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

Archer-Daniels-Midland Company (NYSE:ADM) has received an average recommendation of “Reduce” from the fifteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and fourteen have given a hold recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $65.62.

A number of research firms have recently issued reports on ADM. UBS Group increased their target price on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday. JPMorgan Chase & Co. upped their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Citigroup reduced their price target on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th.

Archer-Daniels-Midland Trading Up 0.1 %

NYSE ADM opened at $59.51 on Tuesday. The company has a 50-day moving average of $61.25 and a 200-day moving average of $60.58. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. Archer-Daniels-Midland has a 12 month low of $50.72 and a 12 month high of $80.96. The company has a market cap of $29.42 billion, a P/E ratio of 10.44 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.19). The firm had revenue of $22.25 billion for the quarter, compared to analyst estimates of $23.12 billion. Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The business’s revenue was down 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.89 earnings per share. As a group, equities analysts predict that Archer-Daniels-Midland will post 5.33 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Wednesday, August 21st. Archer-Daniels-Midland’s payout ratio is currently 35.09%.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 45,471 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $61.00, for a total value of $2,773,731.00. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Juan R. Luciano sold 45,471 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $61.00, for a total value of $2,773,731.00. Following the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Juan R. Luciano sold 170,194 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total value of $10,298,438.94. Following the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 219,348 shares of company stock valued at $13,296,833. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Archer-Daniels-Midland

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cherry Tree Wealth Management LLC bought a new position in shares of Archer-Daniels-Midland in the first quarter valued at $27,000. Riverview Trust Co acquired a new stake in shares of Archer-Daniels-Midland during the second quarter worth $27,000. Altshuler Shaham Ltd purchased a new stake in shares of Archer-Daniels-Midland during the second quarter valued at $28,000. Crewe Advisors LLC acquired a new position in shares of Archer-Daniels-Midland in the 1st quarter valued at $30,000. Finally, Rise Advisors LLC purchased a new position in Archer-Daniels-Midland in the 1st quarter worth about $34,000. 78.28% of the stock is currently owned by 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.