Archer-Daniels-Midland (NYSE:ADM) Stock Price Expected to Rise, Citigroup Analyst Says

Archer-Daniels-Midland (NYSE:ADM) had its target price lifted by Citigroup from $51.00 to $55.00 in a report published on Wednesday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

A number of other analysts also recently issued reports on the stock. UBS Group lifted their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Morgan Stanley cut their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. Barclays decreased their price objective on Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating on the stock in a report on Wednesday. Finally, BMO Capital Markets cut their target price on Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $61.08.

Archer-Daniels-Midland Stock Down 1.6 %

ADM stock opened at $51.42 on Wednesday. The company’s 50 day moving average is $55.34 and its 200 day moving average is $59.03. The stock has a market cap of $24.61 billion, a price-to-earnings ratio of 14.69 and a beta of 0.72. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland has a 1-year low of $48.92 and a 1-year high of $77.35.

Archer-Daniels-Midland Dividend Announcement

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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 57.14%.

Institutional Trading of Archer-Daniels-Midland

A number of institutional investors have recently modified their holdings of ADM. Peapack Gladstone Financial Corp raised its holdings in Archer-Daniels-Midland by 3.6% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 16,354 shares of the company’s stock worth $977,000 after purchasing an additional 574 shares in the last quarter. Synovus Financial Corp boosted its position in shares of Archer-Daniels-Midland by 3.6% during the third quarter. Synovus Financial Corp now owns 16,858 shares of the company’s stock valued at $1,007,000 after purchasing an additional 582 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Archer-Daniels-Midland in the third quarter worth $425,000. World Investment Advisors LLC purchased a new position in Archer-Daniels-Midland during the third quarter valued at $1,204,000. Finally, Virtu Financial LLC bought a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at $981,000. 78.28% of the stock is currently 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.