Analysts Set Archer-Daniels-Midland Company (NYSE:ADM) PT at $62.83

Archer-Daniels-Midland Company (NYSE:ADM) has received a consensus rating of “Reduce” from the fourteen brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $62.83.

A number of research firms have commented on ADM. JPMorgan Chase & Co. raised their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. UBS Group increased their target price on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Finally, Morgan Stanley lowered their price target on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th.

Archer-Daniels-Midland Stock Performance

Shares of NYSE ADM opened at $53.72 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. Archer-Daniels-Midland has a 1 year low of $48.92 and a 1 year high of $77.35. The firm has a fifty day moving average price of $56.31 and a 200-day moving average price of $59.38. The stock has a market cap of $25.71 billion, a PE ratio of 15.35 and a beta of 0.73.

Archer-Daniels-Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 57.14%.

Insider Buying and Selling

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the company’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 transaction of $10,298,438.94. Following the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,047,857.10. This represents a 39.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Archer-Daniels-Midland

Institutional investors and hedge funds have recently modified their holdings of the stock. Harbor Capital Advisors Inc. purchased a new stake in Archer-Daniels-Midland during the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new position in Archer-Daniels-Midland during the third quarter valued at $26,000. Riverview Trust Co purchased a new stake in shares of Archer-Daniels-Midland in the second quarter valued at $27,000. Altshuler Shaham Ltd bought a new stake in shares of Archer-Daniels-Midland in the 2nd quarter worth about $28,000. Finally, Peterson Financial Group Inc. purchased a new position in shares of Archer-Daniels-Midland during the 3rd quarter worth about $28,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

About Archer-Daniels-Midland

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.