Shares of Archer Daniels Midland Co (NYSE:ADM) have received an average rating of “Buy” from the sixteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $49.42.
Several equities analysts have recently commented on ADM shares. Argus raised Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Thursday, November 8th. Cleveland Research reaffirmed a “hold” rating on shares of Archer Daniels Midland in a research note on Monday, October 1st. Finally, Zacks Investment Research lowered Archer Daniels Midland from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd.
In other news, CFO Ray G. Young bought 2,100 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were purchased at an average price of $47.35 per share, with a total value of $99,435.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.94% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of ADM. Janus Henderson Group PLC increased its holdings in Archer Daniels Midland by 35.7% during the 2nd quarter. Janus Henderson Group PLC now owns 225,996 shares of the company’s stock worth $10,358,000 after purchasing an additional 59,447 shares during the period. FMR LLC increased its holdings in Archer Daniels Midland by 252.0% during the 2nd quarter. FMR LLC now owns 1,126,191 shares of the company’s stock worth $51,613,000 after purchasing an additional 806,287 shares during the period. Envestnet Asset Management Inc. increased its holdings in Archer Daniels Midland by 1.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 75,246 shares of the company’s stock worth $3,450,000 after purchasing an additional 1,119 shares during the period. Korea Investment CORP increased its holdings in Archer Daniels Midland by 94.3% during the 2nd quarter. Korea Investment CORP now owns 284,460 shares of the company’s stock worth $13,037,000 after purchasing an additional 138,076 shares during the period. Finally, Captrust Financial Advisors increased its holdings in Archer Daniels Midland by 23.6% during the 2nd quarter. Captrust Financial Advisors now owns 10,358 shares of the company’s stock worth $475,000 after purchasing an additional 1,978 shares during the period. 75.50% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Archer Daniels Midland stock traded down $0.21 during trading hours on Friday, hitting $43.16. The company’s stock had a trading volume of 2,513,626 shares, compared to its average volume of 3,366,438. Archer Daniels Midland has a twelve month low of $39.16 and a twelve month high of $52.06. The firm has a market cap of $24.15 billion, a PE ratio of 17.76 and a beta of 0.99. The company has a quick ratio of 0.94, a current ratio of 1.67 and a debt-to-equity ratio of 0.35.
Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, November 6th. The company reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.09. Archer Daniels Midland had a return on equity of 10.45% and a net margin of 3.54%. The business had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.72 billion. During the same quarter in the prior year, the company posted $0.45 EPS. The company’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, equities analysts expect that Archer Daniels Midland will post 3.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 14th. Investors of record on Friday, November 23rd were paid a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 3.10%. The ex-dividend date was Wednesday, November 21st. Archer Daniels Midland’s payout ratio is 55.14%.
Archer Daniels Midland Company Profile
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.
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