Archer-Daniels-Midland (NYSE:ADM) Cut to Buy at StockNews.com

StockNews.com lowered shares of Archer-Daniels-Midland (NYSE:ADMGet Rating) from a strong-buy rating to a buy rating in a research report report published on Friday morning.

Several other brokerages also recently weighed in on ADM. Argus increased their price target on Archer-Daniels-Midland from $72.00 to $74.00 in a report on Monday, January 3rd. JPMorgan Chase & Co. initiated coverage on Archer-Daniels-Midland in a report on Wednesday, January 12th. They issued a hold rating and a $74.00 target price for the company. Stifel Nicolaus raised their target price on Archer-Daniels-Midland from $80.00 to $100.00 in a report on Wednesday, April 6th. The Goldman Sachs Group raised their target price on Archer-Daniels-Midland from $79.00 to $91.00 and gave the company a buy rating in a report on Wednesday, March 16th. Finally, Morgan Stanley raised their target price on Archer-Daniels-Midland from $67.00 to $69.00 and gave the company an equal weight rating in a report on Tuesday, January 11th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average price target of $74.71.

Shares of NYSE ADM opened at $96.46 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.45 and a quick ratio of 0.79. The stock has a fifty day moving average price of $85.01 and a 200 day moving average price of $73.21. Archer-Daniels-Midland has a 1-year low of $56.91 and a 1-year high of $97.70. The company has a market cap of $54.26 billion, a PE ratio of 20.14, a P/E/G ratio of 10.53 and a beta of 0.79.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last issued its quarterly earnings results on Tuesday, January 25th. The company reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.14. Archer-Daniels-Midland had a return on equity of 13.50% and a net margin of 3.18%. The firm had revenue of $23.09 billion during the quarter, compared to the consensus estimate of $20.21 billion. During the same period last year, the company earned $1.21 earnings per share. The company’s revenue for the quarter was up 28.4% on a year-over-year basis. Analysts anticipate that Archer-Daniels-Midland will post 5.2 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 1st. Stockholders of record on Tuesday, February 8th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Monday, February 7th. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.37. Archer-Daniels-Midland’s payout ratio is 33.40%.

In related news, SVP Christopher M. Cuddy sold 40,101 shares of Archer-Daniels-Midland stock in a transaction dated Wednesday, February 9th. The stock was sold at an average price of $77.49, for a total transaction of $3,107,426.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Gregory A. Morris sold 20,000 shares of Archer-Daniels-Midland stock in a transaction dated Friday, March 18th. The stock was sold at an average price of $83.37, for a total value of $1,667,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 576,726 shares of company stock valued at $43,834,804 in the last ninety days. Corporate insiders own 1.20% of the company’s stock.

A number of institutional investors have recently bought and sold shares of ADM. Naples Global Advisors LLC purchased a new stake in Archer-Daniels-Midland in the 3rd quarter valued at about $285,000. WINTON GROUP Ltd grew its holdings in Archer-Daniels-Midland by 20.6% in the 3rd quarter. WINTON GROUP Ltd now owns 6,912 shares of the company’s stock valued at $415,000 after buying an additional 1,179 shares during the period. Community Bank N.A. purchased a new stake in Archer-Daniels-Midland in the 3rd quarter valued at about $54,000. Dynamic Advisor Solutions LLC grew its holdings in Archer-Daniels-Midland by 5.2% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 7,569 shares of the company’s stock valued at $454,000 after buying an additional 375 shares during the period. Finally, Signaturefd LLC grew its holdings in Archer-Daniels-Midland by 1.2% in the 3rd quarter. Signaturefd LLC now owns 16,734 shares of the company’s stock valued at $1,004,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 75.59% of the company’s stock.

About Archer-Daniels-Midland (Get Rating)

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, Cayman Islands, Brazil, Mexico, the United Kingdom, and internationally. The company operates through three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

Further Reading

Analyst Recommendations for Archer-Daniels-Midland (NYSE:ADM)

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