Janney Montgomery Scott LLC Buys 39,678 Shares of Archer Daniels Midland Company $ADM

Janney Montgomery Scott LLC boosted its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 19.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 247,479 shares of the company’s stock after buying an additional 39,678 shares during the period. Janney Montgomery Scott LLC owned approximately 0.05% of Archer Daniels Midland worth $17,989,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Kenora Financial LLC purchased a new position in shares of Archer Daniels Midland in the 1st quarter worth about $205,000. Welch Group LLC bought a new stake in Archer Daniels Midland during the 1st quarter valued at about $224,000. Louisiana State Employees Retirement System purchased a new position in Archer Daniels Midland in the first quarter worth about $1,781,000. Kestra Private Wealth Services LLC raised its holdings in Archer Daniels Midland by 4.4% in the first quarter. Kestra Private Wealth Services LLC now owns 11,460 shares of the company’s stock worth $833,000 after buying an additional 484 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its stake in shares of Archer Daniels Midland by 119.6% in the first quarter. Ritholtz Wealth Management now owns 17,565 shares of the company’s stock worth $1,277,000 after buying an additional 9,567 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ADM. JPMorgan Chase & Co. lifted their target price on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Jefferies Financial Group raised their target price on shares of Archer Daniels Midland from $65.00 to $77.00 and gave the stock a “hold” rating in a report on Monday, April 6th. Barclays upped their price objective on Archer Daniels Midland from $77.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Zacks Research cut shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Finally, UBS Group raised their price objective 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. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $75.33.

Archer Daniels Midland Price Performance

NYSE:ADM opened at $76.39 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 0.80. The business has a 50 day simple moving average of $77.53 and a 200-day simple moving average of $70.29. The firm has a market capitalization of $36.82 billion, a price-to-earnings ratio of 34.26 and a beta of 0.60. Archer Daniels Midland Company has a 1 year low of $52.23 and a 1 year high of $85.37.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.05. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.37%. The business had revenue of $20.49 billion during the quarter, compared to the consensus estimate of $21.35 billion. During the same quarter last year, the firm earned $0.70 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Equities analysts forecast that Archer Daniels Midland Company will post 4.47 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were paid a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $2.08 dividend on an annualized basis and a yield of 2.7%. Archer Daniels Midland’s payout ratio is 93.27%.

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.