Archer-Daniels-Midland (NYSE:ADM) Hits New 1-Year Low - Here's Why

Archer-Daniels-Midland Company (NYSE:ADM - Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as $47.13 and last traded at $47.80, with a volume of 4366153 shares. The stock had previously closed at $47.78.

Analyst Upgrades and Downgrades

ADM has been the subject of several recent analyst reports. Barclays decreased their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a research report on Monday, February 24th. BMO Capital Markets dropped their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Bank of America upgraded shares of Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and decreased their price target for the stock from $48.00 to $47.00 in a report on Tuesday, April 15th. Stephens cut their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Finally, Morgan Stanley decreased their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to MarketBeat, Archer-Daniels-Midland currently has an average rating of "Hold" and a consensus price target of $52.75.

Archer-Daniels-Midland Stock Up 0.5 %

The firm has a market cap of $22.94 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 1.54 and a beta of 0.66. The firm has a 50-day moving average of $46.88 and a two-hundred day moving average of $49.84. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.07. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. Archer-Daniels-Midland's revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.36 earnings per share. As a group, sell-side analysts predict that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.51 dividend. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.04 annualized dividend and a yield of 4.27%. Archer-Daniels-Midland's dividend payout ratio is 56.51%.

Institutional Trading of Archer-Daniels-Midland

Institutional investors and hedge funds have recently modified their holdings of the company. Fairway Wealth LLC acquired a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at $25,000. S.A. Mason LLC acquired a new position in Archer-Daniels-Midland in the first quarter worth about $25,000. Raleigh Capital Management Inc. lifted its stake in Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock worth $28,000 after purchasing an additional 357 shares during the period. Stonebridge Financial Group LLC bought a new stake in shares of Archer-Daniels-Midland in the 4th quarter valued at approximately $28,000. Finally, ST Germain D J Co. Inc. grew its position in Archer-Daniels-Midland by 724.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company's stock valued at $29,000 after acquiring an additional 500 shares during the period. 78.28% of the stock is currently 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.