Archer-Daniels-Midland (NYSE:ADM) Price Target Lowered to $48.00 at Barclays

Archer-Daniels-Midland (NYSE:ADM) had its price objective decreased by Barclays from $50.00 to $48.00 in a research report sent to investors on Monday morning,Benzinga reports. Barclays currently has an underweight rating on the stock.

A number of other brokerages have also weighed in on ADM. Morgan Stanley lowered their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Stephens decreased their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. BMO Capital Markets cut their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Bank of America decreased their price objective on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a report on Tuesday, February 11th. Finally, Citigroup upped their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, Archer-Daniels-Midland has an average rating of “Hold” and an average target price of $54.89.

Archer-Daniels-Midland Trading Up 0.4 %

ADM opened at $48.41 on Monday. The firm’s 50 day moving average is $49.40 and its 200-day moving average is $54.23. Archer-Daniels-Midland has a 52-week low of $44.92 and a 52-week high of $66.08. The company has a quick ratio of 0.84, a current ratio of 5.44 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $23.16 billion, a P/E ratio of 13.41, a P/E/G ratio of 1.48 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.07. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 EPS. Analysts expect that Archer-Daniels-Midland will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a yield of 4.21%. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 56.51%.

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

Hedge Funds Weigh In On Archer-Daniels-Midland

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in Archer-Daniels-Midland in the 4th quarter valued at about $333,521,000. Wellington Management Group LLP raised its holdings in shares of Archer-Daniels-Midland by 41.5% during the third quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock valued at $1,160,755,000 after buying an additional 5,702,451 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Archer-Daniels-Midland by 28.4% during the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock worth $524,531,000 after buying an additional 2,296,193 shares during the period. Invesco Ltd. grew its holdings in Archer-Daniels-Midland by 24.8% in the 4th quarter. Invesco Ltd. now owns 7,145,818 shares of the company’s stock worth $361,007,000 after buying an additional 1,420,625 shares in the last quarter. Finally, State Street Corp increased its position in Archer-Daniels-Midland by 3.3% in the 3rd quarter. State Street Corp now owns 32,045,672 shares of the company’s stock valued at $1,914,408,000 after acquiring an additional 1,018,256 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

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.