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

Key Points

• Archer Daniels Midland Company (NYSE:ADM) has received an average consensus rating of "Hold" from nine analysts, with one sell rating, seven hold ratings, and one buy rating.
• UBS Group recently upgraded its price target for ADM to $70.00, while JPMorgan Chase & Co. set a neutral rating with a price objective of $61.00.
• The company has a strong presence in the agricultural sector and recently announced a quarterly dividend with a yield of 3.3%, contributing to a payout ratio of approximately 89.87%.

Shares of Archer Daniels Midland Company (NYSE:ADM - Get Free Report) have been assigned a consensus rating of "Hold" from the nine ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $55.50.

Several research analysts recently issued reports on ADM shares. UBS Group reiterated a "buy" rating and issued a $70.00 target price (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. JPMorgan Chase & Co. began coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price objective for the company. Finally, Morgan Stanley raised their price objective on Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th.

Archer Daniels Midland Price Performance

Shares of NYSE:ADM opened at $61.96 on Wednesday. The company has a 50 day moving average of $61.01 and a 200 day moving average of $54.00. The stock has a market cap of $29.77 billion, a P/E ratio of 27.29, a P/E/G ratio of 3.40 and a beta of 0.70. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. Archer Daniels Midland has a 12 month low of $40.98 and a 12 month high of $64.38.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its earnings results on Monday, December 2nd. The company reported $1.63 EPS for the quarter. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The business had revenue of $21.70 billion during the quarter. As a group, sell-side analysts forecast that Archer Daniels Midland will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.51 per share. The ex-dividend date was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a yield of 3.3%. Archer Daniels Midland's payout ratio is presently 89.87%.

Hedge Funds Weigh In On Archer Daniels Midland

A number of hedge funds have recently added to or reduced their stakes in ADM. GAMMA Investing LLC raised its position in Archer Daniels Midland by 52.8% in the 1st quarter. GAMMA Investing LLC now owns 11,222 shares of the company's stock worth $539,000 after buying an additional 3,880 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Archer Daniels Midland in the first quarter worth $333,000. CX Institutional purchased a new stake in Archer Daniels Midland in the 1st quarter worth $61,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Archer Daniels Midland by 0.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 53,303 shares of the company's stock worth $2,559,000 after purchasing an additional 343 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in Archer Daniels Midland by 189.5% during the 1st quarter. Exchange Traded Concepts LLC now owns 26,401 shares of the company's stock valued at $1,268,000 after buying an additional 17,281 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other 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.

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