Archer-Daniels-Midland (NYSE:ADM) Price Target Cut to $52.00 by Analysts at Morgan Stanley

Archer-Daniels-Midland (NYSE:ADM) had its target price trimmed by Morgan Stanley from $57.00 to $52.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Citigroup cut their target price on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. UBS Group lifted their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. increased their target price on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company. Based on data from MarketBeat, Archer-Daniels-Midland has a consensus rating of “Hold” and an average target price of $62.83.

Archer-Daniels-Midland Price Performance

NYSE ADM opened at $53.35 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. The company has a market capitalization of $25.51 billion, a price-to-earnings ratio of 10.71 and a beta of 0.73. The stock has a 50-day moving average of $57.36 and a 200 day moving average of $59.81. Archer-Daniels-Midland has a one year low of $48.92 and a one year high of $77.35.

Archer-Daniels-Midland Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.75%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is currently 40.16%.

Insider Transactions at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 3,683 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,177,810. The trade was a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 219,348 shares of company stock valued at $13,296,833 over the last three months. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ADM. 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 valued at $4,260,165,000 after buying an additional 7,320,289 shares during the last quarter. State Street Corp grew its stake in Archer-Daniels-Midland by 3.3% during the third quarter. State Street Corp now owns 32,045,672 shares of the company’s stock valued at $1,914,408,000 after acquiring an additional 1,018,256 shares in the last quarter. Wellington Management Group LLP increased its holdings in Archer-Daniels-Midland by 41.5% in the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock valued at $1,160,755,000 after acquiring an additional 5,702,451 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Archer-Daniels-Midland by 6.4% in the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock worth $483,084,000 after purchasing an additional 489,554 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Archer-Daniels-Midland by 33.9% during the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company’s stock valued at $237,757,000 after purchasing an additional 1,007,494 shares during the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

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.