JPMorgan Chase & Co. Issues Positive Forecast for Archer Daniels Midland (NYSE:ADM) Stock Price

Archer Daniels Midland (NYSE:ADM) had its price target hoisted by JPMorgan Chase & Co. from $59.00 to $60.00 in a research note issued to investors on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

A number of other research analysts also recently issued reports on ADM. UBS Group restated a “buy” rating on shares of Archer Daniels Midland in a research note on Monday, December 15th. Morgan Stanley lowered shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $57.00 to $50.00 in a research report on Tuesday, December 16th. Zacks Research lowered shares of Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Archer Daniels Midland presently has an average rating of “Reduce” and an average price target of $54.50.

Archer Daniels Midland Trading Up 2.8%

Shares of Archer Daniels Midland stock opened at $67.72 on Wednesday. The company has a market capitalization of $32.54 billion, a P/E ratio of 27.64, a price-to-earnings-growth ratio of 4.60 and a beta of 0.70. The stock has a fifty day simple moving average of $60.00 and a 200 day simple moving average of $59.60. Archer Daniels Midland has a 12-month low of $40.98 and a 12-month high of $67.84. The company has a current ratio of 1.37, a quick ratio of 0.92 and a debt-to-equity ratio of 0.29.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The firm had revenue of $20.37 billion for the quarter, compared to the consensus estimate of $20.96 billion. Archer Daniels Midland had a net margin of 1.43% and a return on equity of 8.01%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.09 EPS. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. On average, sell-side analysts anticipate that Archer Daniels Midland will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. Archer Daniels Midland’s dividend payout ratio is 83.27%.

Institutional Investors Weigh In On Archer Daniels Midland

Several hedge funds and other institutional investors have recently modified their holdings of ADM. Woodline Partners LP grew its stake in Archer Daniels Midland by 40.8% during the first quarter. Woodline Partners LP now owns 40,429 shares of the company’s stock valued at $1,941,000 after acquiring an additional 11,715 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Archer Daniels Midland by 89.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 44,660 shares of the company’s stock valued at $2,357,000 after purchasing an additional 21,106 shares during the period. CX Institutional grew its position in shares of Archer Daniels Midland by 240.2% during the 2nd quarter. CX Institutional now owns 4,304 shares of the company’s stock valued at $227,000 after purchasing an additional 3,039 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of Archer Daniels Midland during the 2nd quarter valued at $215,000. Finally, U.S. Capital Wealth Advisors LLC bought a new position in shares of Archer Daniels Midland in the second quarter worth $257,000. 78.28% of the stock is currently owned by institutional investors.

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.