Archer Daniels Midland’s (ADM) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their hold (c) rating on shares of Archer Daniels Midland (NYSE:ADM) in a report issued on Friday morning,Weiss Ratings reports.

Several other research firms have also commented on ADM. Morgan Stanley increased their target price on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, August 12th. Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. Wall Street Zen raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. UBS Group reaffirmed a “buy” rating and set a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Finally, JPMorgan Chase & Co. started coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 target price on the stock. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $55.50.

Archer Daniels Midland Price Performance

Shares of NYSE:ADM opened at $63.40 on Friday. The company’s fifty day moving average price is $61.69 and its 200-day moving average price is $55.05. The firm has a market capitalization of $30.46 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 5.00 and a beta of 0.70. Archer Daniels Midland has a one year low of $40.98 and a one year high of $64.57. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Monday, December 2nd. The company reported $1.63 EPS for the quarter. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The company had revenue of $21.70 billion for the quarter. On average, equities research analysts anticipate that Archer Daniels Midland will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, August 20th. Archer Daniels Midland’s dividend payout ratio (DPR) is 89.87%.

Institutional Investors Weigh In On Archer Daniels Midland

Several institutional investors and hedge funds have recently modified their holdings of ADM. Headlands Technologies LLC purchased a new stake in shares of Archer Daniels Midland in the 1st quarter worth about $25,000. SOA Wealth Advisors LLC. purchased a new stake in shares of Archer Daniels Midland in the 2nd quarter worth about $25,000. Trust Co. of Vermont lifted its position in shares of Archer Daniels Midland by 367.0% in the 3rd quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares during the period. Trust Co. of Toledo NA OH purchased a new stake in shares of Archer Daniels Midland in the 2nd quarter worth about $32,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Archer Daniels Midland in the 2nd quarter worth about $36,000. 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.