Archer-Daniels-Midland Company (NYSE:ADM) Receives $60.62 Consensus PT from Analysts

Archer-Daniels-Midland Company (NYSE:ADM) has been given a consensus rating of “Reduce” by the fifteen research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $59.08.

ADM has been the subject of a number of recent research reports. Stephens initiated coverage on shares of Archer-Daniels-Midland in a report on Wednesday, December 11th. They issued an “equal weight” rating and a $55.00 price objective for the company. Citigroup upped their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Morgan Stanley lowered their price target on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. Bank of America cut shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $63.00 to $54.00 in a research report on Tuesday. Finally, Barclays dropped their price target on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating for the company in a research note on Wednesday, December 4th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ADM. State Street Corp boosted 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 buying an additional 1,018,256 shares during the period. Wellington Management Group LLP boosted its holdings in Archer-Daniels-Midland by 41.5% in 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 purchasing an additional 5,702,451 shares during the period. Pacer Advisors Inc. grew its stake in Archer-Daniels-Midland by 6.4% during the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock worth $483,084,000 after purchasing an additional 489,554 shares in the last quarter. FMR LLC raised its position in Archer-Daniels-Midland by 33.9% in the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company’s stock valued at $237,757,000 after purchasing an additional 1,007,494 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Archer-Daniels-Midland by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,607,843 shares of the company’s stock valued at $215,533,000 after buying an additional 63,883 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

Archer-Daniels-Midland stock opened at $51.15 on Monday. The company has a fifty day simple moving average of $51.82 and a 200-day simple moving average of $57.02. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $24.48 billion, a price-to-earnings ratio of 14.61 and a beta of 0.72. Archer-Daniels-Midland has a 52-week low of $48.40 and a 52-week high of $69.85.

Archer-Daniels-Midland Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Thursday, November 21st. Archer-Daniels-Midland’s payout ratio is 57.14%.

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

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.