Archer-Daniels-Midland Company (NYSE:ADM) Receives Average Recommendation of “Reduce” from Analysts

Archer-Daniels-Midland Company (NYSE:ADM) has been given a consensus rating of “Reduce” by the fifteen research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and fourteen have assigned a hold recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $67.43.

Separately, Citigroup reduced their target price on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Monday, July 15th.

Archer-Daniels-Midland Stock Up 1.0 %

ADM stock opened at $63.98 on Monday. The company has a market cap of $31.63 billion, a PE ratio of 11.22 and a beta of 0.74. The business has a 50-day simple moving average of $61.91 and a 200 day simple moving average of $59.98. Archer-Daniels-Midland has a 52 week low of $50.72 and a 52 week high of $87.29. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.35.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.35 by $0.11. The firm had revenue of $21.85 billion during the quarter, compared to the consensus estimate of $22.26 billion. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. The business’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.09 earnings per share. Sell-side analysts anticipate that Archer-Daniels-Midland will post 5.54 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Wednesday, May 15th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, insider Fruit Molly L. Strader sold 6,904 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total transaction of $419,279.92. Following the transaction, the insider now directly owns 8,555 shares of the company’s stock, valued at $519,545.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Archer-Daniels-Midland

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Archer-Daniels-Midland by 12.1% during the first quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company’s stock worth $4,260,165,000 after purchasing an additional 7,320,289 shares during the period. Wellington Management Group LLP raised its position in Archer-Daniels-Midland by 11.1% in the 4th quarter. Wellington Management Group LLP now owns 15,325,806 shares of the company’s stock valued at $1,106,830,000 after buying an additional 1,532,284 shares during the last quarter. First Trust Advisors LP raised its position in Archer-Daniels-Midland by 3.5% in the 4th quarter. First Trust Advisors LP now owns 6,488,389 shares of the company’s stock valued at $468,591,000 after buying an additional 217,459 shares during the last quarter. Norges Bank purchased a new stake in Archer-Daniels-Midland in the 4th quarter valued at $420,457,000. Finally, Dimensional Fund Advisors LP raised its position in Archer-Daniels-Midland by 6.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,043,862 shares of the company’s stock valued at $292,050,000 after buying an additional 244,765 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

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.