Archer Daniels Midland Company (NYSE:ADM) Given Average Rating of "Hold" by Brokerages

Key Points

• Archer Daniels Midland Company (NYSE:ADM) has received an average rating of "Hold" from analysts, with one sell recommendation, six holds, and one buy.
• UBS Group has recently raised its price target for ADM to $70.00, while Morgan Stanley increased it to $57.00, reflecting a positive outlook from certain analysts.
• The company announced a quarterly dividend of $0.51 per share, payable on September 10, which corresponds to an annualized yield of 3.2% and a payout ratio of 89.87%.

Archer Daniels Midland Company (NYSE:ADM - Get Free Report) has been given an average recommendation of "Hold" by the eight analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $55.50.

Several research firms have recently weighed in on ADM. UBS Group reaffirmed a "buy" rating and set a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Barclays raised Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $50.00 to $61.00 in a research report on Wednesday, August 6th. Bank of America cut Archer Daniels Midland from a "neutral" rating to an "underperform" rating and reduced their price objective for the stock from $47.00 to $45.00 in a research report on Thursday, May 8th. Morgan Stanley upped their price objective on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen raised Archer Daniels Midland from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th.

Archer Daniels Midland Stock Up 2.1%

NYSE:ADM opened at $64.27 on Tuesday. Archer Daniels Midland has a 1 year low of $40.98 and a 1 year high of $64.38. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The stock has a market cap of $30.88 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 3.35 and a beta of 0.68. The stock has a 50-day moving average price of $55.87 and a two-hundred day moving average price of $50.42.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.05. The firm had revenue of $21.17 billion during the quarter, compared to analysts' expectations of $21.56 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The company's revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 earnings per share. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, equities analysts expect that Archer Daniels Midland will post 4.31 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 10th. Investors of record on Wednesday, August 20th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.2%. The ex-dividend date is Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio is presently 89.87%.

Institutional Trading of Archer Daniels Midland

Institutional investors and hedge funds have recently bought and sold shares of the business. Handelsbanken Fonder AB bought a new stake in Archer Daniels Midland in the first quarter valued at approximately $1,183,000. Bell Bank raised its stake in Archer Daniels Midland by 11.0% in the first quarter. Bell Bank now owns 167,536 shares of the company's stock valued at $8,043,000 after buying an additional 16,558 shares during the period. SG Americas Securities LLC bought a new stake in Archer Daniels Midland in the first quarter valued at approximately $333,000. Sarasin & Partners LLP bought a new stake in Archer Daniels Midland in the first quarter valued at approximately $1,200,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Archer Daniels Midland by 18.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 167,515 shares of the company's stock valued at $8,042,000 after buying an additional 26,328 shares during the period. Institutional investors own 78.28% of the company's stock.

About Archer Daniels Midland

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag 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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.