Kingsview Wealth Management LLC Makes New $854,000 Investment in Archer Daniels Midland Company $ADM

Kingsview Wealth Management LLC purchased a new stake in Archer Daniels Midland Company (NYSE:ADM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,182 shares of the company’s stock, valued at approximately $854,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ADM. Woodline Partners LP increased its stake in Archer Daniels Midland by 40.8% in the first quarter. Woodline Partners LP now owns 40,429 shares of the company’s stock valued at $1,941,000 after purchasing an additional 11,715 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Archer Daniels Midland by 5.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 83,983 shares of the company’s stock worth $4,433,000 after purchasing an additional 4,224 shares in the last quarter. Sei Investments Co. grew its stake in shares of Archer Daniels Midland by 40.0% in the 2nd quarter. Sei Investments Co. now owns 191,633 shares of the company’s stock valued at $10,116,000 after buying an additional 54,746 shares during the period. Glenview Trust co bought a new stake in Archer Daniels Midland in the 2nd quarter valued at about $203,000. Finally, Treasurer of the State of North Carolina raised its stake in Archer Daniels Midland by 2.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 223,280 shares of the company’s stock worth $11,785,000 after buying an additional 5,051 shares during the period. 78.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ADM has been the topic of several recent research reports. Weiss Ratings upgraded Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Morgan Stanley raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $60.00 to $79.00 in a research report on Wednesday, August 5th. Barclays increased 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. Wall Street Zen upgraded shares of Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research note on Monday. Finally, UBS Group upped their price objective on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $79.67.

Archer Daniels Midland Stock Down 0.1%

ADM stock opened at $81.43 on Monday. The firm has a market capitalization of $39.25 billion, a PE ratio of 22.31 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 Company has a twelve month low of $55.58 and a twelve month high of $88.46. The stock’s 50 day moving average is $80.18 and its 200-day moving average is $75.83.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.35. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%.The business had revenue of $22.68 billion during the quarter, compared to analyst estimates of $22.75 billion. During the same period in the prior year, the firm posted $0.93 EPS. Archer Daniels Midland’s quarterly revenue 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. Sell-side analysts expect that Archer Daniels Midland Company will post 5.46 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be issued a $0.52 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.08 annualized dividend and a dividend yield of 2.6%. Archer Daniels Midland’s dividend payout ratio is currently 56.99%.

Archer Daniels Midland Company 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.