BMO Capital Markets Issues Pessimistic Forecast for Archer-Daniels-Midland (NYSE:ADM) Stock Price

Archer-Daniels-Midland (NYSE:ADM) had its price objective lowered by BMO Capital Markets from $55.00 to $51.00 in a research note released on Wednesday,Benzinga reports. The firm currently has a market perform rating on the stock.

ADM has been the topic of several other reports. UBS Group increased their price target 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. Barclays dropped their price target on Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating for the company in a report on Wednesday. Finally, Morgan Stanley decreased their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $61.08.

Archer-Daniels-Midland Price Performance

NYSE:ADM opened at $51.42 on Wednesday. The company has a market cap of $24.61 billion, a P/E ratio of 14.69 and a beta of 0.72. The firm’s fifty day moving average price is $55.34 and its two-hundred day moving average price is $59.03. Archer-Daniels-Midland has a one year low of $48.92 and a one year high of $77.35. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 3.89%. Archer-Daniels-Midland’s dividend payout ratio is currently 57.14%.

Institutional Investors Weigh In On Archer-Daniels-Midland

A number of large investors have recently modified their holdings of ADM. Pacer Advisors Inc. boosted its position in Archer-Daniels-Midland by 15,790.1% in the second quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company’s stock valued at $459,232,000 after buying an additional 7,549,083 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Archer-Daniels-Midland by 41.5% in the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock valued at $1,160,755,000 after acquiring an additional 5,702,451 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Archer-Daniels-Midland by 73.6% during the 2nd quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company’s stock valued at $170,960,000 after acquiring an additional 1,199,992 shares in the last quarter. State Street Corp grew its position in Archer-Daniels-Midland by 3.3% during the 3rd quarter. State Street Corp now owns 32,045,672 shares of the company’s stock worth $1,914,408,000 after acquiring an additional 1,018,256 shares during the last quarter. Finally, FMR LLC increased its holdings in Archer-Daniels-Midland by 33.9% in the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company’s stock worth $237,757,000 after purchasing an additional 1,007,494 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Company Profile

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.