Archer Daniels Midland (NYSE:ADM) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Archer Daniels Midland (NYSE:ADM) from a buy rating to a strong-buy rating in a report released on Saturday morning.

Other research analysts have also recently issued research reports about the company. UBS Group lifted their target price on Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Weiss Ratings raised Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Morgan Stanley upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $60.00 to $79.00 in a research note on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price objective on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Finally, Zacks Research upgraded shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Archer Daniels Midland currently has an average rating of “Hold” and a consensus price target of $79.67.

Archer Daniels Midland Trading Up 0.4%

ADM opened at $80.44 on Friday. Archer Daniels Midland has a fifty-two week low of $55.58 and a fifty-two week high of $88.46. The firm has a market capitalization of $38.77 billion, a PE ratio of 22.04 and a beta of 0.62. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.39 and a quick ratio of 0.86. The company’s 50-day moving average is $79.78 and its 200 day moving average is $74.84.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.35. The business had revenue of $22.68 billion during the quarter, compared to the consensus estimate 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 in the previous year, the business earned $0.93 EPS. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. As a group, research analysts predict that Archer Daniels Midland will post 5.46 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be issued a $0.52 dividend. The ex-dividend date of this dividend 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 is currently 56.99%.

Institutional Trading of Archer Daniels Midland

A number of hedge funds have recently bought and sold shares of ADM. BlackRock Inc. bought a new position in Archer Daniels Midland in the 2nd quarter valued at $3,409,089,000. Norges Bank bought a new stake in shares of Archer Daniels Midland during the 4th quarter worth $402,743,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 purchasing an additional 5,595,801 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Archer Daniels Midland by 831.3% in the 4th 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 last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Archer Daniels Midland in the 2nd quarter worth about $257,394,000. 78.28% of the stock is currently owned by institutional investors.

About Archer Daniels Midland

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.