Archer Daniels Midland (NYSE:ADM) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Archer Daniels Midland (NYSE:ADM) from an underweight rating to a neutral rating in a report published on Wednesday, Marketbeat reports. They currently have $75.00 target price on the stock.

ADM has been the topic of a number of other research reports. Wall Street Zen upgraded shares of Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 31st. Jefferies Financial Group upped their price target on Archer Daniels Midland from $88.00 to $89.00 in a report on Monday, October 19th. BMO Capital Markets raised their price objective on Archer Daniels Midland from $77.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, August 5th. Weiss Ratings cut shares of Archer Daniels Midland from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 28th. Finally, 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. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $80.25.

Archer Daniels Midland Stock Down 0.6%

Shares of ADM stock opened at $70.05 on Wednesday. The stock has a market cap of $33.76 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 2.29 and a beta of 0.63. 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 fifty day moving average price of $81.09 and a 200 day moving average price of $76.55. Archer Daniels Midland has a one year low of $55.58 and a one year high of $88.75.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.17. The company had revenue of $22.34 billion for the quarter, compared to analyst estimates of $23.27 billion. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The company’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 earnings per share. Analysts predict that Archer Daniels Midland will post 5.72 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Wednesday, November 18th will be given a dividend of $0.52 per share. The ex-dividend date is Wednesday, November 18th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.0%. Archer Daniels Midland’s dividend payout ratio is currently 40.55%.

Institutional Trading of Archer Daniels Midland

Several institutional investors have recently modified their holdings of ADM. Moors & Cabot Inc. increased its holdings in shares of Archer Daniels Midland by 2.1% in the third quarter. Moors & Cabot Inc. now owns 13,880 shares of the company’s stock valued at $1,102,000 after purchasing an additional 281 shares during the period. Allworth Financial LP boosted its position in shares of Archer Daniels Midland by 10.4% during the 3rd quarter. Allworth Financial LP now owns 18,717 shares of the company’s stock valued at $1,430,000 after purchasing an additional 1,767 shares in the last quarter. CENTRAL TRUST Co grew its stake in shares of Archer Daniels Midland by 25.7% in the 3rd quarter. CENTRAL TRUST Co now owns 10,383 shares of the company’s stock valued at $824,000 after buying an additional 2,121 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Archer Daniels Midland by 1.3% in the 3rd quarter. Fifth Third Bancorp now owns 87,573 shares of the company’s stock valued at $6,951,000 after buying an additional 1,092 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its holdings in Archer Daniels Midland by 14.0% in the third quarter. Maryland State Retirement & Pension System now owns 29,893 shares of the company’s stock valued at $2,373,000 after buying an additional 3,671 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

About Archer Daniels Midland

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural supply chain and food ingredient company. It sources, transports, stores and processes crops, connecting farmers with food, feed, fuel and industrial markets.

ADM processes commodities such as corn, oilseeds and wheat into products including vegetable oils, protein meals, flour, starches, sweeteners and other food ingredients. Its businesses also supply ingredients and solutions for human and animal nutrition, as well as products used in biofuels and other industrial applications.

Founded in 1902, the company has grown from a linseed-processing business into an international enterprise serving customers across a wide range of markets and geographies.