Archer-Daniels-Midland Company (NYSE:ADM) announced a quarterly dividend on Thursday, November 5th, RTT News reports. Investors of record on Thursday, November 19th will be given a dividend of 0.36 per share on Thursday, December 10th. This represents a $1.44 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Wednesday, November 18th.
Archer-Daniels-Midland has raised its dividend by 16.7% over the last three years and has raised its dividend annually for the last 46 consecutive years. Archer-Daniels-Midland has a payout ratio of 42.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Archer-Daniels-Midland to earn $3.57 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 40.3%.
NYSE ADM opened at $49.86 on Monday. Archer-Daniels-Midland has a 52-week low of $28.92 and a 52-week high of $52.05. The company has a 50-day simple moving average of $48.59 and a 200 day simple moving average of $42.93. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.01 and a current ratio of 1.64. The company has a market capitalization of $27.45 billion, a PE ratio of 17.62 and a beta of 0.87.
A number of brokerages have weighed in on ADM. ValuEngine lowered shares of Archer-Daniels-Midland from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. upgraded shares of Archer-Daniels-Midland from a “neutral” rating to an “overweight” rating and set a $60.00 target price for the company in a research report on Monday, October 19th. Barclays increased their target price on shares of Archer-Daniels-Midland from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, November 9th. Seaport Global Securities assumed coverage on shares of Archer-Daniels-Midland in a research report on Tuesday, July 28th. They set a “buy” rating and a $51.00 target price for the company. Finally, Morgan Stanley raised their price objective on shares of Archer-Daniels-Midland from $45.00 to $49.00 and gave the company an “equal weight” rating in a research report on Monday, November 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $50.27.
In related news, Director Pierre Dufour bought 11,100 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was acquired at an average cost of $44.75 per share, for a total transaction of $496,725.00. Following the completion of the transaction, the director now directly owns 18,800 shares in the company, valued at approximately $841,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Gregory A. Morris sold 20,000 shares of Archer-Daniels-Midland stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $44.46, for a total transaction of $889,200.00. Following the sale, the senior vice president now owns 164,330 shares of the company’s stock, valued at $7,306,111.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 370,639 shares of company stock valued at $18,472,145. 1.27% of the stock is currently owned by company insiders.
Archer-Daniels-Midland Company Profile
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 three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. It procures, stores, cleans, and transports agricultural raw materials, such as oilseeds, corn, wheat, milo, oats, rice, and barley.
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