Archer-Daniels-Midland (NYSE:ADM) Price Target Lowered to $49.00 at Citigroup

Archer-Daniels-Midland (NYSE:ADM) had its target price decreased by Citigroup from $51.00 to $49.00 in a report published on Tuesday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Several other research firms have also weighed in on ADM. Morgan Stanley cut their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. BMO Capital Markets dropped their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Bank of America raised Archer-Daniels-Midland from an “underperform” rating to a “neutral” rating and dropped their price objective for the company from $48.00 to $47.00 in a report on Tuesday. Barclays reduced their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday, February 24th. Finally, Stephens cut their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $52.75.

Archer-Daniels-Midland Price Performance

NYSE ADM opened at $46.09 on Tuesday. The company has a market cap of $22.11 billion, a PE ratio of 12.77, a P/E/G ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland has a 52-week low of $40.98 and a 52-week high of $66.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The firm’s 50 day moving average price is $46.53 and its 200-day moving average price is $50.78.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. The company had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm’s revenue was down 6.4% compared to the same quarter last year. During the same period last year, the business posted $1.36 earnings per share. Sell-side analysts forecast that Archer-Daniels-Midland will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a dividend of $0.51 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a yield of 4.43%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 56.51%.

Institutional Investors Weigh In On Archer-Daniels-Midland

A number of institutional investors have recently bought and sold shares of the stock. AustralianSuper Pty Ltd boosted its position in shares of Archer-Daniels-Midland by 26.4% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company’s stock worth $87,409,000 after buying an additional 360,844 shares during the period. Amundi boosted its holdings in Archer-Daniels-Midland by 56.7% in the 4th quarter. Amundi now owns 2,473,393 shares of the company’s stock worth $123,340,000 after acquiring an additional 894,562 shares during the period. Hickory Point Bank & Trust purchased a new stake in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $1,217,000. Semanteon Capital Management LP purchased a new position in shares of Archer-Daniels-Midland in the fourth quarter valued at $614,000. Finally, Aigen Investment Management LP lifted its holdings in Archer-Daniels-Midland by 127.7% in the 4th quarter. Aigen Investment Management LP now owns 46,950 shares of the company’s stock worth $2,372,000 after buying an additional 26,329 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Company Profile

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.