Archer-Daniels-Midland (NYSE:ADM) Board of Directors Initiates Share Repurchase Plan

Archer-Daniels-Midland (NYSE:ADM) declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th, RTT News reports. The company plans to buyback 100,000,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley cut their target price on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. Barclays dropped their price target on Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating on the stock in a research report on Wednesday, December 4th. Stephens started coverage on Archer-Daniels-Midland in a report on Wednesday. They issued an “equal weight” rating and a $55.00 price objective for the company. Citigroup upped their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Finally, BMO Capital Markets lowered their price target on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating for the company in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. Based on data from MarketBeat.com, Archer-Daniels-Midland has a consensus rating of “Hold” and a consensus price target of $60.62.

Archer-Daniels-Midland Stock Performance

Shares of ADM opened at $52.95 on Thursday. Archer-Daniels-Midland has a 12 month low of $48.92 and a 12 month high of $77.35. The business’s fifty day simple moving average is $54.86 and its two-hundred day simple moving average is $58.80. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. The company has a market cap of $25.34 billion, a price-to-earnings ratio of 15.10 and a beta of 0.72.

Archer-Daniels-Midland Announces Dividend

The firm 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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 57.14%.

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.