Archer-Daniels-Midland (NYSE:ADM) Given New $64.00 Price Target at UBS Group

Archer-Daniels-Midland (NYSE:ADM) had its price objective raised by UBS Group from $60.00 to $64.00 in a research note released on Monday morning, Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other research analysts have also weighed in on the company. Citigroup lowered their price objective on 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. JPMorgan Chase & Co. raised their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a neutral rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $65.62.

Archer-Daniels-Midland Stock Up 0.1 %

Shares of ADM stock opened at $59.51 on Monday. Archer-Daniels-Midland has a 1-year low of $50.72 and a 1-year high of $80.96. The stock’s fifty day moving average price is $61.25 and its 200 day moving average price is $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. The company has a market cap of $29.42 billion, a price-to-earnings ratio of 10.44 and a beta of 0.72.

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

Archer-Daniels-Midland Dividend Announcement

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

Insider Buying and Selling

In other news, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,047,857.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the 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 owns 265,210 shares in the company, valued at approximately $16,177,810. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the completion of the sale, the chief executive officer now 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. Insiders have sold a total of 219,348 shares of company stock worth $13,296,833 over the last quarter. 1.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Archer-Daniels-Midland

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cherry Tree Wealth Management LLC purchased a new stake in Archer-Daniels-Midland in the 1st quarter worth approximately $27,000. Riverview Trust Co purchased a new stake in Archer-Daniels-Midland in the 2nd quarter worth approximately $27,000. Altshuler Shaham Ltd purchased a new stake in Archer-Daniels-Midland in the 2nd quarter worth approximately $28,000. Crewe Advisors LLC purchased a new stake in Archer-Daniels-Midland in the 1st quarter worth approximately $30,000. Finally, Rise Advisors LLC bought a new position in shares of Archer-Daniels-Midland during the 1st quarter valued at $34,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

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.