Sax Wealth Advisors LLC Makes New $522,000 Investment in Archer Daniels Midland Company $ADM

Sax Wealth Advisors LLC bought a new stake in Archer Daniels Midland Company (NYSE:ADM) in the second quarter, HoldingsChannel.com reports. The fund bought 7,179 shares of the company’s stock, valued at approximately $522,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank bought a new stake in shares of Archer Daniels Midland in the 4th quarter worth approximately $402,743,000. Northwestern Mutual Wealth Management Co. grew its stake in Archer Daniels Midland by 3,379.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,761,397 shares of the company’s stock worth $316,525,000 after buying an additional 5,595,801 shares during the last quarter. Victory Capital Management Inc. increased its position in Archer Daniels Midland by 831.3% in the fourth quarter. Victory Capital Management Inc. now owns 5,592,030 shares of the company’s stock worth $321,486,000 after buying an additional 4,991,550 shares during the period. Dodge & Cox lifted its stake in Archer Daniels Midland by 13.4% in the fourth quarter. Dodge & Cox now owns 17,084,645 shares of the company’s stock valued at $982,196,000 after buying an additional 2,016,101 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Archer Daniels Midland by 176.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,967,471 shares of the company’s stock valued at $117,537,000 after acquiring an additional 1,256,596 shares during the period. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Up 4.9%

ADM opened at $80.34 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.39. The company has a market capitalization of $38.72 billion, a PE ratio of 22.01 and a beta of 0.62. The stock’s fifty day moving average is $79.98 and its 200-day moving average is $74.54. Archer Daniels Midland Company has a one year low of $55.58 and a one year high of $88.46.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.35. The business had revenue of $22.68 billion during 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 company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $0.93 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. On average, equities analysts predict that Archer Daniels Midland Company will post 5.46 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.52 per share. 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 (DPR) is 56.99%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Barclays boosted their target price on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. upped their target price on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. UBS Group lifted their price target on Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, June 15th. 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 issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $79.67.

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.