Archer Daniels Midland (NYSE:ADM) Upgraded at Zacks Research

Zacks Research upgraded shares of Archer Daniels Midland (NYSE:ADMFree Report) from a hold rating to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets reissued a “market perform” rating and issued a $63.00 price target on shares of Archer Daniels Midland in a research note on Wednesday, February 4th. Jefferies Financial Group lifted their price target on shares of Archer Daniels Midland from $65.00 to $77.00 and gave the company a “hold” rating in a research note on Monday. JPMorgan Chase & Co. lifted their price target on shares of Archer Daniels Midland from $61.00 to $65.00 and gave the company an “underweight” rating in a research note on Tuesday, March 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, January 21st. Finally, Morgan Stanley cut shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $57.00 to $50.00 in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Archer Daniels Midland currently has a consensus rating of “Hold” and a consensus price target of $62.00.

View Our Latest Report on Archer Daniels Midland

Archer Daniels Midland Price Performance

Shares of NYSE ADM opened at $71.71 on Monday. The stock has a market capitalization of $34.56 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 0.90 and a beta of 0.65. Archer Daniels Midland has a 12 month low of $40.98 and a 12 month high of $74.19. The firm’s 50 day simple moving average is $69.42 and its 200-day simple moving average is $63.73. 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 (NYSE:ADMGet Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.39%. The firm had revenue of $18.56 billion for the quarter, compared to analysts’ expectations of $21.03 billion. During the same quarter last year, the company earned $1.14 EPS. The firm’s revenue for the quarter was down 13.7% compared to the same quarter last year. Archer Daniels Midland has set its FY 2026 guidance at 3.600-4.250 EPS. Analysts expect that Archer Daniels Midland will post 4.31 EPS for the current year.

Archer Daniels Midland Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.52 per share. This is a boost from Archer Daniels Midland’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $2.08 annualized dividend and a yield of 2.9%. Archer Daniels Midland’s dividend payout ratio is presently 93.69%.

Insider Buying and Selling at Archer Daniels Midland

In other news, SVP Gregory A. Morris sold 50,000 shares of Archer Daniels Midland stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $68.48, for a total transaction of $3,424,000.00. Following the transaction, the senior vice president owned 300,122 shares in the company, valued at $20,552,354.56. The trade was a 14.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ian R. Pinner sold 34,106 shares of Archer Daniels Midland stock in a transaction on Friday, March 13th. The stock was sold at an average price of $71.53, for a total value of $2,439,602.18. Following the transaction, the senior vice president owned 90,676 shares in the company, valued at approximately $6,486,054.28. This represents a 27.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 109,106 shares of company stock worth $7,539,602. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC raised its holdings in shares of Archer Daniels Midland by 0.6% during the 4th quarter. Quadrant Capital Group LLC now owns 23,166 shares of the company’s stock worth $1,332,000 after acquiring an additional 146 shares during the period. Atlantic Union Bankshares Corp raised its holdings in shares of Archer Daniels Midland by 5.1% during the 4th quarter. Atlantic Union Bankshares Corp now owns 3,127 shares of the company’s stock worth $180,000 after acquiring an additional 153 shares during the period. Summit Financial LLC raised its holdings in shares of Archer Daniels Midland by 0.9% during the 4th quarter. Summit Financial LLC now owns 16,947 shares of the company’s stock worth $974,000 after acquiring an additional 153 shares during the period. Brookstone Capital Management raised its holdings in shares of Archer Daniels Midland by 4.5% during the 4th quarter. Brookstone Capital Management now owns 3,555 shares of the company’s stock worth $204,000 after acquiring an additional 154 shares during the period. Finally, Checchi Capital Advisers LLC raised its holdings in shares of Archer Daniels Midland by 2.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 6,436 shares of the company’s stock worth $370,000 after acquiring an additional 161 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

More Archer Daniels Midland News

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Archer Daniels Midland Company Profile

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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.

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Analyst Recommendations for Archer Daniels Midland (NYSE:ADM)

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