Archer Daniels Midland Co. (NYSE:ADM) Receives Average Recommendation of “Hold” from Analysts
Archer Daniels Midland Co. (NYSE:ADM) has been given an average rating of “Hold” by the sixteen analysts that are presently covering the stock. Eleven research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $45.58.
A number of research firms have recently weighed in on ADM. Vetr raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating and set a $49.80 target price for the company in a research report on Tuesday, September 6th. Argus raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and increased their target price for the company from $43.93 to $54.00 in a research report on Thursday, August 4th. Zacks Investment Research raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Wednesday, June 29th. Morgan Stanley reissued a “hold” rating on shares of Archer Daniels Midland in a research report on Thursday, June 16th. Finally, BB&T Corp. began coverage on shares of Archer Daniels Midland in a research report on Tuesday, July 12th. They set a “hold” rating for the company.
In other news, insider Ambrose Michael D sold 41,525 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $45.00, for a total value of $1,868,625.00. Following the sale, the insider now directly owns 198,028 shares in the company, valued at approximately $8,911,260. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.15% of the stock is currently owned by insiders.
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Several hedge funds have recently added to or reduced their stakes in ADM. State Street Corp boosted its stake in Archer Daniels Midland by 7.0% in the first quarter. State Street Corp now owns 33,551,175 shares of the company’s stock worth $1,218,240,000 after buying an additional 2,191,435 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Archer Daniels Midland by 14.7% in the second quarter. Bank of New York Mellon Corp now owns 11,865,220 shares of the company’s stock worth $508,897,000 after buying an additional 1,522,781 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Archer Daniels Midland by 91.0% in the second quarter. Victory Capital Management Inc. now owns 2,544,338 shares of the company’s stock worth $109,126,000 after buying an additional 1,211,880 shares in the last quarter. American Century Companies Inc. boosted its stake in Archer Daniels Midland by 2,281.0% in the second quarter. American Century Companies Inc. now owns 1,164,376 shares of the company’s stock worth $49,940,000 after buying an additional 1,115,473 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in Archer Daniels Midland by 536.2% in the second quarter. Stifel Financial Corp now owns 1,251,839 shares of the company’s stock worth $53,693,000 after buying an additional 1,055,063 shares in the last quarter. Institutional investors and hedge funds own 72.78% of the company’s stock.
Shares of Archer Daniels Midland (NYSE:ADM) traded down 1.16% on Friday, reaching $42.66. 853,825 shares of the company’s stock traded hands. Archer Daniels Midland has a one year low of $29.86 and a one year high of $47.03. The firm has a market cap of $24.82 billion, a P/E ratio of 17.26 and a beta of 1.02. The company’s 50-day moving average price is $42.82 and its 200 day moving average price is $41.33.
Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, August 2nd. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.04. Archer Daniels Midland had a net margin of 2.35% and a return on equity of 6.88%. The company had revenue of $15.63 billion for the quarter, compared to the consensus estimate of $16.57 billion. During the same period in the prior year, the company earned $0.60 earnings per share. The firm’s revenue was down 9.1% on a year-over-year basis. On average, equities analysts forecast that Archer Daniels Midland will post $2.23 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Wednesday, August 17th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date was Monday, August 15th. Archer Daniels Midland’s dividend payout ratio is currently 48.58%.
About Archer Daniels Midland
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