Archer Daniels Midland (NYSE:ADM) Price Target Raised to $60.00

Archer Daniels Midland (NYSE:ADM) had its price target increased by Morgan Stanley from $58.00 to $60.00 in a research report report published on Monday, MarketBeat reports. Morgan Stanley currently has an underweight rating on the stock.

A number of other equities analysts have also commented on ADM. Wall Street Zen raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Jefferies Financial Group boosted their price objective on shares of Archer Daniels Midland from $65.00 to $77.00 and gave the company a “hold” rating in a report on Monday, April 6th. UBS Group increased 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 report on Monday, June 15th. Zacks Research downgraded shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Finally, JPMorgan Chase & Co. boosted their price target on Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $75.67.

Archer Daniels Midland Stock Performance

ADM opened at $87.44 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 0.80. The business has a fifty day simple moving average of $79.64 and a 200 day simple moving average of $72.88. Archer Daniels Midland has a 1 year low of $52.96 and a 1 year high of $87.67. The company has a market capitalization of $42.14 billion, a PE ratio of 39.21 and a beta of 0.62.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.05. The firm had revenue of $20.49 billion for the quarter, compared to analysts’ expectations of $21.35 billion. Archer Daniels Midland had a return on equity of 7.37% and a net margin of 1.34%.The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.70 EPS. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Research analysts expect that Archer Daniels Midland will post 4.76 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, May 20th. Archer Daniels Midland’s dividend payout ratio is presently 93.27%.

Hedge Funds Weigh In On Archer Daniels Midland

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its stake in shares of Archer Daniels Midland by 0.6% during the fourth quarter. Quadrant Capital Group LLC now owns 23,166 shares of the company’s stock valued at $1,332,000 after purchasing an additional 146 shares in the last quarter. Atlantic Union Bankshares Corp increased its stake in shares of Archer Daniels Midland by 5.1% in the fourth quarter. Atlantic Union Bankshares Corp now owns 3,127 shares of the company’s stock valued at $180,000 after buying an additional 153 shares during the period. Summit Financial LLC raised its holdings in Archer Daniels Midland by 0.9% in the 4th quarter. Summit Financial LLC now owns 16,947 shares of the company’s stock valued at $974,000 after buying an additional 153 shares during the last quarter. Brookstone Capital Management raised its holdings in Archer Daniels Midland by 4.5% in the 4th quarter. Brookstone Capital Management now owns 3,555 shares of the company’s stock valued at $204,000 after buying an additional 154 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its position in Archer Daniels Midland by 2.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 6,436 shares of the company’s stock worth $370,000 after buying an additional 161 shares during the period. 78.28% of the stock is currently owned by institutional investors and hedge funds.

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.