Old North State Trust LLC Makes New $584,000 Investment in Archer Daniels Midland Company $ADM

Old North State Trust LLC bought a new position in shares of Archer Daniels Midland Company (NYSE:ADM) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,641 shares of the company’s stock, valued at approximately $584,000.

A number of other hedge funds also recently bought and sold shares of the business. Quadrant Capital Group LLC increased its position in shares of Archer Daniels Midland by 0.6% during the fourth quarter. Quadrant Capital Group LLC now owns 23,166 shares of the company’s stock valued at $1,332,000 after buying an additional 146 shares during the period. Atlantic Union Bankshares Corp raised its position in shares of Archer Daniels Midland by 5.1% in the 4th quarter. Atlantic Union Bankshares Corp now owns 3,127 shares of the company’s stock worth $180,000 after acquiring an additional 153 shares in the last quarter. Summit Financial LLC boosted its position in shares of Archer Daniels Midland by 0.9% during the fourth quarter. Summit Financial LLC now owns 16,947 shares of the company’s stock valued at $974,000 after purchasing an additional 153 shares in the last quarter. QRG Capital Management Inc. grew its stake in Archer Daniels Midland by 0.8% in the first quarter. QRG Capital Management Inc. now owns 20,648 shares of the company’s stock worth $1,501,000 after purchasing an additional 164 shares during the period. Finally, Midwest Trust Co lifted its position in Archer Daniels Midland by 4.3% during the first quarter. Midwest Trust Co now owns 4,009 shares of the company’s stock valued at $291,000 after buying an additional 167 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ADM shares. Zacks Research raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. upped their price target on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Barclays boosted their target price on Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. UBS Group upped their target price on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Finally, Wall Street Zen downgraded shares of Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 23rd. One 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $79.67.

Archer Daniels Midland Stock Performance

Shares of ADM stock opened at $79.12 on Friday. 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 company has a 50 day moving average price of $80.05 and a 200-day moving average price of $75.73. Archer Daniels Midland Company has a 52 week low of $55.58 and a 52 week high of $88.46. The firm has a market capitalization of $38.13 billion, a PE ratio of 21.68 and a beta of 0.62.

Archer Daniels Midland (NYSE:ADM) last issued 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 company had revenue of $22.68 billion for the quarter, compared to the consensus estimate of $22.75 billion. During the same quarter in the prior year, the firm earned $0.93 earnings per share. The firm’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. As a group, equities research analysts expect that Archer Daniels Midland Company will post 5.46 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be issued a $0.52 dividend. The ex-dividend date of this dividend 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 presently 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.