Archer-Daniels-Midland Company (NYSE:ADM) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Archer-Daniels-Midland Company (NYSE:ADM) have been assigned an average recommendation of “Reduce” from the fifteen ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and fourteen have issued a hold rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $65.62.

Several analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Citigroup reduced their price target 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 raised their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th.

Insider Activity

In other news, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Juan R. Luciano sold 170,194 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total value of $10,298,438.94. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,047,857.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Juan R. Luciano sold 45,471 shares of the company’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 transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The disclosure for this sale can be found here. Insiders sold a total of 219,348 shares of company stock valued at $13,296,833 in the last quarter. 1.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Verity & Verity LLC boosted its position in Archer-Daniels-Midland by 2.0% during the second quarter. Verity & Verity LLC now owns 150,504 shares of the company’s stock worth $9,098,000 after acquiring an additional 2,889 shares during the last quarter. Heritage Wealth Management Inc. acquired a new position in shares of Archer-Daniels-Midland during the 2nd quarter worth approximately $974,000. Sanctuary Advisors LLC purchased a new stake in shares of Archer-Daniels-Midland in the second quarter valued at approximately $4,328,000. EP Wealth Advisors LLC lifted its position in Archer-Daniels-Midland by 19.6% during the second quarter. EP Wealth Advisors LLC now owns 10,249 shares of the company’s stock worth $620,000 after buying an additional 1,683 shares in the last quarter. Finally, Kimelman & Baird LLC purchased a new stake in Archer-Daniels-Midland in the 2nd quarter valued at $249,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $60.41 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average of $60.97 and a 200 day moving average of $60.81. The firm has a market capitalization of $29.87 billion, a price-to-earnings ratio of 10.60 and a beta of 0.72. Archer-Daniels-Midland has a 52 week low of $50.72 and a 52 week high of $80.14.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.19). Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The company had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $23.12 billion. During the same period last year, the business earned $1.89 EPS. The firm’s quarterly revenue was down 11.7% on a year-over-year basis. As a group, research analysts expect that Archer-Daniels-Midland will post 5.33 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.31%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s payout ratio is 35.09%.

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.