Shares of Archer Daniels Midland Co (NYSE:ADM) have been given an average recommendation of “Hold” by the thirteen brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $42.22.
ADM has been the subject of a number of recent analyst reports. Robert W. Baird boosted their price target on shares of Archer Daniels Midland from $47.00 to $49.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Zacks Investment Research upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Monness Crespi & Hardt initiated coverage on shares of Archer Daniels Midland in a research report on Tuesday, October 24th. They set a “sell” rating and a $38.00 price target for the company. Stifel Nicolaus reduced their price target on shares of Archer Daniels Midland from $44.00 to $43.00 and set a “hold” rating for the company in a research report on Monday, January 22nd. Finally, BMO Capital Markets reduced their price target on shares of Archer Daniels Midland from $41.00 to $36.00 and set a “market perform” rating for the company in a research report on Wednesday, November 1st.
Large investors have recently made changes to their positions in the stock. Ffcm LLC grew its position in Archer Daniels Midland by 126.4% in the fourth quarter. Ffcm LLC now owns 2,551 shares of the company’s stock worth $102,000 after acquiring an additional 1,424 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Archer Daniels Midland by 188.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,554 shares of the company’s stock worth $102,000 after acquiring an additional 1,668 shares in the last quarter. Acropolis Investment Management LLC grew its position in Archer Daniels Midland by 1,923.9% in the fourth quarter. Acropolis Investment Management LLC now owns 3,218 shares of the company’s stock worth $129,000 after acquiring an additional 3,059 shares in the last quarter. Trustcore Financial Services LLC purchased a new position in Archer Daniels Midland in the fourth quarter worth $130,000. Finally, Sun Life Financial INC purchased a new position in Archer Daniels Midland in the third quarter worth $147,000. Institutional investors own 76.71% of the company’s stock.
Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Tuesday, February 6th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.12. The business had revenue of $16.07 billion for the quarter, compared to analysts’ expectations of $16.64 billion. Archer Daniels Midland had a net margin of 2.62% and a return on equity of 7.91%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 EPS. equities research analysts forecast that Archer Daniels Midland will post 2.76 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th will be given a $0.335 dividend. The ex-dividend date is Friday, February 16th. This is a positive change from Archer Daniels Midland’s previous quarterly dividend of $0.32. This represents a $1.34 annualized dividend and a yield of 3.25%. Archer Daniels Midland’s payout ratio is 45.71%.
About Archer Daniels Midland
Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. Its segments include Agricultural Services, which utilizes its United States grain elevator, global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry; Corn Processing, which is engaged in corn wet milling and dry milling activities; Oilseeds Processing, which includes global activities related to the origination, merchandising, crushing and further processing of oilseeds; Wild Flavors and Specialty Ingredients products, which include flavors, sweeteners and health ingredients; Other, and Corporate.
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