RFG Advisory LLC Has $942,000 Stock Position in Archer Daniels Midland Company $ADM

RFG Advisory LLC cut its holdings in Archer Daniels Midland Company (NYSE:ADM) by 38.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 12,332 shares of the company’s stock after selling 7,855 shares during the quarter. RFG Advisory LLC’s holdings in Archer Daniels Midland were worth $942,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ADM. BlackRock Inc. acquired a new stake in Archer Daniels Midland in the 2nd quarter worth about $3,409,089,000. California State Teachers Retirement System grew its position in shares of Archer Daniels Midland by 7,551.0% during the 2nd quarter. California State Teachers Retirement System now owns 42,784,458 shares of the company’s stock worth $3,268,733,000 after purchasing an additional 42,225,256 shares in the last quarter. Norges Bank acquired a new position in shares of Archer Daniels Midland during the 4th quarter worth approximately $402,743,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 purchasing an additional 5,595,801 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Archer Daniels Midland by 831.3% in the fourth 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. 78.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ADM shares. Wall Street Zen cut Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 8th. Zacks Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Morgan Stanley upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $60.00 to $79.00 in a research report on Wednesday, August 5th. Weiss Ratings raised Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Finally, Barclays raised their price target on Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. One investment 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 given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $79.67.

Archer Daniels Midland Stock Performance

Archer Daniels Midland stock opened at $86.57 on Friday. Archer Daniels Midland Company has a 12-month low of $55.58 and a 12-month high of $88.75. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average price is $81.89 and its two-hundred day moving average price is $76.91. The stock has a market cap of $41.72 billion, a PE ratio of 23.72, a P/E/G ratio of 2.65 and a beta of 0.62.

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

Archer Daniels Midland Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th were given a $0.52 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a yield of 2.4%. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 56.99%.

Archer Daniels Midland Company Profile

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company. Founded in 1902, ADM connects farmers and agricultural markets with food, beverage, animal nutrition and industrial customers by sourcing, transporting, storing and processing crops and other agricultural commodities.

The company’s operations include the processing of oilseeds such as soybeans, canola and sunflower seeds into vegetable oils, protein meals and other ingredients. ADM also produces corn and wheat-based sweeteners, starches, flours, fibers and other carbohydrate products, along with plant-based proteins, flavors, emulsifiers and specialty ingredients used in food and beverage manufacturing.

ADM serves customers in markets around the world through its agricultural services, commodity merchandising, transportation, processing and storage networks.