Archer-Daniels-Midland Company (NYSE:ADM) Given Average Rating of “Hold” by Analysts

Archer-Daniels-Midland Company (NYSE:ADMGet Rating) has been given a consensus recommendation of “Hold” by the fourteen analysts that are covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $85.25.

Several research analysts have recently weighed in on ADM shares. Zacks Investment Research lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and set a $98.00 price objective on the stock. in a report on Tuesday, March 29th. Robert W. Baird raised their price target on shares of Archer-Daniels-Midland from $73.00 to $108.00 in a report on Wednesday, April 27th. The Goldman Sachs Group raised their price target on shares of Archer-Daniels-Midland from $79.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, March 16th. Barclays raised their price target on shares of Archer-Daniels-Midland from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, April 22nd. Finally, Monness Crespi & Hardt lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a report on Monday, April 18th.

Archer-Daniels-Midland stock opened at $89.52 on Wednesday. Archer-Daniels-Midland has a 12-month low of $56.91 and a 12-month high of $98.88. The stock has a market capitalization of $50.37 billion, a P/E ratio of 16.49, a P/E/G ratio of 2.18 and a beta of 0.75. The firm’s 50-day moving average is $90.25 and its two-hundred day moving average is $79.31. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 0.81.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.55. Archer-Daniels-Midland had a net margin of 3.42% and a return on equity of 14.40%. The company had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $20.61 billion. During the same period last year, the company earned $1.39 EPS. The firm’s revenue for the quarter was up 25.2% compared to the same quarter last year. As a group, analysts forecast that Archer-Daniels-Midland will post 6.32 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 8th. Stockholders of record on Wednesday, May 18th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Tuesday, May 17th. Archer-Daniels-Midland’s payout ratio is currently 29.47%.

In other news, SVP Gregory A. Morris sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 18th. The shares were sold at an average price of $83.37, for a total transaction of $1,667,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Paragon Capital Management Ltd boosted its holdings in Archer-Daniels-Midland by 2.8% in the first quarter. Paragon Capital Management Ltd now owns 3,915 shares of the company’s stock worth $353,000 after purchasing an additional 108 shares during the period. CVA Family Office LLC lifted its stake in Archer-Daniels-Midland by 42.6% in the first quarter. CVA Family Office LLC now owns 385 shares of the company’s stock valued at $35,000 after buying an additional 115 shares during the last quarter. B. Riley Wealth Management Inc. lifted its stake in Archer-Daniels-Midland by 2.5% in the first quarter. B. Riley Wealth Management Inc. now owns 5,126 shares of the company’s stock valued at $463,000 after buying an additional 123 shares during the last quarter. Checchi Capital Advisers LLC lifted its stake in Archer-Daniels-Midland by 1.8% in the first quarter. Checchi Capital Advisers LLC now owns 7,137 shares of the company’s stock valued at $644,000 after buying an additional 125 shares during the last quarter. Finally, AdvisorNet Financial Inc lifted its stake in Archer-Daniels-Midland by 6.6% in the first quarter. AdvisorNet Financial Inc now owns 2,131 shares of the company’s stock valued at $192,000 after buying an additional 132 shares during the last quarter. 75.38% of the stock is owned by hedge funds and other institutional investors.

About Archer-Daniels-Midland (Get Rating)

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, Cayman Islands, Brazil, Mexico, the United Kingdom, and internationally. The company operates through three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

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