Archer-Daniels-Midland Company (NYSE:ADM) Receives $60.62 Average Price Target from Brokerages

Shares of Archer-Daniels-Midland Company (NYSE:ADM) have been given a consensus recommendation of “Reduce” by the fifteen research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating and fourteen have issued a hold rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $60.62.

A number of equities research analysts recently issued reports on the company. Citigroup upped their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Morgan Stanley dropped their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. UBS Group upped their target price on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Stephens assumed coverage on shares of Archer-Daniels-Midland in a report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 price target for the company. Finally, BMO Capital Markets reduced their price objective on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating on the stock in a research note on Wednesday, December 4th.

Archer-Daniels-Midland Stock Performance

Shares of ADM opened at $50.63 on Thursday. The company has a 50-day moving average of $53.34 and a two-hundred day moving average of $58.06. The stock has a market cap of $24.23 billion, a P/E ratio of 14.47 and a beta of 0.72. Archer-Daniels-Midland has a 12-month low of $48.92 and a 12-month high of $74.02. 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 announced that its board has authorized a share buyback plan on Wednesday, December 11th that permits the company to buyback 100,000,000 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Archer-Daniels-Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were given a dividend of $0.50 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.95%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 57.14%.

Hedge Funds Weigh In On Archer-Daniels-Midland

A number of institutional investors have recently added to or reduced their stakes in the company. Empower Advisory Group LLC increased its position in shares of Archer-Daniels-Midland by 6.4% during the third quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company’s stock worth $68,011,000 after acquiring an additional 68,133 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Archer-Daniels-Midland by 6.4% during the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock worth $483,084,000 after purchasing an additional 489,554 shares during the last quarter. Marathon Asset Management Ltd raised its position in shares of Archer-Daniels-Midland by 4.5% in the 3rd quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company’s stock valued at $18,110,000 after purchasing an additional 13,177 shares in the last quarter. CFS Investment Advisory Services LLC purchased a new position in shares of Archer-Daniels-Midland during the 3rd quarter valued at approximately $1,526,000. Finally, Bank of Montreal Can grew its position in shares of Archer-Daniels-Midland by 8.6% during the third quarter. Bank of Montreal Can now owns 559,660 shares of the company’s stock worth $33,580,000 after buying an additional 44,241 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

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.