Archer-Daniels-Midland (NYSE:ADM) Price Target Increased to $64.00 by Analysts at UBS Group

Archer-Daniels-Midland (NYSE:ADM) had its target price raised by UBS Group from $60.00 to $64.00 in a research note issued to investors on Monday, Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms have also issued reports on ADM. Citigroup decreased their price target 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. JPMorgan Chase & Co. lifted their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a neutral rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $65.62.

Archer-Daniels-Midland Stock Up 1.0 %

Shares of ADM stock opened at $59.61 on Monday. Archer-Daniels-Midland has a 1 year low of $50.72 and a 1 year high of $80.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. The business’s fifty day moving average is $61.05 and its 200-day moving average is $60.60. The stock has a market cap of $29.47 billion, a PE ratio of 10.46 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results 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 return on equity of 12.06% and a net margin of 2.93%. The firm had revenue of $22.25 billion for the quarter, compared to analyst estimates of $23.12 billion. During the same period in the previous year, the firm earned $1.89 earnings per share. Archer-Daniels-Midland’s revenue was down 11.7% on a year-over-year basis. Equities analysts expect that Archer-Daniels-Midland will post 5.33 earnings per share for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.

Insider Activity at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 170,194 shares of the business’s stock in a transaction that occurred on 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 owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. The sale was disclosed in a document filed with the SEC, which is available at this link. In other 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 transaction of $10,298,438.94. Following the transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,047,857.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland 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 completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 219,348 shares of company stock valued at $13,296,833. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ADM. Cherry Tree Wealth Management LLC acquired a new position in Archer-Daniels-Midland during the first quarter valued at approximately $27,000. Riverview Trust Co acquired a new position in Archer-Daniels-Midland in the 2nd quarter valued at $27,000. Altshuler Shaham Ltd bought a new position in Archer-Daniels-Midland in the 2nd quarter worth $28,000. Crewe Advisors LLC acquired a new position in Archer-Daniels-Midland during the 1st quarter worth $30,000. Finally, Rise Advisors LLC bought a new stake in Archer-Daniels-Midland during the first quarter valued at about $34,000. 78.28% of the stock is owned by institutional investors.

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.