TD Waterhouse Canada Inc. Cuts Holdings in Archer Daniels Midland Company $ADM

TD Waterhouse Canada Inc. trimmed its position in Archer Daniels Midland Company (NYSE:ADM) by 20.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 102,158 shares of the company’s stock after selling 25,782 shares during the period. TD Waterhouse Canada Inc.’s holdings in Archer Daniels Midland were worth $7,833,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Kelleher Financial Advisors purchased a new position in shares of Archer Daniels Midland in the 2nd quarter worth approximately $25,000. Orion Capital Management LLC purchased a new stake in shares of Archer Daniels Midland during the second quarter valued at approximately $27,000. Global Trust Asset Management LLC bought a new stake in Archer Daniels Midland during the first quarter worth $29,000. OP Asset Management Ltd purchased a new position in Archer Daniels Midland in the first quarter worth $30,000. Finally, Motiv8 Investments LLC bought a new position in Archer Daniels Midland in the 4th quarter valued at $26,000. Institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Stock Up 0.3%

ADM stock opened at $84.66 on Friday. The stock has a fifty day moving average of $80.98 and a 200-day moving average of $76.31. 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 market capitalization of $40.80 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 2.58 and a beta of 0.62. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.39.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.35. The business had revenue of $22.68 billion for 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 firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 EPS. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. As a group, equities research analysts predict that Archer Daniels Midland Company will post 5.46 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The firm 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 yield of 2.5%. Archer Daniels Midland’s dividend payout ratio (DPR) is 56.99%.

Analysts Set New Price Targets

A number of research firms have recently commented on ADM. UBS Group lifted their target price on Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $60.00 to $79.00 in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 31st. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $79.67.

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.