Archer Daniels Midland (NYSE:ADM) Price Target Raised to $65.00 at JPMorgan Chase & Co.

Archer Daniels Midland (NYSE:ADM) had its price objective increased by JPMorgan Chase & Co. from $61.00 to $65.00 in a research note published on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

A number of other equities research analysts also recently weighed in on ADM. Morgan Stanley downgraded Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $57.00 to $50.00 in a research report on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, January 21st. BMO Capital Markets reissued a “market perform” rating and set a $63.00 price objective on shares of Archer Daniels Midland in a report on Wednesday, February 4th. UBS Group restated a “buy” rating on shares of Archer Daniels Midland in a research report on Monday, December 15th. Finally, Barclays raised their target price on Archer Daniels Midland from $61.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $58.57.

Archer Daniels Midland Price Performance

NYSE:ADM opened at $71.48 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.37 and a quick ratio of 0.83. Archer Daniels Midland has a one year low of $40.98 and a one year high of $73.72. The company has a fifty day moving average price of $68.12 and a 200 day moving average price of $62.90. The stock has a market cap of $34.40 billion, a P/E ratio of 32.20, a PEG ratio of 0.85 and a beta of 0.68.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.07. The company had revenue of $18.56 billion for the quarter, compared to analyst estimates of $21.03 billion. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.39%. The business’s quarterly revenue was down 13.7% on a year-over-year basis. During the same period last year, the business posted $1.14 EPS. Archer Daniels Midland has set its FY 2026 guidance at 3.600-4.250 EPS. Analysts anticipate that Archer Daniels Midland will post 4.31 earnings per share for the current year.

Archer Daniels Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Archer Daniels Midland’s previous quarterly dividend of $0.51. This represents a $2.08 dividend on an annualized basis and a yield of 2.9%. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 93.69%.

Insider Buying and Selling

In related news, Director David R. Mcatee II purchased 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were acquired at an average price of $64.90 per share, with a total value of $486,750.00. Following the purchase, the director directly owned 7,500 shares in the company, valued at $486,750. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Ian R. Pinner sold 34,106 shares of the company’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $71.53, for a total value of $2,439,602.18. Following the completion of the sale, the senior vice president owned 90,676 shares in the company, valued at $6,486,054.28. This trade represents a 27.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 109,106 shares of company stock valued at $7,539,602. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Archer Daniels Midland

Several institutional investors and hedge funds have recently made changes to their positions in the company. Toth Financial Advisory Corp bought a new position in Archer Daniels Midland during the 4th quarter valued at about $25,000. Motiv8 Investments LLC bought a new stake in Archer Daniels Midland during the fourth quarter worth about $26,000. Sankala Group LLC acquired a new stake in shares of Archer Daniels Midland during the fourth quarter worth approximately $28,000. Nalls Sherbakoff Group LLC bought a new position in shares of Archer Daniels Midland in the fourth quarter valued at approximately $29,000. Finally, Trust Co. of Vermont raised its stake in shares of Archer Daniels Midland by 367.0% in the third quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

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.