Archer Daniels Midland (NYSE:ADM) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Archer Daniels Midland (NYSE:ADM) from a buy rating to a strong-buy rating in a research report released on Saturday,Wall Street Zen reports.

ADM has been the topic of a number of other reports. Barclays upped 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 note on Wednesday, August 5th. Weiss Ratings upgraded Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Morgan Stanley raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $60.00 to $79.00 in a research note on Wednesday, August 5th. Zacks Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, UBS Group lifted their target price on Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $79.67.

Archer Daniels Midland Stock Down 0.8%

NYSE:ADM opened at $81.22 on Friday. The company has a market cap of $39.14 billion, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 2.47 and a beta of 0.62. Archer Daniels Midland has a twelve month low of $55.58 and a twelve month high of $88.75. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $82.51 and a 200-day simple moving average of $78.06.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $22.75 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The business’s revenue for the quarter 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. Analysts anticipate that Archer Daniels Midland will post 5.46 EPS for the current year.

Archer Daniels Midland Announces Dividend

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 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, August 19th. Archer Daniels Midland’s dividend payout ratio is presently 56.99%.

Hedge Funds Weigh In On Archer Daniels Midland

Several institutional investors have recently bought and sold shares of ADM. Kelleher Financial Advisors purchased a new stake in Archer Daniels Midland during the second quarter worth $25,000. Orion Capital Management LLC purchased a new position in shares of Archer Daniels Midland in the 2nd quarter valued at $27,000. Global Trust Asset Management LLC bought a new position in shares of Archer Daniels Midland in the 1st quarter worth $29,000. OP Asset Management Ltd bought a new position in shares of Archer Daniels Midland in the 1st quarter worth $30,000. Finally, Archer Investment Corp purchased a new stake in shares of Archer Daniels Midland during the 2nd quarter worth $35,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer Daniels Midland Company Profile

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company. Founded in 1902, ADM connects farmers and agricultural markets with food, beverage, animal nutrition and industrial customers by sourcing, transporting, storing and processing crops and other agricultural commodities.

The company’s operations include the processing of oilseeds such as soybeans, canola and sunflower seeds into vegetable oils, protein meals and other ingredients. ADM also produces corn and wheat-based sweeteners, starches, flours, fibers and other carbohydrate products, along with plant-based proteins, flavors, emulsifiers and specialty ingredients used in food and beverage manufacturing.

ADM serves customers in markets around the world through its agricultural services, commodity merchandising, transportation, processing and storage networks.