Fintel reports that on October 25, 2023, JP Morgan maintained coverage of Archer Daniels Midland (NYSE:ADM) with a Neutral recommendation.
Analyst Price Forecast Suggests 42.24% Upside
As of October 5, 2023, the average one-year price target for Archer Daniels Midland is 101.06. The forecasts range from a low of 85.85 to a high of $122.85. The average price target represents an increase of 42.24% from its latest reported closing price of 71.05.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Archer Daniels Midland is 101,860MM, an increase of 5.12%. The projected annual non-GAAP EPS is 6.73.
Archer Daniels Midland Declares $0.45 Dividend
On August 2, 2023 the company declared a regular quarterly dividend of $0.45 per share ($1.80 annualized). Shareholders of record as of August 16, 2023 received the payment on September 6, 2023. Previously, the company paid $0.45 per share.
At the current share price of $71.05 / share, the stock's dividend yield is 2.53%.
Looking back five years and taking a sample every week, the average dividend yield has been 2.71%, the lowest has been 1.65%, and the highest has been 4.91%. The standard deviation of yields is 0.66 (n=236).
The current dividend yield is 0.27 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.25. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.25%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1889 funds or institutions reporting positions in Archer Daniels Midland. This is a decrease of 124 owner(s) or 6.16% in the last quarter. Average portfolio weight of all funds dedicated to ADM is 0.31%, a decrease of 4.08%. Total shares owned by institutions decreased in the last three months by 2.89% to 483,610K shares. 
The put/call ratio of ADM is 0.97, indicating a bullish outlook.
What are Other Shareholders Doing?
State Farm Mutual Automobile Insurance holds 46,797K shares representing 8.73% ownership of the company. No change in the last quarter.
AWSHX - WASHINGTON MUTUAL INVESTORS FUND holds 17,718K shares representing 3.30% ownership of the company. In it's prior filing, the firm reported owning 18,218K shares, representing a decrease of 2.82%. The firm decreased its portfolio allocation in ADM by 0.65% over the last quarter.
Capital World Investors holds 17,226K shares representing 3.21% ownership of the company. In it's prior filing, the firm reported owning 18,873K shares, representing a decrease of 9.56%. The firm decreased its portfolio allocation in ADM by 19.44% over the last quarter.
Capital International Investors holds 17,105K shares representing 3.19% ownership of the company. In it's prior filing, the firm reported owning 17,101K shares, representing an increase of 0.02%. The firm decreased its portfolio allocation in ADM by 11.02% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 16,995K shares representing 3.17% ownership of the company. In it's prior filing, the firm reported owning 16,965K shares, representing an increase of 0.17%. The firm decreased its portfolio allocation in ADM by 12.33% over the last quarter.
Archer Daniels Midland Background Information
(This description is provided by the company.)
ADM unlocks the power of nature to provide access to nutrition worldwide. With industry-advancing innovations, a complete portfolio of ingredients and solutions to meet any taste, and a commitment to sustainability, ADM gives customers an edge in solving the nutritional challenges of today and tomorrow. ADM is a global leader in human and animal nutrition and the world's premier agricultural origination and processing company. Its breadth, depth, insights, facilities and logistical expertise give ADM unparalleled capabilities to meet needs for food, beverages, health and wellness, and more.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
