Barclays Lowers Archer-Daniels-Midland (NYSE:ADM) Price Target to $56.00

Archer-Daniels-Midland (NYSE:ADM) had its price objective decreased by Barclays from $60.00 to $56.00 in a research note published on Wednesday morning,Benzinga reports. Barclays currently has an underweight rating on the stock.

A number of other analysts have also recently commented on the company. 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 research report on Tuesday, November 12th. UBS Group boosted their price target 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. One investment analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $61.08.

Archer-Daniels-Midland Stock Performance

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

Archer-Daniels-Midland Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.89%. Archer-Daniels-Midland’s payout ratio is currently 57.14%.

Institutional Investors Weigh In On Archer-Daniels-Midland

Institutional investors and hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. lifted its holdings in Archer-Daniels-Midland by 15,790.1% in the 2nd quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company’s stock valued at $459,232,000 after purchasing an additional 7,549,083 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Archer-Daniels-Midland by 41.5% during 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. AQR Capital Management LLC increased its position in Archer-Daniels-Midland by 73.6% during the 2nd quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company’s stock worth $170,960,000 after purchasing an additional 1,199,992 shares in the last quarter. State Street Corp increased its position in Archer-Daniels-Midland by 3.3% during the 3rd quarter. State Street Corp now owns 32,045,672 shares of the company’s stock worth $1,914,408,000 after purchasing an additional 1,018,256 shares in the last quarter. Finally, FMR LLC increased its position in Archer-Daniels-Midland by 33.9% during the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company’s stock worth $237,757,000 after purchasing an additional 1,007,494 shares in the last quarter. 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.