Archer-Daniels-Midland (NYSE:ADM) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Archer-Daniels-Midland (NYSE:ADM) in a report issued on Wednesday, Price Targets.com reports. The brokerage issued a hold rating and a $74.00 price objective on the stock.

Several other brokerages also recently commented on ADM. Stephens downgraded shares of Archer-Daniels-Midland from an overweight rating to an equal weight rating and upped their price objective for the company from $65.00 to $67.00 in a research note on Tuesday, October 12th. Barclays upped their price objective on shares of Archer-Daniels-Midland from $75.00 to $80.00 and gave the company an overweight rating in a research note on Monday, December 13th. Monness Crespi & Hardt upped their price objective on shares of Archer-Daniels-Midland from $70.00 to $74.00 and gave the company a buy rating in a research note on Wednesday, October 27th. Argus boosted their price target on shares of Archer-Daniels-Midland from $72.00 to $74.00 in a research report on Monday, January 3rd. Finally, Morgan Stanley boosted their price target on shares of Archer-Daniels-Midland from $67.00 to $69.00 and gave the company an equal weight rating in a research report on Tuesday. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Archer-Daniels-Midland presently has an average rating of Hold and a consensus target price of $68.92.

Archer-Daniels-Midland stock opened at $71.55 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.58 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $40.03 billion, a PE ratio of 15.45, a P/E/G ratio of 1.79 and a beta of 0.89. The firm has a fifty day simple moving average of $66.03 and a two-hundred day simple moving average of $62.80. Archer-Daniels-Midland has a twelve month low of $49.28 and a twelve month high of $71.67.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Monday, October 25th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.89 by $0.08. The firm had revenue of $20.34 billion during the quarter, compared to the consensus estimate of $17.93 billion. Archer-Daniels-Midland had a net margin of 3.26% and a return on equity of 13.11%. The company’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 earnings per share. As a group, equities analysts expect that Archer-Daniels-Midland will post 4.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 8th. Investors of record on Wednesday, November 17th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, November 16th. This represents a $1.48 dividend on an annualized basis and a yield of 2.07%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 31.97%.

In related news, SVP D Cameron Findlay sold 99,503 shares of the stock in a transaction that occurred on Monday, November 1st. The shares were sold at an average price of $63.73, for a total transaction of $6,341,326.19. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.30% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. raised its position in Archer-Daniels-Midland by 149.4% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 985 shares of the company’s stock worth $67,000 after acquiring an additional 590 shares during the period. Louisiana State Employees Retirement System raised its position in Archer-Daniels-Midland by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 35,100 shares of the company’s stock worth $2,372,000 after acquiring an additional 300 shares during the period. Epic Trust Investment Advisors LLC bought a new position in Archer-Daniels-Midland in the fourth quarter worth approximately $210,000. Stratos Wealth Partners LTD. raised its position in Archer-Daniels-Midland by 2.3% in the fourth quarter. Stratos Wealth Partners LTD. now owns 7,976 shares of the company’s stock worth $539,000 after acquiring an additional 176 shares during the period. Finally, Exchange Traded Concepts LLC raised its position in Archer-Daniels-Midland by 938.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,246 shares of the company’s stock worth $84,000 after acquiring an additional 1,126 shares during the period. Institutional investors and hedge funds own 77.93% of the company’s stock.

Archer-Daniels-Midland Company Profile

Archer-Daniels-Midland Co processes oilseeds, corn, wheat, cocoa and other agricultural commodities. The company operates through the following segments: Ag Services and Oilseeds, Carbohydrate Solutions and Nutrition. The Ag Services and Oilseeds segment includes activities related to the origination, merchandising, crushing, and further processing of oilseeds such as soybeans and soft seeds, such as cottonseed, sunflower seed, canola, rapeseed, and flaxseed into vegetable oils and protein meals.

Recommended Story: Is it better to buy a fund with a higher or lower NAV?

Analyst Recommendations for Archer-Daniels-Midland (NYSE:ADM)

Receive News & Ratings for Archer-Daniels-Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer-Daniels-Midland and related companies with MarketBeat.com's FREE daily email newsletter.