40,453 Shares in Archer Daniels Midland Company $ADM Bought by Legacy Financial Strategies LLC

Legacy Financial Strategies LLC acquired a new stake in Archer Daniels Midland Company (NYSE:ADM) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 40,453 shares of the company’s stock, valued at approximately $2,417,000.

Other hedge funds also recently made changes to their positions in the company. Trust Co. of Vermont increased its holdings in Archer Daniels Midland by 367.0% during the third quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock worth $30,000 after buying an additional 400 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Archer Daniels Midland during the 2nd quarter valued at approximately $32,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Archer Daniels Midland during the 2nd quarter worth approximately $36,000. Evelyn Partners Investment Management Services Ltd bought a new stake in shares of Archer Daniels Midland in the 2nd quarter worth approximately $37,000. Finally, Vermillion & White Wealth Management Group LLC lifted its stake in Archer Daniels Midland by 61.2% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 698 shares of the company’s stock valued at $37,000 after purchasing an additional 265 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. BMO Capital Markets reissued a “market perform” rating and issued a $63.00 target price on shares of Archer Daniels Midland in a research report on Wednesday. UBS Group reissued a “buy” rating on shares of Archer Daniels Midland in a report on Monday, December 15th. JPMorgan Chase & Co. upped their price objective on shares of Archer Daniels Midland from $60.00 to $61.00 and gave the company an “underweight” rating in a report on Wednesday, February 4th. Morgan Stanley downgraded shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $57.00 to $50.00 in a research note on Tuesday, December 16th. Finally, Zacks Research upgraded shares of Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $57.00.

Archer Daniels Midland Trading Up 1.4%

Shares of ADM opened at $66.35 on Monday. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $69.75. The stock has a market cap of $31.89 billion, a PE ratio of 29.89, a P/E/G ratio of 0.89 and a beta of 0.71. The company has a quick ratio of 0.92, a current ratio of 11.20 and a debt-to-equity ratio of 0.33. The business’s 50-day moving average price is $61.88 and its 200-day moving average price is $60.71.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.80 by $0.07. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.39%. The company had revenue of $18.56 billion during the quarter, compared to analysts’ expectations of $21.03 billion. During the same quarter in the previous year, the company earned $1.14 earnings per share. Archer Daniels Midland’s revenue for the quarter was down 13.7% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 3.600-4.250 EPS. On average, equities analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from Archer Daniels Midland’s previous quarterly dividend of $0.51. The ex-dividend date is Tuesday, February 17th. Archer Daniels Midland’s dividend payout ratio (DPR) is 93.69%.

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.