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

Wall Street Zen lowered shares of Archer Daniels Midland (NYSE:ADM) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

A number of other equities research analysts have also weighed in on the stock. Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $60.00 to $79.00 in a research note on Wednesday, August 5th. Zacks Research downgraded Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. UBS Group raised their price target on Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Barclays lifted their price objective on Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Finally, Jefferies Financial Group upgraded Archer Daniels Midland to a “hold” rating in a research report on Tuesday, September 29th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $79.83.

Archer Daniels Midland Price Performance

Shares of NYSE ADM opened at $80.36 on Friday. Archer Daniels Midland has a 1 year low of $55.58 and a 1 year high of $88.75. The stock has a market capitalization of $38.73 billion, a P/E ratio of 22.02, a P/E/G ratio of 2.44 and a beta of 0.64. The company’s 50-day moving average is $81.94 and its 200 day moving average is $78.95. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.39 and a quick ratio of 0.86.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.49 by $0.35. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%. The business had revenue of $22.68 billion during the quarter, compared to analyst estimates of $22.75 billion. During the same quarter last year, the firm posted $0.93 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. On average, sell-side analysts expect that Archer Daniels Midland will post 5.45 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th were paid a $0.52 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $2.08 annualized dividend and a yield of 2.6%. Archer Daniels Midland’s payout ratio is presently 56.99%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Archer Daniels Midland during the second quarter valued at $3,409,089,000. Victory Capital Management Inc. grew its position in shares of Archer Daniels Midland by 831.3% in the fourth quarter. Victory Capital Management Inc. now owns 5,592,030 shares of the company’s stock valued at $321,486,000 after purchasing an additional 4,991,550 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Archer Daniels Midland during the second quarter worth about $257,394,000. Legal & General Group Plc purchased a new stake in shares of Archer Daniels Midland during the second quarter worth about $198,233,000. Finally, Bank of America Corp DE purchased a new stake in shares of Archer Daniels Midland during the second quarter worth about $180,096,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Company Profile

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company that converts crops and other plant-based materials into food, feed, fuel and industrial ingredients. The company sources, transports, stores and processes commodities such as corn, soybeans, wheat and oilseeds through an extensive network of elevators, processing facilities and transportation assets.

ADM’s businesses include agricultural services and oilseeds, carbohydrate solutions, and nutrition.