Archer-Daniels-Midland Company (NYSE:ADM) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Archer-Daniels-Midland Company (NYSE:ADMGet Rating) have been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $103.00.

A number of analysts recently issued reports on the stock. UBS Group assumed coverage on shares of Archer-Daniels-Midland in a research note on Tuesday, December 13th. They issued a “buy” rating and a $115.00 price target for the company. Bank of America dropped their price target on shares of Archer-Daniels-Midland from $104.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, October 24th. StockNews.com upgraded shares of Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 20th. Stifel Nicolaus boosted their target price on shares of Archer-Daniels-Midland from $114.00 to $116.00 in a research note on Tuesday, January 3rd. Finally, Robert W. Baird boosted their target price on shares of Archer-Daniels-Midland from $94.00 to $98.00 and gave the company an “outperform” rating in a research note on Wednesday, October 26th.

Archer-Daniels-Midland Trading Down 3.5 %

NYSE ADM opened at $85.00 on Thursday. The company’s fifty day simple moving average is $92.30 and its 200-day simple moving average is $87.40. Archer-Daniels-Midland has a 52 week low of $65.64 and a 52 week high of $98.88. The company has a current ratio of 1.51, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. The stock has a market cap of $46.69 billion, a P/E ratio of 11.72, a PEG ratio of 2.18 and a beta of 0.85.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.44. The business had revenue of $24.68 billion during the quarter, compared to analyst estimates of $22.21 billion. Archer-Daniels-Midland had a net margin of 4.16% and a return on equity of 17.75%. The business’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 earnings per share. Equities research analysts predict that Archer-Daniels-Midland will post 7.48 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 7th. Stockholders of record on Wednesday, November 16th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.88%. Archer-Daniels-Midland’s dividend payout ratio is currently 22.07%.

Insider Transactions at Archer-Daniels-Midland

In related news, SVP D Cameron Findlay sold 26,198 shares of the company’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $92.64, for a total value of $2,426,982.72. Following the completion of the sale, the senior vice president now owns 284,987 shares of the company’s stock, valued at $26,401,195.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 300,000 shares of the company’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $93.38, for a total transaction of $28,014,000.00. Following the completion of the sale, the chief executive officer now directly owns 412,842 shares of the company’s stock, valued at $38,551,185.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP D Cameron Findlay sold 26,198 shares of the company’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $92.64, for a total value of $2,426,982.72. Following the completion of the transaction, the senior vice president now owns 284,987 shares in the company, valued at approximately $26,401,195.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 352,396 shares of company stock worth $32,972,495. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Archer-Daniels-Midland

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Archer-Daniels-Midland by 0.8% in the third quarter. Vanguard Group Inc. now owns 62,966,053 shares of the company’s stock valued at $5,065,619,000 after acquiring an additional 522,009 shares during the period. BlackRock Inc. lifted its position in Archer-Daniels-Midland by 0.9% in the third quarter. BlackRock Inc. now owns 44,149,903 shares of the company’s stock worth $3,551,860,000 after purchasing an additional 385,172 shares during the period. State Street Corp lifted its position in Archer-Daniels-Midland by 2.5% in the second quarter. State Street Corp now owns 32,405,932 shares of the company’s stock worth $2,514,700,000 after purchasing an additional 797,915 shares during the period. Northern Trust Corp lifted its position in Archer-Daniels-Midland by 0.5% in the second quarter. Northern Trust Corp now owns 13,673,309 shares of the company’s stock worth $1,061,049,000 after purchasing an additional 73,156 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Archer-Daniels-Midland by 29.4% in the third quarter. Bank of New York Mellon Corp now owns 6,524,033 shares of the company’s stock worth $524,856,000 after purchasing an additional 1,483,115 shares during the period. Institutional investors and hedge funds own 78.23% of the company’s stock.

About Archer-Daniels-Midland

(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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Analyst Recommendations for Archer-Daniels-Midland (NYSE:ADM)

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