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

Archer-Daniels-Midland Company (NYSE:ADMGet Free Report) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $92.90.

A number of equities research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Archer-Daniels-Midland in a report on Thursday, October 5th. They set a “buy” rating on the stock. JPMorgan Chase & Co. reduced their target price on shares of Archer-Daniels-Midland from $77.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, October 25th. Stephens dropped their price objective on shares of Archer-Daniels-Midland from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 25th. Morgan Stanley dropped their price objective on shares of Archer-Daniels-Midland from $87.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Monday, October 30th. Finally, Argus increased their price objective on shares of Archer-Daniels-Midland from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, August 1st.

Get Our Latest Stock Analysis on ADM

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Truist Financial Corp grew its position in Archer-Daniels-Midland by 54.9% during the 3rd quarter. Truist Financial Corp now owns 199,402 shares of the company’s stock worth $15,039,000 after purchasing an additional 70,669 shares during the last quarter. Fairhaven Wealth Management LLC grew its position in Archer-Daniels-Midland by 3.3% during the 3rd quarter. Fairhaven Wealth Management LLC now owns 30,695 shares of the company’s stock worth $2,315,000 after purchasing an additional 970 shares during the last quarter. AQR Capital Management LLC grew its position in Archer-Daniels-Midland by 31.4% during the 3rd quarter. AQR Capital Management LLC now owns 2,864,305 shares of the company’s stock worth $216,026,000 after purchasing an additional 683,984 shares during the last quarter. Hodges Capital Management Inc. purchased a new position in Archer-Daniels-Midland during the 3rd quarter worth $238,000. Finally, United Services Automobile Association grew its position in Archer-Daniels-Midland by 12.8% during the 3rd quarter. United Services Automobile Association now owns 14,726 shares of the company’s stock worth $1,111,000 after purchasing an additional 1,672 shares during the last quarter. 77.73% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $73.87 on Wednesday. The firm’s 50 day moving average price is $74.73 and its 200-day moving average price is $76.83. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.07 and a current ratio of 1.69. Archer-Daniels-Midland has a one year low of $69.31 and a one year high of $98.12. The firm has a market cap of $39.40 billion, a P/E ratio of 10.29, a P/E/G ratio of 1.56 and a beta of 0.83.

Archer-Daniels-Midland (NYSE:ADMGet Free Report) last issued its quarterly earnings data on Tuesday, October 24th. The company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.53 by $0.10. The firm had revenue of $21.70 billion for the quarter, compared to analyst estimates of $23.69 billion. Archer-Daniels-Midland had a net margin of 4.05% and a return on equity of 16.63%. The business’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.86 EPS. As a group, equities research analysts predict that Archer-Daniels-Midland will post 7.26 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Wednesday, November 15th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Tuesday, November 14th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 25.07%.

Archer-Daniels-Midland Company Profile

(Get Free Report

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

See Also

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

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