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

Archer Daniels Midland Company (NYSE:ADM) has been assigned a consensus recommendation of “Reduce” from the eight research firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $52.25.

ADM has been the topic of a number of analyst reports. UBS Group raised shares of Archer Daniels Midland from a “neutral” rating to a “buy” rating and boosted their target price for the company from $55.00 to $60.00 in a report on Monday, May 19th. Barclays increased their price objective on Archer Daniels Midland from $48.00 to $50.00 and gave the stock an “underweight” rating in a report on Wednesday, July 2nd. Citigroup cut their target price on Archer Daniels Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Finally, Bank of America cut Archer Daniels Midland from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $47.00 to $45.00 in a research report on Thursday, May 8th.

Archer Daniels Midland Trading Down 1.8%

NYSE:ADM opened at $54.90 on Monday. Archer Daniels Midland has a 12 month low of $40.98 and a 12 month high of $66.08. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $50.09 and its 200 day moving average is $48.79. The stock has a market capitalization of $26.37 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 3.07 and a beta of 0.69.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $20.18 billion for the quarter, compared to analysts’ expectations of $22.05 billion. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.46 EPS. Sell-side analysts expect that Archer Daniels Midland will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend was Wednesday, May 21st. Archer Daniels Midland’s payout ratio is 72.86%.

Institutional Investors Weigh In On Archer Daniels Midland

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fairway Wealth LLC bought a new stake in Archer Daniels Midland in the 4th quarter worth approximately $25,000. S.A. Mason LLC bought a new stake in shares of Archer Daniels Midland in the 1st quarter worth approximately $25,000. Headlands Technologies LLC purchased a new stake in shares of Archer Daniels Midland in the 1st quarter valued at $25,000. CoreFirst Bank & Trust bought a new position in shares of Archer Daniels Midland during the 4th quarter valued at $30,000. Finally, ORG Partners LLC raised its position in Archer Daniels Midland by 297.2% in the 1st quarter. ORG Partners LLC now owns 699 shares of the company’s stock worth $34,000 after purchasing an additional 523 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

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.