Archer Daniels Midland (NYSE:ADM) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen cut shares of Archer Daniels Midland (NYSE:ADM) from a strong-buy rating to a buy rating in a research report report published on Tuesday morning,Wall Street Zen reports.

Several other equities research analysts have also issued reports on ADM. Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $60.00 to $79.00 in a research note on Wednesday, August 5th. 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 report on Wednesday, August 5th. 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. Zacks Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, Weiss Ratings upgraded Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Archer Daniels Midland has an average rating of “Hold” and a consensus price target of $79.67.

Archer Daniels Midland Price Performance

Shares of ADM opened at $84.51 on Tuesday. The stock has a market capitalization of $40.73 billion, a P/E ratio of 23.15, a P/E/G ratio of 2.58 and a beta of 0.62. Archer Daniels Midland has a twelve month low of $55.58 and a twelve month high of $88.46. The company has a 50 day moving average of $81.30 and a 200-day moving average of $76.59. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.27.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping 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 analyst estimates of $22.75 billion. During the same quarter in the previous year, the firm posted $0.93 earnings per share. The firm’s revenue for the quarter 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 research analysts forecast that Archer Daniels Midland will post 5.46 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be issued a dividend of $0.52 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a yield of 2.5%. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 56.99%.

Institutional Trading of Archer Daniels Midland

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Archer Daniels Midland during the 2nd quarter worth approximately $3,409,089,000. California State Teachers Retirement System lifted its holdings in Archer Daniels Midland by 7,551.0% during the 2nd quarter. California State Teachers Retirement System now owns 42,784,458 shares of the company’s stock valued at $3,268,733,000 after purchasing an additional 42,225,256 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Archer Daniels Midland by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,829,140 shares of the company’s stock valued at $1,082,487,000 after purchasing an additional 449,815 shares during the last quarter. Wellington Management Group LLP boosted its position in Archer Daniels Midland by 2.2% during the second quarter. Wellington Management Group LLP now owns 17,670,220 shares of the company’s stock worth $1,350,005,000 after purchasing an additional 382,460 shares during the period. Finally, Dodge & Cox increased its holdings in shares of Archer Daniels Midland by 13.4% in the fourth quarter. Dodge & Cox now owns 17,084,645 shares of the company’s stock valued at $982,196,000 after purchasing an additional 2,016,101 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

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.