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

Archer-Daniels-Midland Company (NYSE:ADM) has received an average recommendation of “Reduce” from the fifteen ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $60.62.

Several analysts recently weighed in on ADM shares. BMO Capital Markets decreased their price target on Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating on the stock in a report on Wednesday, December 4th. Barclays reduced their target price on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating on the stock in a research note on Wednesday, December 4th. Citigroup upped their price target on shares of 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 decreased their price objective on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 12th. Finally, UBS Group upped their target price on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th.

Archer-Daniels-Midland Stock Down 0.2 %

Shares of NYSE:ADM opened at $50.41 on Thursday. The company has a 50-day moving average price of $53.79 and a 200 day moving average price of $58.26. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland has a 12 month low of $48.92 and a 12 month high of $74.02. The company has a market cap of $24.12 billion, a price-to-earnings ratio of 14.40 and a beta of 0.72.

Archer-Daniels-Midland Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend was Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is currently 57.14%.

Archer-Daniels-Midland announced that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. grew its stake in shares of Archer-Daniels-Midland by 7.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 73,983 shares of the company’s stock worth $4,400,000 after acquiring an additional 5,001 shares during the last quarter. Peapack Gladstone Financial Corp boosted its stake in Archer-Daniels-Midland by 3.6% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 16,354 shares of the company’s stock worth $977,000 after purchasing an additional 574 shares in the last quarter. Synovus Financial Corp grew its position in Archer-Daniels-Midland by 3.6% during the 3rd quarter. Synovus Financial Corp now owns 16,858 shares of the company’s stock worth $1,007,000 after purchasing an additional 582 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Archer-Daniels-Midland in the 3rd quarter valued at $425,000. Finally, World Investment Advisors LLC acquired a new stake in shares of Archer-Daniels-Midland during the third quarter worth about $1,204,000. 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.