Sigma Planning Corp Acquires 1,499 Shares of Archer Daniels Midland Company $ADM

Sigma Planning Corp raised its holdings in Archer Daniels Midland Company (NYSE:ADM) by 5.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,487 shares of the company’s stock after acquiring an additional 1,499 shares during the quarter. Sigma Planning Corp’s holdings in Archer Daniels Midland were worth $1,451,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of ADM. Headlands Technologies LLC bought a new position in Archer Daniels Midland in the 1st quarter valued at $25,000. SOA Wealth Advisors LLC. purchased a new stake in shares of Archer Daniels Midland in the 2nd quarter worth $25,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Archer Daniels Midland in the 2nd quarter worth $32,000. Pandora Wealth Inc. purchased a new stake in shares of Archer Daniels Midland in the 1st quarter worth $39,000. Finally, ST Germain D J Co. Inc. purchased a new stake in shares of Archer Daniels Midland in the 2nd quarter worth $51,000. Institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Trading Down 6.4%

Archer Daniels Midland stock opened at $56.25 on Thursday. The stock has a 50-day moving average of $61.44 and a two-hundred day moving average of $55.84. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $65.00. The stock has a market cap of $27.03 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 4.78 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The company had revenue of $20.37 billion during the quarter, compared to analysts’ expectations of $20.96 billion. During the same period last year, the business posted $1.09 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. On average, research analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $59.00 target price (down from $61.00) on shares of Archer Daniels Midland in a report on Wednesday. UBS Group reiterated a “buy” rating and issued a $70.00 target price (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Wall Street Zen upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Morgan Stanley upped their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Archer Daniels Midland has an average rating of “Reduce” and an average target price of $55.25.

Archer Daniels Midland Profile

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.