Integrated Wealth Concepts LLC Sells 11,064 Shares of Archer Daniels Midland Company $ADM

Integrated Wealth Concepts LLC reduced its position in Archer Daniels Midland Company (NYSE:ADM) by 11.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 85,264 shares of the company’s stock after selling 11,064 shares during the period. Integrated Wealth Concepts LLC’s holdings in Archer Daniels Midland were worth $6,514,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. NewEdge Advisors LLC increased its position in Archer Daniels Midland by 17.9% during the second quarter. NewEdge Advisors LLC now owns 28,980 shares of the company’s stock worth $2,214,000 after buying an additional 4,398 shares during the last quarter. Baird Financial Group Inc. raised its stake in Archer Daniels Midland by 26.5% in the second quarter. Baird Financial Group Inc. now owns 410,180 shares of the company’s stock valued at $31,338,000 after buying an additional 85,837 shares during the period. Arizona State Retirement System lifted its position in shares of Archer Daniels Midland by 5.8% in the second quarter. Arizona State Retirement System now owns 138,165 shares of the company’s stock valued at $10,556,000 after buying an additional 7,544 shares during the last quarter. Empirical Finance LLC lifted its position in shares of Archer Daniels Midland by 3.0% in the second quarter. Empirical Finance LLC now owns 18,835 shares of the company’s stock valued at $1,439,000 after buying an additional 542 shares during the last quarter. Finally, Nykredit A S bought a new position in shares of Archer Daniels Midland during the 2nd quarter worth approximately $7,079,000. Institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wall Street Zen lowered Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Weiss Ratings raised shares of Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Zacks Research upgraded shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Morgan Stanley raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $60.00 to $79.00 in a research report on Wednesday, August 5th. Finally, UBS Group raised their target price on shares of 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 research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Archer Daniels Midland currently has an average rating of “Hold” and a consensus price target of $79.67.

Archer Daniels Midland Price Performance

Shares of Archer Daniels Midland stock opened at $86.57 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $41.72 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62. Archer Daniels Midland Company has a twelve month low of $55.58 and a twelve month high of $88.75. The company has a 50-day simple moving average of $81.89 and a two-hundred day simple moving average of $76.91.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $22.75 billion. During the same quarter in the prior year, the business posted $0.93 EPS. The business’s 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 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a yield of 2.4%. Archer Daniels Midland’s dividend payout ratio is currently 56.99%.

Archer Daniels Midland Profile

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company. Founded in 1902, ADM connects farmers and agricultural markets with food, beverage, animal nutrition and industrial customers by sourcing, transporting, storing and processing crops and other agricultural commodities.

The company’s operations include the processing of oilseeds such as soybeans, canola and sunflower seeds into vegetable oils, protein meals and other ingredients. ADM also produces corn and wheat-based sweeteners, starches, flours, fibers and other carbohydrate products, along with plant-based proteins, flavors, emulsifiers and specialty ingredients used in food and beverage manufacturing.

ADM serves customers in markets around the world through its agricultural services, commodity merchandising, transportation, processing and storage networks.