55.58 and a 52 week high of $88.46. The stock’s fifty day moving average is $79.89 and its two-hundred day moving average is $75.33. The company has a market capitalization of $38.60 billion, a P/E ratio of 21.95 and a beta of 0.62. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.27.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.35. The business had revenue of $22.68 billion during the quarter, compared to analysts’ expectations of $22.75 billion. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%.The company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 EPS. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. Equities analysts expect that Archer Daniels Midland Company will post 5.46 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be paid a dividend of $0.52 per share. 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 dividend payout ratio (DPR) 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.