Archer Daniels Midland (NYSE:ADM) Given New $60.00 Price Target at Morgan Stanley

Archer Daniels Midland (NYSE:ADM) had its target price lifted by Morgan Stanley from $58.00 to $60.00 in a report released on Monday morning, MarketBeat.com reports. They currently have an underweight rating on the stock.

ADM has been the subject of a number of other research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Friday. UBS Group increased their price target on Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Zacks Research downgraded Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Wall Street Zen upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $75.67.

Archer Daniels Midland Trading Down 0.2%

NYSE:ADM opened at $85.71 on Monday. The stock has a market capitalization of $41.31 billion, a price-to-earnings ratio of 38.43 and a beta of 0.62. Archer Daniels Midland has a 52 week low of $52.96 and a 52 week high of $86.20. The company has a quick ratio of 0.80, a current ratio of 1.31 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $79.44 and a 200 day moving average of $72.46.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.05. The business had revenue of $20.49 billion for the quarter, compared to analyst estimates of $21.35 billion. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.37%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.70 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. As a group, sell-side analysts anticipate that Archer Daniels Midland will post 4.71 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were paid a $0.52 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $2.08 dividend on an annualized basis and a yield of 2.4%. Archer Daniels Midland’s dividend payout ratio (DPR) is 93.27%.

Institutional Trading of Archer Daniels Midland

Large investors have recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC acquired a new position in shares of Archer Daniels Midland in the second quarter valued at about $6,761,000. Tema ETFs LLC lifted its holdings in shares of Archer Daniels Midland by 8.9% during the second quarter. Tema ETFs LLC now owns 7,066 shares of the company’s stock worth $540,000 after purchasing an additional 580 shares during the period. G&S Capital LLC boosted its position in Archer Daniels Midland by 3.3% in the second quarter. G&S Capital LLC now owns 15,081 shares of the company’s stock valued at $1,152,000 after buying an additional 486 shares during the last quarter. City Holding Co. boosted its position in Archer Daniels Midland by 57.1% in the second quarter. City Holding Co. now owns 6,675 shares of the company’s stock valued at $510,000 after buying an additional 2,426 shares during the last quarter. Finally, Charles Schwab Trust Co increased its holdings in Archer Daniels Midland by 15.1% in the 2nd quarter. Charles Schwab Trust Co now owns 3,822 shares of the company’s stock worth $292,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors 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.