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

Shares of Archer-Daniels-Midland Company (NYSE:ADM) have been given an average rating of “Reduce” by the fifteen analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and fourteen have given a hold recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $65.62.

Several equities research analysts have recently issued reports on ADM shares. Citigroup reduced their price objective on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. UBS Group upped their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, JPMorgan Chase & Co. lifted their target price on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st.

Insider Buying and Selling

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was 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 approximately $16,047,857.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Juan R. Luciano sold 45,471 shares of the business’s 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 sale, the chief executive officer now directly owns 265,210 shares in the company, 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. Insiders have sold a total of 219,348 shares of company stock worth $13,296,833 in the last ninety days. 1.20% of the stock is owned by insiders.

Institutional Trading of Archer-Daniels-Midland

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cherry Tree Wealth Management LLC acquired a new position in shares of Archer-Daniels-Midland in the first quarter worth about $27,000. Riverview Trust Co purchased a new position in shares of Archer-Daniels-Midland during the 2nd quarter valued at approximately $27,000. Altshuler Shaham Ltd purchased a new stake in Archer-Daniels-Midland in the 2nd quarter worth $28,000. Crewe Advisors LLC acquired a new position in Archer-Daniels-Midland during the first quarter worth $30,000. Finally, Rise Advisors LLC purchased a new position in Archer-Daniels-Midland during the first quarter valued at $34,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Shares of ADM opened at $59.23 on Friday. Archer-Daniels-Midland has a one year low of $50.72 and a one year high of $77.35. The business has a fifty day moving average of $59.87 and a 200 day moving average of $61.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. The firm has a market capitalization of $29.29 billion, a P/E ratio of 10.39 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.19). Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The company had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $23.12 billion. During the same quarter last year, the firm posted $1.89 earnings per share. The company’s revenue was down 11.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Archer-Daniels-Midland will post 5.33 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 3.38%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

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.