Archer-Daniels-Midland Company (NYSE:ADM) to Issue $0.40 Quarterly Dividend

Archer-Daniels-Midland Company (NYSE:ADMGet Rating) declared a quarterly dividend on Wednesday, May 4th, RTT News reports. Stockholders of record on Wednesday, May 18th will be given a dividend of 0.40 per share on Wednesday, June 8th. This represents a $1.60 annualized dividend and a dividend yield of 1.76%.

Archer-Daniels-Midland has increased its dividend by an average of 3.4% annually over the last three years and has increased its dividend every year for the last 49 years. Archer-Daniels-Midland has a dividend payout ratio of 27.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Archer-Daniels-Midland to earn $5.78 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 27.7%.

Archer-Daniels-Midland stock opened at $91.15 on Thursday. The stock has a market capitalization of $51.29 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 2.38 and a beta of 0.75. Archer-Daniels-Midland has a twelve month low of $56.91 and a twelve month high of $98.88. The company has a quick ratio of 0.81, a current ratio of 1.42 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $88.87 and a 200-day moving average of $75.52.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last announced its earnings results on Tuesday, April 26th. The company reported $1.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.49. Archer-Daniels-Midland had a net margin of 3.42% and a return on equity of 14.40%. The business had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $20.61 billion. During the same quarter in the prior year, the company posted $1.39 earnings per share. The firm’s revenue was up 25.2% on a year-over-year basis. Equities analysts anticipate that Archer-Daniels-Midland will post 5.99 EPS for the current fiscal year.

In related news, SVP Gregory A. Morris sold 20,000 shares of the company’s stock in a transaction dated Friday, March 18th. The shares were sold at an average price of $83.37, for a total value of $1,667,400.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Ray G. Young sold 155,266 shares of the company’s stock in a transaction dated Tuesday, February 8th. The shares were sold at an average price of $76.74, for a total transaction of $11,915,112.84. The disclosure for this sale can be found here. Insiders sold 308,477 shares of company stock worth $23,831,476 over the last three months. Insiders own 1.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Vident Investment Advisory LLC grew its stake in Archer-Daniels-Midland by 1.4% during the fourth quarter. Vident Investment Advisory LLC now owns 15,596 shares of the company’s stock worth $1,055,000 after buying an additional 219 shares in the last quarter. Forum Financial Management LP acquired a new stake in Archer-Daniels-Midland during the fourth quarter worth about $498,000. EverSource Wealth Advisors LLC acquired a new stake in Archer-Daniels-Midland during the fourth quarter worth about $33,000. Jaffetilchin Investment Partners LLC grew its stake in Archer-Daniels-Midland by 13.9% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 8,069 shares of the company’s stock worth $545,000 after buying an additional 987 shares in the last quarter. Finally, Toroso Investments LLC boosted its stake in shares of Archer-Daniels-Midland by 82.5% in the 4th quarter. Toroso Investments LLC now owns 14,738 shares of the company’s stock valued at $996,000 after purchasing an additional 6,663 shares in the last quarter. Institutional investors and hedge funds own 75.38% of the company’s stock.

ADM has been the subject of several recent research reports. Monness Crespi & Hardt cut shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a report on Monday, April 18th. Credit Suisse Group upped their price target on shares of Archer-Daniels-Midland from $80.00 to $92.00 in a research report on Wednesday, April 27th. Barclays upped their price target on shares of Archer-Daniels-Midland from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, April 22nd. JPMorgan Chase & Co. started coverage on shares of Archer-Daniels-Midland in a research report on Wednesday, January 12th. They set a “hold” rating and a $74.00 price target on the stock. Finally, Zacks Investment Research lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and set a $98.00 price target on the stock. in a research report on Tuesday, March 29th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $84.38.

Archer-Daniels-Midland Company Profile (Get Rating)

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, Cayman Islands, Brazil, Mexico, the United Kingdom, and internationally. The company operates through three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

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Dividend History for Archer-Daniels-Midland (NYSE:ADM)

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