Archer Daniels Midland (NYSE:ADM) Price Target Raised to $77.00

Archer Daniels Midland (NYSE:ADMFree Report) had its price objective boosted by Jefferies Financial Group from $65.00 to $77.00 in a report published on Monday morning,Benzinga reports. The firm currently has a hold rating on the stock.

ADM has been the topic of several other research reports. BMO Capital Markets reissued a “market perform” rating and issued a $63.00 target price on shares of Archer Daniels Midland in a report on Wednesday, February 4th. Morgan Stanley downgraded shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $57.00 to $50.00 in a report on Tuesday, December 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, January 21st. Barclays boosted their target price on shares of Archer Daniels Midland from $68.00 to $77.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 1st. Finally, Zacks Research raised shares of Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $62.00.

Get Our Latest Stock Analysis on Archer Daniels Midland

Archer Daniels Midland Price Performance

ADM stock opened at $71.71 on Monday. Archer Daniels Midland has a one year low of $40.98 and a one year high of $74.19. The company’s fifty day moving average price is $69.42 and its 200-day moving average price is $63.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.37. The company has a market capitalization of $34.56 billion, a PE ratio of 32.30, a price-to-earnings-growth ratio of 0.90 and a beta of 0.65.

Archer Daniels Midland (NYSE:ADMGet Free Report) last released its earnings results on Tuesday, February 3rd. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.80 by $0.07. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.39%. The firm had revenue of $18.56 billion for the quarter, compared to the consensus estimate of $21.03 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The company’s quarterly revenue was down 13.7% compared to the same quarter last year. Archer Daniels Midland has set its FY 2026 guidance at 3.600-4.250 EPS. On average, equities analysts anticipate that Archer Daniels Midland will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.9%. This is a positive change from Archer Daniels Midland’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, February 17th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 93.69%.

Insider Activity

In other Archer Daniels Midland news, SVP Ian R. Pinner sold 34,106 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $71.53, for a total transaction of $2,439,602.18. Following the transaction, the senior vice president owned 90,676 shares in the company, valued at $6,486,054.28. The trade was a 27.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Gregory A. Morris sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $68.48, for a total transaction of $3,424,000.00. Following the transaction, the senior vice president owned 300,122 shares in the company, valued at $20,552,354.56. This trade represents a 14.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 109,106 shares of company stock worth $7,539,602. 1.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ADM. Dodge & Cox increased its position in Archer Daniels Midland by 130.1% during the third quarter. Dodge & Cox now owns 15,068,544 shares of the company’s stock valued at $900,195,000 after acquiring an additional 8,518,920 shares during the last quarter. Norges Bank bought a new position in shares of Archer Daniels Midland in the fourth quarter worth about $402,743,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Archer Daniels Midland by 3,379.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,761,397 shares of the company’s stock worth $316,525,000 after purchasing an additional 5,595,801 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Archer Daniels Midland by 831.3% in the fourth quarter. Victory Capital Management Inc. now owns 5,592,030 shares of the company’s stock worth $321,486,000 after purchasing an additional 4,991,550 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Archer Daniels Midland by 8,609.3% in the third quarter. Pacer Advisors Inc. now owns 4,405,427 shares of the company’s stock worth $263,180,000 after purchasing an additional 4,354,844 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

More Archer Daniels Midland News

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Archer Daniels Midland Company Profile

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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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Analyst Recommendations for Archer Daniels Midland (NYSE:ADM)

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