Brokerages Set Archer Daniels Midland Company (NYSE:ADM) Price Target at $74.50

Archer Daniels Midland Company (NYSE:ADM) has been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $74.50.

Several research analysts have recently issued reports on ADM shares. Morgan Stanley raised their target price on shares of Archer Daniels Midland from $54.00 to $58.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. UBS Group raised their target price on shares of Archer Daniels Midland from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Jefferies Financial Group raised their target price 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, April 6th. Zacks Research raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 6th. Finally, Wall Street Zen raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th.

Archer Daniels Midland Trading Up 2.1%

ADM opened at $84.17 on Thursday. The company has a current ratio of 1.31, a quick ratio of 0.80 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $40.57 billion, a PE ratio of 37.74 and a beta of 0.60. Archer Daniels Midland has a 1-year low of $46.81 and a 1-year high of $85.37. The firm has a 50-day moving average price of $74.88 and a two-hundred day moving average price of $67.78.

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

Archer Daniels Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, May 20th. Archer Daniels Midland’s dividend payout ratio (DPR) is 93.27%.

Insider Activity

In related news, SVP Gregory A. Morris sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $68.48, for a total value of $3,424,000.00. Following the sale, the senior vice president directly owned 300,122 shares in the company, valued at $20,552,354.56. This trade represents a 14.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Ian R. Pinner sold 34,106 shares of the stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is currently owned by company insiders.

Institutional Trading of Archer Daniels Midland

Hedge funds have recently modified their holdings of the company. Toth Financial Advisory Corp acquired a new stake in shares of Archer Daniels Midland in the 4th quarter valued at approximately $25,000. Motiv8 Investments LLC acquired a new stake in shares of Archer Daniels Midland in the 4th quarter valued at approximately $26,000. Sankala Group LLC acquired a new stake in shares of Archer Daniels Midland in the 4th quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Archer Daniels Midland in the 4th quarter valued at approximately $29,000. Finally, Global Trust Asset Management LLC acquired a new stake in shares of Archer Daniels Midland in the 1st quarter valued at approximately $29,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

About Archer Daniels Midland

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.