Archer Daniels Midland (NYSE:ADM) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Archer Daniels Midland (NYSE:ADM) from a hold rating to a strong-buy rating in a report issued on Thursday,Zacks.com reports.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $60.00 to $79.00 in a report on Wednesday. UBS Group lifted their target price on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, June 15th. Barclays upped their price target on Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Weiss Ratings raised Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. 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 issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $79.67.

Archer Daniels Midland Stock Performance

Archer Daniels Midland stock opened at $76.53 on Thursday. Archer Daniels Midland has a fifty-two week low of $55.58 and a fifty-two week high of $88.46. The stock’s 50 day simple moving average is $80.03 and its two-hundred day simple moving average is $74.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.80 and a current ratio of 1.39. The stock has a market cap of $36.89 billion, a price-to-earnings ratio of 20.97 and a beta of 0.62.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.35. The company had revenue of $22.68 billion during the quarter, compared to analysts’ expectations of $22.75 billion. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%.The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 EPS. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. As a group, analysts expect that Archer Daniels Midland will post 5.45 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders 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 dividend yield of 2.7%. Archer Daniels Midland’s dividend payout ratio is presently 56.99%.

Hedge Funds Weigh In On Archer Daniels Midland

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Archer Daniels Midland by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 59,180,117 shares of the company’s stock worth $3,402,265,000 after purchasing an additional 536,265 shares during the last quarter. BlackRock Inc. bought a new stake in Archer Daniels Midland in the 2nd quarter worth about $3,409,089,000. Charles Schwab Investment Management Inc. raised its position in Archer Daniels Midland by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,829,140 shares of the company’s stock worth $1,082,487,000 after buying an additional 449,815 shares during the last quarter. Dodge & Cox lifted its stake in Archer Daniels Midland by 13.4% during the 4th quarter. Dodge & Cox now owns 17,084,645 shares of the company’s stock valued at $982,196,000 after acquiring an additional 2,016,101 shares during the period. Finally, Geode Capital Management LLC boosted its holdings 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 valued at $723,175,000 after acquiring an additional 109,556 shares during the last quarter. 78.28% of the stock is 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.