Archer Daniels Midland (NYSE:ADM) Cut to Hold at Zacks Research

Zacks Research cut shares of Archer Daniels Midland (NYSE:ADM) from a strong-buy rating to a hold rating in a research note released on Monday morning,Zacks reports.

Several other equities analysts also recently issued reports on the stock. Jefferies Financial Group upgraded shares of Archer Daniels Midland to a “hold” rating in a report on Tuesday, September 29th. Wall Street Zen upgraded shares of Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 26th. Barclays boosted their target price on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. Morgan Stanley raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $60.00 to $79.00 in a report on Wednesday, August 5th. Finally, UBS Group lifted their price objective on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $79.67.

Archer Daniels Midland Stock Down 1.2%

Archer Daniels Midland stock opened at $81.22 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.39 and a quick ratio of 0.86. The stock has a market capitalization of $39.14 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 2.52 and a beta of 0.64. Archer Daniels Midland has a 1-year low of $55.58 and a 1-year high of $88.75. The business has a fifty day moving average price of $81.84 and a 200-day moving average price of $78.68.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (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 company had revenue of $22.68 billion for the quarter, compared to analyst estimates of $22.75 billion. During the same period in the prior year, the company posted $0.93 EPS. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. Equities research analysts forecast that Archer Daniels Midland will post 5.45 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th were given a $0.52 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. Archer Daniels Midland’s dividend payout ratio is currently 56.99%.

Hedge Funds Weigh In On Archer Daniels Midland

Institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC purchased a new stake in shares of Archer Daniels Midland during the second quarter worth approximately $76,067,000. Bank of America Corp DE acquired a new stake in Archer Daniels Midland during the 2nd quarter worth $180,096,000. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Archer Daniels Midland by 73.3% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 519,997 shares of the company’s stock worth $29,895,000 after purchasing an additional 219,977 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Archer Daniels Midland during the second quarter worth $2,585,000. Finally, Jupiter Topco LLC acquired a new stake in shares of Archer Daniels Midland in the second quarter valued at about $8,819,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

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.