Archer-Daniels-Midland (NYSE:ADM) Price Target Lowered to $52.00 at Morgan Stanley

Archer-Daniels-Midland (NYSE:ADM) had its price target reduced by Morgan Stanley from $57.00 to $52.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

ADM has been the subject of a number of other research reports. Citigroup lowered their price objective on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. JPMorgan Chase & Co. lifted their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, UBS Group increased their target price on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $62.83.

Archer-Daniels-Midland Stock Down 1.8 %

Shares of NYSE:ADM opened at $51.44 on Tuesday. The business has a 50-day moving average price of $57.89 and a 200 day moving average price of $59.98. Archer-Daniels-Midland has a 12-month low of $48.92 and a 12-month high of $77.35. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $24.60 billion, a price-to-earnings ratio of 10.33 and a beta of 0.73.

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.50 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 3.89%. Archer-Daniels-Midland’s dividend payout ratio is currently 40.16%.

Insiders Place Their Bets

In related news, CEO Juan R. Luciano sold 170,194 shares of the 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 transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,047,857.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the firm’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 transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,047,857.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 219,348 shares of company stock valued at $13,296,833. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Archer-Daniels-Midland

Institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its holdings in shares of Archer-Daniels-Midland by 15,790.1% in the second quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company’s stock valued at $459,232,000 after purchasing an additional 7,549,083 shares during the period. Vanguard Group Inc. increased its stake in Archer-Daniels-Midland by 12.1% in the 1st quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company’s stock valued at $4,260,165,000 after buying an additional 7,320,289 shares during the period. Jacobs Levy Equity Management Inc. raised its position in Archer-Daniels-Midland by 141.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,991,324 shares of the company’s stock worth $187,885,000 after buying an additional 1,753,077 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Archer-Daniels-Midland by 73.6% in the 2nd quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company’s stock worth $170,960,000 after acquiring an additional 1,199,992 shares during the period. Finally, AustralianSuper Pty Ltd boosted its holdings in shares of Archer-Daniels-Midland by 689.7% in the second quarter. AustralianSuper Pty Ltd now owns 1,008,242 shares of the company’s stock valued at $60,948,000 after acquiring an additional 880,564 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

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.