Archer-Daniels-Midland (NYSE:ADM) Price Target Cut to $56.00 by Analysts at Barclays

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

Other research analysts have also recently issued research reports about the stock. Morgan Stanley reduced their target price on shares of 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. UBS Group raised their target price 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 research analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Archer-Daniels-Midland currently has an average rating of “Hold” and an average target price of $61.08.

Archer-Daniels-Midland Price Performance

Shares of ADM opened at $51.77 on Wednesday. Archer-Daniels-Midland has a twelve month low of $48.92 and a twelve month high of $77.35. The company has a 50 day moving average of $55.48 and a two-hundred day moving average of $59.07. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The company has a market cap of $24.77 billion, a price-to-earnings ratio of 14.79 and a beta of 0.72.

Archer-Daniels-Midland Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 3.86%. Archer-Daniels-Midland’s payout ratio is 57.14%.

Hedge Funds Weigh In On Archer-Daniels-Midland

Several institutional investors and hedge funds have recently bought and sold shares of ADM. Harbor Capital Advisors Inc. purchased a new stake in Archer-Daniels-Midland during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC purchased a new stake in Archer-Daniels-Midland during the 3rd quarter worth approximately $26,000. Riverview Trust Co purchased a new stake in Archer-Daniels-Midland during the 2nd quarter worth approximately $27,000. Altshuler Shaham Ltd purchased a new stake in Archer-Daniels-Midland during the 2nd quarter worth approximately $28,000. Finally, Peterson Financial Group Inc. purchased a new stake in Archer-Daniels-Midland during the 3rd quarter worth approximately $28,000. 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.