Perigon Wealth Management LLC Invests $551,000 in Archer Daniels Midland Company $ADM

Perigon Wealth Management LLC purchased a new stake in shares of Archer Daniels Midland Company (NYSE:ADM) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 7,214 shares of the company’s stock, valued at approximately $551,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Archer Daniels Midland during the 4th quarter worth about $402,743,000. Swedbank AB raised its holdings in Archer Daniels Midland by 9.2% in the 4th quarter. Swedbank AB now owns 399,047 shares of the company’s stock valued at $22,941,000 after buying an additional 33,647 shares during the period. Banque Cantonale Vaudoise lifted its position in Archer Daniels Midland by 56.4% in the fourth quarter. Banque Cantonale Vaudoise now owns 50,181 shares of the company’s stock valued at $2,886,000 after buying an additional 18,088 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Archer Daniels Midland by 385.5% during the fourth quarter. Fisher Asset Management LLC now owns 17,098 shares of the company’s stock worth $983,000 after buying an additional 13,576 shares during the period. Finally, North Dakota State Investment Board acquired a new stake in shares of Archer Daniels Midland during the fourth quarter valued at about $1,634,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ADM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Barclays increased their price objective on shares of 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. Morgan Stanley raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $60.00 to $79.00 in a research report on Wednesday, August 5th. Weiss Ratings upgraded Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Finally, Zacks Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Archer Daniels Midland presently has a consensus rating of “Hold” and a consensus target price of $79.67.

Archer Daniels Midland Stock Down 2.0%

Shares of ADM opened at $80.80 on Thursday. The company’s 50-day simple moving average is $79.84 and its 200-day simple moving average is $75.19. 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 Company has a 1 year low of $55.58 and a 1 year high of $88.46. The stock has a market capitalization of $38.94 billion, a PE ratio of 22.14 and a beta of 0.62.

Archer Daniels Midland (NYSE:ADM) last announced 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 firm had revenue of $22.68 billion during the quarter, compared to analysts’ expectations of $22.75 billion. During the same quarter in the previous year, the business posted $0.93 earnings per share. The business’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. Analysts forecast that Archer Daniels Midland Company will post 5.46 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be paid 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 payout ratio is 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.