Archer-Daniels-Midland Company (NYSE:ADM) Given Average Rating of “Reduce” by Analysts

Archer-Daniels-Midland Company (NYSE:ADM) has earned a consensus recommendation of “Reduce” from the thirteen brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and twelve have issued a hold rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $63.82.

Several equities analysts have issued reports on the stock. Citigroup cut their price target on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. UBS Group lifted 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st.

Insider Buying and Selling

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,047,857.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the completion of the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 219,348 shares of company stock valued at $13,296,833. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Archer-Daniels-Midland

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Intact Investment Management Inc. acquired a new stake in Archer-Daniels-Midland during the third quarter worth about $72,000. Harbor Capital Advisors Inc. acquired a new stake in Archer-Daniels-Midland during the third quarter worth about $25,000. Greenwich Wealth Management LLC increased its position in Archer-Daniels-Midland by 0.5% during the third quarter. Greenwich Wealth Management LLC now owns 48,140 shares of the company’s stock worth $2,876,000 after purchasing an additional 217 shares during the last quarter. Invesco LLC increased its position in Archer-Daniels-Midland by 8.7% during the third quarter. Invesco LLC now owns 16,031 shares of the company’s stock worth $958,000 after purchasing an additional 1,285 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in Archer-Daniels-Midland by 0.8% during the third quarter. Chicago Partners Investment Group LLC now owns 38,333 shares of the company’s stock worth $2,150,000 after purchasing an additional 291 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $56.32 on Wednesday. The firm has a market cap of $26.93 billion, a price-to-earnings ratio of 11.31 and a beta of 0.72. The company’s 50 day moving average is $59.11 and its 200 day moving average is $60.47. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland has a 52-week low of $50.72 and a 52-week high of $77.35.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results 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). Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The firm had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $23.12 billion. During the same period in the prior year, the firm posted $1.89 earnings per share. Archer-Daniels-Midland’s revenue for the quarter was down 11.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Archer-Daniels-Midland will post 5.33 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 40.16%.

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.