Archer-Daniels-Midland Company (NYSE:ADM) Given Consensus Rating of “Reduce” by Analysts

Shares of Archer-Daniels-Midland Company (NYSE:ADM) have earned an average rating of “Reduce” from the eight research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $52.50.

ADM has been the subject of several research reports. Morgan Stanley reduced their price target 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. Bank of America downgraded shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $47.00 to $45.00 in a report on Thursday, May 8th. Stephens dropped their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Citigroup dropped their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Finally, BMO Capital Markets dropped their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th.

Institutional Investors Weigh In On Archer-Daniels-Midland

A number of institutional investors and hedge funds have recently modified their holdings of the company. Fairway Wealth LLC bought a new position in shares of Archer-Daniels-Midland in the fourth quarter worth approximately $25,000. S.A. Mason LLC bought a new position in shares of Archer-Daniels-Midland in the first quarter worth approximately $25,000. Headlands Technologies LLC bought a new position in shares of Archer-Daniels-Midland in the first quarter worth approximately $25,000. Raleigh Capital Management Inc. grew its position in Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after acquiring an additional 357 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in Archer-Daniels-Midland during the fourth quarter valued at approximately $28,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Price Performance

ADM opened at $50.15 on Friday. The firm has a market cap of $24.09 billion, a P/E ratio of 13.89, a PEG ratio of 1.54 and a beta of 0.69. The firm has a 50-day moving average of $47.14 and a 200 day moving average of $49.31. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. Archer-Daniels-Midland has a fifty-two week low of $40.98 and a fifty-two week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. The company had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.46 earnings per share. On average, research analysts expect that Archer-Daniels-Midland will post 4.31 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Wednesday, May 21st. Archer-Daniels-Midland’s payout ratio is 72.86%.

About Archer-Daniels-Midland

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.