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 issued to investors on Saturday morning,Wall Street Zen reports.

ADM has been the topic of several other research reports. UBS Group lifted their price target on Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Barclays raised their price objective on Archer Daniels Midland from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 5th. Zacks Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Weiss Ratings raised Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Finally, Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $60.00 to $79.00 in a research note on Wednesday, August 5th. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Archer Daniels Midland has an average rating of “Hold” and a consensus target price of $79.67.

Archer Daniels Midland Stock Performance

Shares of Archer Daniels Midland stock opened at $80.37 on Friday. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The company has a market cap of $38.74 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 2.47 and a beta of 0.62. The company has a 50 day moving average of $82.40 and a 200-day moving average of $78.21. Archer Daniels Midland has a 1-year low of $55.58 and a 1-year high of $88.75.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data 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. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The business had revenue of $22.68 billion for the quarter, compared to analysts’ expectations of $22.75 billion. During the same period last year, the firm posted $0.93 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. As a group, equities research analysts forecast that Archer Daniels Midland will post 5.46 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th were issued a dividend of $0.52 per share. The ex-dividend date was Wednesday, August 19th. This represents a $2.08 annualized dividend and a yield of 2.6%. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 56.99%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ADM. BlackRock Inc. acquired a new stake in Archer Daniels Midland during the second quarter worth approximately $3,409,089,000. Wellington Management Group LLP boosted its holdings in shares of Archer Daniels Midland by 2.2% during the 2nd quarter. Wellington Management Group LLP now owns 17,670,220 shares of the company’s stock worth $1,350,005,000 after buying an additional 382,460 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Archer Daniels Midland by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 12,628,065 shares of the company’s stock worth $723,175,000 after buying an additional 109,556 shares during the period. Norges Bank bought a new stake in shares of Archer Daniels Midland in the 4th quarter valued at $402,743,000. Finally, Victory Capital Management Inc. lifted its position in shares of Archer Daniels Midland by 831.3% during the 4th quarter. Victory Capital Management Inc. now owns 5,592,030 shares of the company’s stock valued at $321,486,000 after acquiring an additional 4,991,550 shares during the period. 78.28% of the stock is owned by institutional investors.

Archer Daniels Midland Company Profile

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company. Founded in 1902, ADM connects farmers and agricultural markets with food, beverage, animal nutrition and industrial customers by sourcing, transporting, storing and processing crops and other agricultural commodities.

The company’s operations include the processing of oilseeds such as soybeans, canola and sunflower seeds into vegetable oils, protein meals and other ingredients. ADM also produces corn and wheat-based sweeteners, starches, flours, fibers and other carbohydrate products, along with plant-based proteins, flavors, emulsifiers and specialty ingredients used in food and beverage manufacturing.

ADM serves customers in markets around the world through its agricultural services, commodity merchandising, transportation, processing and storage networks.