Archer Daniels Midland Co (NYSE:ADM) Given Average Recommendation of “Hold” by Analysts

Archer Daniels Midland Co (NYSE:ADM) has received a consensus recommendation of “Hold” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $50.50.

Several research analysts have recently issued reports on ADM shares. Zacks Investment Research cut shares of Archer Daniels Midland from a “hold” rating to a “sell” rating in a report on Friday, March 29th. ValuEngine cut shares of Archer Daniels Midland from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. BMO Capital Markets upgraded shares of Archer Daniels Midland from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $50.00 to $51.00 in a report on Monday, April 29th. Robert W. Baird reiterated an “outperform” rating and issued a $48.00 price target (down previously from $54.00) on shares of Archer Daniels Midland in a report on Monday, April 29th. Finally, Stifel Nicolaus lifted their price target on shares of Archer Daniels Midland from $53.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, April 30th.

In other Archer Daniels Midland news, CFO Ray G. Young bought 6,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were purchased at an average price of $42.76 per share, for a total transaction of $256,560.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Juan R. Luciano bought 23,657 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were acquired at an average price of $42.30 per share, for a total transaction of $1,000,691.10. Following the acquisition, the chief executive officer now owns 569,152 shares in the company, valued at approximately $24,075,129.60. The disclosure for this purchase can be found here. Insiders own 1.11% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Archer Daniels Midland by 6.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,049,549 shares of the company’s stock valued at $43,000,000 after buying an additional 62,319 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Archer Daniels Midland by 1.1% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 154,949 shares of the company’s stock valued at $6,683,000 after buying an additional 1,648 shares in the last quarter. Homrich & Berg boosted its holdings in shares of Archer Daniels Midland by 20.3% during the 1st quarter. Homrich & Berg now owns 24,216 shares of the company’s stock valued at $1,044,000 after buying an additional 4,083 shares in the last quarter. Norges Bank bought a new stake in shares of Archer Daniels Midland during the 4th quarter valued at $225,928,000. Finally, Todd Asset Management LLC bought a new stake in shares of Archer Daniels Midland during the 1st quarter valued at $14,202,000. Hedge funds and other institutional investors own 75.96% of the company’s stock.

Shares of Archer Daniels Midland stock opened at $40.80 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.52 and a quick ratio of 0.85. Archer Daniels Midland has a 52-week low of $37.77 and a 52-week high of $52.06. The company has a market capitalization of $22.85 billion, a PE ratio of 11.66 and a beta of 1.02. The business has a 50 day moving average price of $40.23.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Friday, April 26th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.16). Archer Daniels Midland had a return on equity of 9.83% and a net margin of 2.57%. The firm had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $16.19 billion. During the same quarter in the prior year, the business posted $0.68 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. Analysts forecast that Archer Daniels Midland will post 3.16 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend was Tuesday, May 14th. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 40.00%.

About Archer Daniels Midland

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.

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Analyst Recommendations for Archer Daniels Midland (NYSE:ADM)

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