Here is the argument I came across to extract the .msi from an Adobe install .EXE file. Once extracted you can use the Customization Wizard to set desired options, such as disabling auto-updates.
AdbeRdrXXXX.exe -nos_o”C:\SomeFolder” -nos_ne
Here is where you can grab the Customization Wizard:
FYI. an .MSP update file will also extract, that must also be installed separately using a MSIEXEC.exe /P command, see example .bat below:
start /w "" c:\windows\System32\msiexec.exe /i "%~dp0AcroRead.msi" /qn /norestart
start /w "" c:\windows\System32\msiexec.exe /p "%~dp0AdbeRdrUpd11003.msp" /qn /norestart