Barclays Cuts Archer-Daniels-Midland (NYSE:ADM) Price Target to $56.00

Archer-Daniels-Midland (NYSE:ADM) had its price target lowered by Barclays from $60.00 to $56.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has an underweight rating on the stock.

ADM has been the topic of a number of other reports. Morgan Stanley dropped their price objective on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. UBS Group increased their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. One research analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $61.08.

Archer-Daniels-Midland Trading Down 2.6 %

Shares of NYSE:ADM opened at $51.77 on Wednesday. Archer-Daniels-Midland has a 52 week low of $48.92 and a 52 week high of $77.35. The company’s 50 day moving average is $55.48 and its two-hundred day moving average is $59.07. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. The company has a market cap of $24.77 billion, a PE ratio of 14.79 and a beta of 0.72.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is currently 57.14%.

Institutional Trading of Archer-Daniels-Midland

A number of large investors have recently bought and sold shares of ADM. Focused Wealth Management Inc raised its position in Archer-Daniels-Midland by 3.3% during the 2nd quarter. Focused Wealth Management Inc now owns 5,338 shares of the company’s stock worth $323,000 after buying an additional 169 shares during the last quarter. Accordant Advisory Group Inc raised its position in Archer-Daniels-Midland by 0.8% during the 2nd quarter. Accordant Advisory Group Inc now owns 23,462 shares of the company’s stock worth $1,418,000 after buying an additional 176 shares during the last quarter. Legacy Capital Group California Inc. raised its position in Archer-Daniels-Midland by 1.2% during the 2nd quarter. Legacy Capital Group California Inc. now owns 15,327 shares of the company’s stock worth $927,000 after buying an additional 181 shares during the last quarter. Lake Street Advisors Group LLC raised its position in Archer-Daniels-Midland by 4.8% during the 3rd quarter. Lake Street Advisors Group LLC now owns 4,015 shares of the company’s stock worth $240,000 after buying an additional 183 shares during the last quarter. Finally, OLD National Bancorp IN raised its position in Archer-Daniels-Midland by 0.9% during the 3rd quarter. OLD National Bancorp IN now owns 20,648 shares of the company’s stock worth $1,234,000 after buying an additional 189 shares during the last quarter. Institutional investors and hedge funds 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.