Wall Street Zen upgraded shares of Archer Daniels Midland (NYSE:ADM – Free Report) from a buy rating to a strong-buy rating in a report published on Saturday.
Several other analysts also recently issued reports on the stock. Barclays raised their price objective on shares of 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. UBS Group increased their price target on Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, June 15th. Morgan Stanley raised 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 research note on Wednesday, August 5th. JPMorgan Chase & Co. boosted their price objective on Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings raised Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Archer Daniels Midland presently has a consensus rating of “Hold” and a consensus price target of $79.67.
View Our Latest Report on Archer Daniels Midland
Archer Daniels Midland Trading Up 1.1%
Archer Daniels Midland (NYSE:ADM – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.35. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. 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 business earned $0.93 EPS. The business’s 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, analysts anticipate that Archer Daniels Midland will post 5.46 earnings per share for the current year.
Archer Daniels Midland Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Wednesday, August 19th. Archer Daniels Midland’s dividend payout ratio is currently 56.99%.
Institutional Trading of Archer Daniels Midland
Several institutional investors and hedge funds have recently modified their holdings of ADM. Norges Bank bought a new stake in shares of Archer Daniels Midland in the fourth quarter valued at about $402,743,000. Swedbank AB grew its holdings in Archer Daniels Midland by 9.2% during the 4th quarter. Swedbank AB now owns 399,047 shares of the company’s stock worth $22,941,000 after acquiring an additional 33,647 shares in the last quarter. Banque Cantonale Vaudoise increased its position in Archer Daniels Midland by 56.4% during the 4th quarter. Banque Cantonale Vaudoise now owns 50,181 shares of the company’s stock valued at $2,886,000 after purchasing an additional 18,088 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Archer Daniels Midland by 385.5% in the 4th quarter. Fisher Asset Management LLC now owns 17,098 shares of the company’s stock valued at $983,000 after purchasing an additional 13,576 shares in the last quarter. Finally, North Dakota State Investment Board purchased a new stake in shares of Archer Daniels Midland in the 4th quarter worth approximately $1,634,000. Institutional investors own 78.28% of the company’s stock.
About Archer Daniels Midland
Archer Daniels Midland Company (ADM) is a global agricultural processor and food-ingredient provider that sources, transports and processes oilseeds, corn, wheat and other agricultural commodities. The company operates large-scale crushing, refining and processing facilities that produce vegetable oils, protein meals, corn sweeteners, starches, ethanol, animal feeds and a wide range of food and industrial ingredients. ADM also develops specialty ingredients and solutions for human and animal nutrition, food and beverage formulation, and industrial applications such as bio-based materials and renewable fuels.
ADM’s business combines commodity origination and merchandising with downstream manufacturing and ingredient formulation.
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