Archer Daniels Midland (NYSE:ADM) Upgraded 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 research note published on Monday morning,Wall Street Zen reports.

Several other equities analysts also recently commented on ADM. 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. Barclays increased their price objective on Archer Daniels Midland from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, August 5th. Zacks Research raised Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. UBS Group upped their target price on Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Archer Daniels Midland currently has an average rating of “Hold” and an average price target of $79.67.

Archer Daniels Midland Stock Performance

ADM stock opened at $85.44 on Monday. 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 company has a market capitalization of $41.18 billion, a price-to-earnings ratio of 23.41, a P/E/G ratio of 2.58 and a beta of 0.62. Archer Daniels Midland has a 12 month low of $55.58 and a 12 month high of $88.46. The firm has a 50 day moving average of $80.66 and a two-hundred day moving average of $76.14.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping the consensus estimate 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 company 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. Archer Daniels Midland’s quarterly revenue was up 7.2% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. As a group, equities analysts anticipate that Archer Daniels Midland will post 5.46 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be paid a $0.52 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.4%. Archer Daniels Midland’s dividend payout ratio is currently 56.99%.

Hedge Funds Weigh In On Archer Daniels Midland

Several hedge funds and other institutional investors have recently modified their holdings of ADM. Norges Bank acquired a new position in Archer Daniels Midland during the fourth quarter worth $402,743,000. Swedbank AB lifted its position in Archer Daniels Midland by 9.2% during the 4th quarter. Swedbank AB now owns 399,047 shares of the company’s stock worth $22,941,000 after buying an additional 33,647 shares in the last quarter. Banque Cantonale Vaudoise boosted its stake in shares of Archer Daniels Midland by 56.4% during the 4th quarter. Banque Cantonale Vaudoise now owns 50,181 shares of the company’s stock worth $2,886,000 after buying an additional 18,088 shares during the last quarter. North Dakota State Investment Board acquired a new position in shares of Archer Daniels Midland during the 4th quarter worth about $1,634,000. Finally, Fisher Asset Management LLC grew its holdings in shares of Archer Daniels Midland by 385.5% in the 4th quarter. Fisher Asset Management LLC now owns 17,098 shares of the company’s stock valued at $983,000 after acquiring an additional 13,576 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

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.