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

Archer-Daniels-Midland Company (NYSE:ADM) has been given a consensus recommendation of “Reduce” by the eight analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $52.75.

A number of equities research analysts recently commented on ADM shares. Barclays decreased their price target on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research report on Monday, February 24th. Citigroup cut their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Stephens lowered their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. BMO Capital Markets reduced their target price on shares of 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. Finally, Morgan Stanley dropped their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th.

Archer-Daniels-Midland Price Performance

Archer-Daniels-Midland stock opened at $48.53 on Wednesday. The business has a 50 day simple moving average of $46.72 and a 200 day simple moving average of $50.38. Archer-Daniels-Midland has a one year low of $40.98 and a one year high of $66.08. The company has a market capitalization of $23.28 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81.

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

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a $0.51 dividend. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 4.20%. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 56.51%.

Institutional Investors Weigh In On Archer-Daniels-Midland

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. West Financial Advisors LLC increased its stake in shares of Archer-Daniels-Midland by 10.1% in the 4th quarter. West Financial Advisors LLC now owns 2,201 shares of the company’s stock valued at $111,000 after acquiring an additional 201 shares during the last quarter. Hantz Financial Services Inc. increased its stake in Archer-Daniels-Midland by 10.8% in the fourth quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company’s stock valued at $109,000 after purchasing an additional 210 shares in the last quarter. Invesco LLC raised its holdings in Archer-Daniels-Midland by 1.3% in the fourth quarter. Invesco LLC now owns 16,242 shares of the company’s stock worth $821,000 after purchasing an additional 211 shares during the period. Advisor OS LLC grew its holdings in shares of Archer-Daniels-Midland by 4.9% in the 4th quarter. Advisor OS LLC now owns 4,565 shares of the company’s stock valued at $231,000 after buying an additional 212 shares during the period. Finally, Advisory Alpha LLC increased its position in shares of Archer-Daniels-Midland by 2.8% in the 4th quarter. Advisory Alpha LLC now owns 7,952 shares of the company’s stock valued at $402,000 after buying an additional 216 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

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.