Archer-Daniels-Midland Company (NYSE:ADM) Given Average Recommendation of “Reduce” by Brokerages

Shares of Archer-Daniels-Midland Company (NYSE:ADM) have earned an average recommendation of “Reduce” from the thirteen ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and twelve have issued a hold rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $63.82.

Several equities analysts have recently commented on ADM shares. JPMorgan Chase & Co. boosted their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Citigroup lowered their price objective on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. Finally, UBS Group lifted their price target 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 Performance

NYSE:ADM opened at $51.99 on Wednesday. The company has a market cap of $24.86 billion, a price-to-earnings ratio of 10.44 and a beta of 0.73. Archer-Daniels-Midland has a fifty-two week low of $48.92 and a fifty-two week high of $77.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. The stock has a fifty day moving average price of $58.56 and a 200-day moving average price of $60.24.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 45,471 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Juan R. Luciano sold 170,194 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,047,857.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Juan R. Luciano sold 45,471 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $61.00, for a total value of $2,773,731.00. Following the completion of the sale, the chief executive officer now owns 265,210 shares in the company, valued at $16,177,810. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 219,348 shares of company stock worth $13,296,833. 1.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Archer-Daniels-Midland

A number of hedge funds and other institutional investors have recently made changes to their positions in ADM. Marathon Asset Management Ltd raised its holdings in Archer-Daniels-Midland by 4.5% during the 3rd quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company’s stock worth $18,110,000 after purchasing an additional 13,177 shares during the last quarter. Heritage Wealth Management Inc. bought a new position in Archer-Daniels-Midland during the second quarter worth $974,000. Vest Financial LLC boosted its position in Archer-Daniels-Midland by 8.9% during the third quarter. Vest Financial LLC now owns 782,428 shares of the company’s stock valued at $46,742,000 after acquiring an additional 63,716 shares during the last quarter. nVerses Capital LLC acquired a new stake in Archer-Daniels-Midland during the 3rd quarter worth about $1,081,000. Finally, CWM LLC raised its position in shares of Archer-Daniels-Midland by 52.2% in the 2nd quarter. CWM LLC now owns 25,151 shares of the company’s stock worth $1,520,000 after acquiring an additional 8,628 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

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.