Archer Daniels Midland (NYSE:ADM) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Archer Daniels Midland (NYSE:ADM) from a hold rating to a buy rating in a report issued on Saturday.

Other equities analysts have also issued research reports about the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Monday, April 20th. Morgan Stanley raised their price objective on shares of Archer Daniels Midland from $54.00 to $58.00 and gave the stock an “underweight” rating in a research note on Wednesday. Jefferies Financial Group raised their price objective on shares of Archer Daniels Midland from $65.00 to $77.00 and gave the stock a “hold” rating in a research note on Monday, April 6th. UBS Group raised their price objective on shares of Archer Daniels Midland from $70.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $74.50.

Archer Daniels Midland Trading Up 0.2%

Archer Daniels Midland stock opened at $77.70 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.83 and a current ratio of 1.31. The firm has a market cap of $37.45 billion, a price-to-earnings ratio of 34.84 and a beta of 0.59. Archer Daniels Midland has a 1 year low of $46.81 and a 1 year high of $81.75. The firm’s 50 day moving average price is $70.72 and its two-hundred day moving average price is $65.09.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.37%. The firm had revenue of $20.49 billion during the quarter, compared to analyst estimates of $21.35 billion. During the same quarter last year, the business posted $0.70 EPS. The company’s revenue was up 1.6% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. On average, research analysts predict that Archer Daniels Midland will post 4.43 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be issued a dividend of $0.52 per share. The ex-dividend date is Wednesday, May 20th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 93.27%.

Insider Activity

In other news, SVP Jennifer L. Weber sold 25,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $67.04, for a total transaction of $1,676,000.00. Following the transaction, the senior vice president owned 123,668 shares in the company, valued at approximately $8,290,702.72. This trade represents a 16.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Ian R. Pinner sold 34,106 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $71.53, for a total transaction of $2,439,602.18. Following the transaction, the senior vice president owned 90,676 shares in the company, valued at $6,486,054.28. This represents a 27.33% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 109,106 shares of company stock worth $7,539,602. 0.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its holdings in Archer Daniels Midland by 1.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 158,801 shares of the company’s stock worth $11,543,000 after acquiring an additional 2,287 shares during the period. Oslo Pensjonsforsikring AS bought a new position in Archer Daniels Midland in the 1st quarter worth $401,000. DJE Kapital AG bought a new position in Archer Daniels Midland in the 1st quarter worth $19,983,000. Wilkerson Advisory Group LLC raised its holdings in Archer Daniels Midland by 31.9% in the 1st quarter. Wilkerson Advisory Group LLC now owns 1,996 shares of the company’s stock worth $145,000 after acquiring an additional 483 shares during the period. Finally, Cassaday & Co Wealth Management LLC bought a new position in Archer Daniels Midland in the 1st quarter worth $101,000. 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.