Archer-Daniels-Midland Company (ADM) To Go Ex-Dividend on February 18th

Archer-Daniels-Midland Company (NYSE:ADM) declared a quarterly dividend on Tuesday, February 4th,RTT News reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.51 per share on Tuesday, March 11th. This represents a $2.04 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Tuesday, February 18th. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50.

Archer-Daniels-Midland has raised its dividend payment by an average of 10.6% annually over the last three years and has raised its dividend annually for the last 23 consecutive years. Archer-Daniels-Midland has a payout ratio of 40.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Archer-Daniels-Midland to earn $4.60 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 43.5%.

Archer-Daniels-Midland Trading Down 2.2 %

Archer-Daniels-Midland stock opened at $46.44 on Thursday. The firm has a 50 day simple moving average of $51.24 and a 200-day simple moving average of $55.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. The stock has a market capitalization of $22.22 billion, a PE ratio of 13.27 and a beta of 0.72. Archer-Daniels-Midland has a 12-month low of $45.14 and a 12-month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.07. The business had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.07% and a return on equity of 10.96%. The business’s revenue was down 6.4% on a year-over-year basis. During the same period last year, the firm posted $1.36 earnings per share. As a group, equities research analysts expect that Archer-Daniels-Midland will post 4.72 EPS for the current fiscal year.

Analyst Ratings Changes

ADM has been the subject of a number of research reports. Bank of America cut shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $63.00 to $54.00 in a report on Tuesday, January 14th. BMO Capital Markets reduced their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research report on Wednesday. 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 research report on Wednesday, December 4th. Morgan Stanley reduced their price target on shares of 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. Finally, Stephens reduced their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $56.33.

Archer-Daniels-Midland announced that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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.