Archer Daniels Midland (NYSE:ADM) Stock Gets Price Target Reduction from Stephens

Archer Daniels Midland (NYSE:ADM) had its price objective trimmed by Stephens from $85.00 to $75.00 in a report published on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other equities analysts have also recently weighed in on ADM. Morgan Stanley raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $60.00 to $79.00 in a report on Wednesday, August 5th. Weiss Ratings lowered Archer Daniels Midland from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 28th. William Blair assumed coverage on Archer Daniels Midland in a report on Tuesday, September 15th. They set a “buy” rating on the stock. Jefferies Financial Group raised their price target on Archer Daniels Midland from $88.00 to $89.00 in a research report on Monday, October 19th. Finally, Wall Street Zen raised Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 31st. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $80.25.

Archer Daniels Midland Stock Performance

NYSE:ADM traded down $0.42 during mid-day trading on Wednesday, reaching $70.05. 3,512,354 shares of the company’s stock were exchanged, compared to its average volume of 2,715,896. Archer Daniels Midland has a one year low of $55.58 and a one year high of $88.75. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.39. The business’s fifty day simple moving average is $81.09 and its two-hundred day simple moving average is $76.55. The firm has a market capitalization of $33.76 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 2.29 and a beta of 0.63.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.17. The firm had revenue of $22.34 billion during the quarter, compared to the consensus estimate of $23.27 billion. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 EPS. Analysts anticipate that Archer Daniels Midland will post 5.72 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Wednesday, November 18th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, November 18th. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 40.55%.

Hedge Funds Weigh In On Archer Daniels Midland

Institutional investors have recently modified their holdings of the business. Kelleher Financial Advisors acquired a new stake in Archer Daniels Midland in the second quarter valued at about $25,000. Triumph Capital Management raised its stake in Archer Daniels Midland by 62.2% during the third quarter. Triumph Capital Management now owns 313 shares of the company’s stock worth $25,000 after acquiring an additional 120 shares in the last quarter. William Mack & Associates Inc. bought a new position in shares of Archer Daniels Midland in the third quarter worth about $25,000. Orion Capital Management LLC acquired a new stake in shares of Archer Daniels Midland in the 2nd quarter valued at approximately $27,000. Finally, Latitude Advisors LLC acquired a new stake in shares of Archer Daniels Midland in the 3rd quarter valued at approximately $28,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

About Archer Daniels Midland

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural supply chain and food ingredient company. It sources, transports, stores and processes crops, connecting farmers with food, feed, fuel and industrial markets.

ADM processes commodities such as corn, oilseeds and wheat into products including vegetable oils, protein meals, flour, starches, sweeteners and other food ingredients. Its businesses also supply ingredients and solutions for human and animal nutrition, as well as products used in biofuels and other industrial applications.

Founded in 1902, the company has grown from a linseed-processing business into an international enterprise serving customers across a wide range of markets and geographies.