Archer Daniels Midland Company (NYSE:ADM) Receives Consensus Rating of “Reduce” from Analysts

Shares of Archer Daniels Midland Company (NYSE:ADM) have been assigned an average rating of “Reduce” from the ten research firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $55.25.

ADM has been the subject of several analyst reports. UBS Group reissued a “buy” rating and set a $70.00 price target (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Barclays upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $59.00 price target (down from $61.00) on shares of Archer Daniels Midland in a research report on Wednesday, November 5th. Finally, Morgan Stanley upped their price objective on Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, August 12th.

Institutional Investors Weigh In On Archer Daniels Midland

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning increased its position in Archer Daniels Midland by 11.6% during the third quarter. Creative Planning now owns 119,944 shares of the company’s stock worth $7,165,000 after buying an additional 12,486 shares during the last quarter. Credit Agricole S A acquired a new position in shares of Archer Daniels Midland during the 3rd quarter valued at about $4,072,000. Caisse de depot et placement du Quebec bought a new position in shares of Archer Daniels Midland in the 3rd quarter valued at approximately $12,545,000. Man Group plc acquired a new stake in Archer Daniels Midland in the 3rd quarter worth approximately $41,036,000. Finally, California State Teachers Retirement System boosted its position in Archer Daniels Midland by 1.3% during the third quarter. California State Teachers Retirement System now owns 578,692 shares of the company’s stock worth $34,571,000 after purchasing an additional 7,599 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer Daniels Midland Price Performance

Archer Daniels Midland stock opened at $58.62 on Friday. The firm has a fifty day moving average of $60.75 and a 200-day moving average of $56.29. Archer Daniels Midland has a 52-week low of $40.98 and a 52-week high of $65.00. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $28.17 billion, a P/E ratio of 25.82, a PEG ratio of 4.78 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. The firm had revenue of $20.37 billion during the quarter, compared to the consensus estimate of $20.96 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 EPS. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. As a group, analysts predict that Archer Daniels Midland will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, November 19th. Archer Daniels Midland’s payout ratio is 83.27%.

About Archer Daniels Midland

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.