Archer-Daniels-Midland Company (NYSE:ADM) Receives Average Rating of “Reduce” from Analysts

Archer-Daniels-Midland Company (NYSE:ADM) has been given a consensus rating of “Reduce” by the fourteen research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and thirteen have assigned a hold recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $62.83.

ADM has been the topic of several research analyst reports. Morgan Stanley decreased their price target on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. JPMorgan Chase & Co. upped their target price on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, UBS Group lifted their price target on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $61.00, for a total value of $2,773,731.00. Following the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. This trade represents a 14.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders have sold 219,348 shares of company stock worth $13,296,833. 1.20% of the stock is owned by company insiders.

Institutional Trading of Archer-Daniels-Midland

Large investors have recently added to or reduced their stakes in the business. Quent Capital LLC lifted its stake in shares of Archer-Daniels-Midland by 8.2% in the second quarter. Quent Capital LLC now owns 2,158 shares of the company’s stock valued at $130,000 after buying an additional 164 shares during the period. Focused Wealth Management Inc boosted its position in shares of Archer-Daniels-Midland by 3.3% during the second quarter. Focused Wealth Management Inc now owns 5,338 shares of the company’s stock worth $323,000 after purchasing an additional 169 shares in the last quarter. Accordant Advisory Group Inc grew its position in shares of Archer-Daniels-Midland by 0.8% in the 2nd quarter. Accordant Advisory Group Inc now owns 23,462 shares of the company’s stock valued at $1,418,000 after purchasing an additional 176 shares during the period. Legacy Capital Group California Inc. boosted its position in shares of Archer-Daniels-Midland by 1.2% during the second 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 period. Finally, Lake Street Advisors Group LLC grew its stake in shares of 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 acquiring an additional 183 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Stock Down 0.1 %

ADM stock opened at $53.13 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $56.60 and its 200 day moving average price is $59.53. Archer-Daniels-Midland has a 52 week low of $48.92 and a 52 week high of $77.35. The company has a market cap of $25.42 billion, a P/E ratio of 15.18 and a beta of 0.73.

Archer-Daniels-Midland Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.76%. Archer-Daniels-Midland’s payout ratio is currently 57.14%.

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.