Archer Daniels Midland (NYSE:ADM) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Archer Daniels Midland (NYSE:ADM) had its price objective decreased by JPMorgan Chase & Co. from $77.00 to $75.00 in a research report released on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

A number of other analysts have also weighed in on the company. Morgan Stanley raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $60.00 to $79.00 in a research report on Wednesday, August 5th. UBS Group increased their price objective on Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Jefferies Financial Group upgraded Archer Daniels Midland to a “hold” rating in a report on Tuesday, September 29th. Barclays boosted their target price on Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen downgraded Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 10th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $79.83.

Archer Daniels Midland Trading Up 0.5%

Shares of ADM stock opened at $83.60 on Monday. 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 stock has a market capitalization of $40.29 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 2.52 and a beta of 0.64. The company has a 50 day moving average price of $82.13 and a 200 day moving average price of $79.11. Archer Daniels Midland has a fifty-two week low of $55.58 and a fifty-two week high of $88.75.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.35. The firm had revenue of $22.68 billion for the quarter, compared to the consensus estimate of $22.75 billion. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 EPS. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. Equities research analysts predict that Archer Daniels Midland will post 5.50 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Investors 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 dividend on an annualized basis and a yield of 2.5%. Archer Daniels Midland’s payout ratio is currently 56.99%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of 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% during the second 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 period. Pacer Advisors Inc. lifted its holdings in shares of Archer Daniels Midland by 4.1% during the fourth quarter. Pacer Advisors Inc. now owns 4,585,316 shares of the company’s stock worth $263,610,000 after purchasing an additional 179,889 shares during the period. Dimensional Fund Advisors LP grew its position in Archer Daniels Midland by 4.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,806,192 shares of the company’s stock valued at $276,647,000 after buying an additional 163,749 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Archer Daniels Midland by 13.7% in the 1st quarter. Bank of New York Mellon Corp now owns 3,432,651 shares of the company’s stock valued at $249,519,000 after buying an additional 414,170 shares during the last quarter. 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 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.