Archer-Daniels-Midland Company (NYSE:ADM) Receives $60.62 Consensus PT from Analysts

Shares of Archer-Daniels-Midland Company (NYSE:ADM) have earned an average rating of “Reduce” from the fifteen brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and thirteen have given a hold recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $59.08.

ADM has been the subject of a number of recent analyst reports. Morgan Stanley reduced their target price 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. Bank of America downgraded shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $63.00 to $54.00 in a report on Tuesday, January 14th. BMO Capital Markets dropped their target price on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating for the company in a report on Wednesday, December 4th. Stephens started coverage on Archer-Daniels-Midland in a research note on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 price target on the stock. Finally, Citigroup raised their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th.

Archer-Daniels-Midland Stock Up 0.4 %

ADM opened at $51.23 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. Archer-Daniels-Midland has a 12 month low of $48.40 and a 12 month high of $68.85. The stock has a market capitalization of $24.52 billion, a P/E ratio of 14.64 and a beta of 0.72. The business has a 50 day simple moving average of $51.73 and a 200-day simple moving average of $56.84.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date was Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 57.14%.

Archer-Daniels-Midland announced that its board has approved a stock buyback program on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Archer-Daniels-Midland

Several institutional investors have recently added to or reduced their stakes in the business. State Street Corp increased its position in Archer-Daniels-Midland by 3.3% during the third 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 during the last quarter. Wellington Management Group LLP increased its holdings 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 worth $1,160,755,000 after buying an additional 5,702,451 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Archer-Daniels-Midland by 6.4% in the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock worth $483,084,000 after buying an additional 489,554 shares during the period. FMR LLC grew its position in Archer-Daniels-Midland by 33.9% during the third quarter. FMR LLC now owns 3,979,867 shares of the company’s stock valued at $237,757,000 after acquiring an additional 1,007,494 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Archer-Daniels-Midland by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,607,843 shares of the company’s stock worth $215,533,000 after acquiring an additional 63,883 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

About Archer-Daniels-Midland

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.