Archer-Daniels-Midland Company (NYSE:ADM) Receives $52.00 Average PT from Brokerages

Shares of Archer-Daniels-Midland Company (NYSE:ADM - Get Free Report) have been given an average rating of "Reduce" by the eight analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $52.00.

ADM has been the topic of a number of recent analyst reports. Barclays reduced their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research report on Monday, February 24th. UBS Group upgraded shares of Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and upped their target price for the company from $55.00 to $60.00 in a research report on Monday, May 19th. Citigroup lowered their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Finally, Bank of America lowered shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and reduced their target price for the stock from $47.00 to $45.00 in a research note on Thursday, May 8th.

Archer-Daniels-Midland Stock Up 2.0%

Archer-Daniels-Midland stock traded up $0.98 during mid-day trading on Thursday, hitting $49.65. The company's stock had a trading volume of 3,330,007 shares, compared to its average volume of 3,514,424. The firm's 50 day moving average is $47.56 and its 200 day moving average is $48.74. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. Archer-Daniels-Midland has a 52-week low of $40.98 and a 52-week high of $66.08. The company has a market cap of $23.85 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.01. The business had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm's revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.46 earnings per share. On average, analysts anticipate that Archer-Daniels-Midland will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were given a dividend of $0.51 per share. The ex-dividend date was Wednesday, May 21st. This represents a $2.04 annualized dividend and a yield of 4.11%. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 72.86%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. AustralianSuper Pty Ltd lifted its stake in Archer-Daniels-Midland by 26.4% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company's stock worth $87,409,000 after purchasing an additional 360,844 shares during the last quarter. Amundi boosted its holdings in Archer-Daniels-Midland by 56.7% in the fourth quarter. Amundi now owns 2,473,393 shares of the company's stock worth $123,340,000 after acquiring an additional 894,562 shares in the last quarter. Hickory Point Bank & Trust bought a new position in shares of Archer-Daniels-Midland in the fourth quarter valued at $1,217,000. Semanteon Capital Management LP bought a new stake in Archer-Daniels-Midland during the 4th quarter worth approximately $614,000. Finally, Aigen Investment Management LP lifted its position in shares of Archer-Daniels-Midland by 127.7% during the fourth quarter. Aigen Investment Management LP now owns 46,950 shares of the company's stock valued at $2,372,000 after purchasing an additional 26,329 shares in the last quarter. 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.