Archer Daniels Midland (NYSE:ADM) Stock Moved Down to Hold by Zacks Research

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

Other analysts also recently issued research reports about the stock. UBS Group raised their price target on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Weiss Ratings upgraded shares of Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Wall Street Zen raised shares of Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 26th. Morgan Stanley raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $60.00 to $79.00 in a research report on Wednesday, August 5th. Finally, Barclays increased their price target 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. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $79.67.

Archer Daniels Midland Trading Down 0.3%

NYSE:ADM opened at $82.19 on Monday. The stock has a market cap of $39.61 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 2.52 and a beta of 0.64. Archer Daniels Midland has a one year low of $55.58 and a one year high of $88.75. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.39. The business’s 50-day simple moving average is $81.82 and its 200 day simple moving average is $78.59.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm 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 earned $0.93 EPS. Archer Daniels Midland’s quarterly revenue 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. As a group, sell-side analysts predict that Archer Daniels Midland will post 5.46 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Wednesday, August 19th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 56.99%.

Institutional Investors Weigh In On Archer Daniels Midland

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in Archer Daniels Midland in the second quarter valued at approximately $3,409,089,000. Wellington Management Group LLP lifted its holdings in shares of Archer Daniels Midland by 2.2% in the 2nd quarter. Wellington Management Group LLP now owns 17,670,220 shares of the company’s stock worth $1,350,005,000 after purchasing an additional 382,460 shares during the last quarter. Victory Capital Management Inc. boosted its position in Archer Daniels Midland by 831.3% during the 4th 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. Dimensional Fund Advisors LP grew its stake in Archer Daniels Midland by 4.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,806,192 shares of the company’s stock worth $276,647,000 after buying an additional 163,749 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in Archer Daniels Midland by 4.1% in the fourth quarter. Pacer Advisors Inc. now owns 4,585,316 shares of the company’s stock worth $263,610,000 after buying an additional 179,889 shares during the period. Institutional investors own 78.28% of the company’s stock.

About Archer Daniels Midland

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.