Brokerages Set Archer-Daniels-Midland Company (NYSE:ADM) PT at $65.62

Archer-Daniels-Midland Company (NYSE:ADM) has received an average recommendation of “Reduce” from the fifteen brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and fourteen have issued a hold recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $65.62.

A number of research analysts recently issued reports on the company. UBS Group boosted their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday. JPMorgan Chase & Co. increased their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Citigroup lowered their target price on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th.

Insider Transactions at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 3,683 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total value of $224,663.00. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the completion of the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The disclosure for this sale can be found here. Insiders have sold 219,348 shares of company stock valued at $13,296,833 in the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Archer-Daniels-Midland

A number of institutional investors have recently bought and sold shares of the stock. Cherry Tree Wealth Management LLC purchased a new stake in shares of Archer-Daniels-Midland in the first quarter valued at $27,000. Riverview Trust Co purchased a new stake in Archer-Daniels-Midland in the 2nd quarter worth about $27,000. Altshuler Shaham Ltd bought a new stake in Archer-Daniels-Midland in the second quarter worth about $28,000. Crewe Advisors LLC purchased a new position in shares of Archer-Daniels-Midland during the first quarter valued at approximately $30,000. Finally, Rise Advisors LLC bought a new position in shares of Archer-Daniels-Midland during the first quarter valued at approximately $34,000. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Stock Up 1.0 %

Shares of ADM stock opened at $59.61 on Tuesday. The company has a 50 day simple moving average of $61.05 and a two-hundred day simple moving average of $60.60. The stock has a market cap of $29.47 billion, a P/E ratio of 10.46 and a beta of 0.72. Archer-Daniels-Midland has a 12 month low of $50.72 and a 12 month high of $80.96. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.19). Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The company had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.12 billion. During the same period in the prior year, the business posted $1.89 earnings per share. Archer-Daniels-Midland’s revenue for the quarter was down 11.7% compared to the same quarter last year. On average, research analysts expect that Archer-Daniels-Midland will post 5.33 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.36%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 35.09%.

Archer-Daniels-Midland Company Profile

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.