Archer-Daniels-Midland Company (NYSE:ADM) Receives $60.62 Average PT from Analysts

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

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

Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $50.49 on Thursday. The company has a market capitalization of $24.16 billion, a price-to-earnings ratio of 14.43 and a beta of 0.72. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland has a twelve month low of $48.92 and a twelve month high of $74.02. The stock has a fifty day simple moving average of $53.79 and a 200 day simple moving average of $58.28.

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

Archer-Daniels-Midland Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend was Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is currently 57.14%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ADM. Empower Advisory Group LLC boosted its stake in Archer-Daniels-Midland by 6.4% during the 3rd quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company’s stock valued at $68,011,000 after purchasing an additional 68,133 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Archer-Daniels-Midland by 6.4% during the third quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock worth $483,084,000 after buying an additional 489,554 shares in the last quarter. Marathon Asset Management Ltd raised its position in 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 buying an additional 13,177 shares during the last quarter. CFS Investment Advisory Services LLC bought a new position in Archer-Daniels-Midland during the 3rd quarter valued at $1,526,000. Finally, Bank of Montreal Can boosted its holdings in Archer-Daniels-Midland by 8.6% during the 3rd quarter. Bank of Montreal Can now owns 559,660 shares of the company’s stock worth $33,580,000 after acquiring an additional 44,241 shares during the last quarter. 78.28% of the stock is owned by institutional investors.

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.