Archer Daniels Midland (NYSE:ADM) Cut to Hold at Zacks Research

Key Points

• Zacks Research downgraded Archer Daniels Midland from “strong buy” to “hold,” aligning with the broader analyst consensus of “hold.” The consensus price target is $79.67.
• ADM shares opened at $82.19 and were down 0.3%, with the stock trading between a one-year low of $55.58 and high of $88.75.
• The company reported quarterly EPS of $1.84, beating estimates of $1.49, while revenue rose 7.2% year over year to $22.68 billion. Institutional investors own 78.28% of ADM’s outstanding shares.

Archer Daniels Midland (NYSE:ADM - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Monday, Zacks reports.

A number of other brokerages have also recently issued reports on ADM. Jefferies Financial Group upgraded shares of Archer Daniels Midland to a "hold" rating in a report on Tuesday, September 29th. Morgan Stanley raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $60.00 to $79.00 in a research report on Wednesday, August 5th. Weiss Ratings upgraded shares of Archer Daniels Midland from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded Archer Daniels Midland from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 26th. Finally, 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. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned 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.

Archer Daniels Midland Stock Down 0.3%

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

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating 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 last year, the firm earned $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. On average, sell-side analysts forecast that Archer Daniels Midland will post 5.46 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Archer Daniels Midland in the 2nd quarter valued at approximately $3,409,089,000. Wellington Management Group LLP grew its position 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 valued at $1,350,005,000 after acquiring an additional 382,460 shares during the period. Victory Capital Management Inc. increased its stake in shares of 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 worth $321,486,000 after purchasing an additional 4,991,550 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 purchasing an additional 163,749 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Archer Daniels Midland by 4.1% in the 4th quarter. Pacer Advisors Inc. now owns 4,585,316 shares of the company's stock valued at $263,610,000 after purchasing an additional 179,889 shares during the period. 78.28% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.