Archer-Daniels-Midland Company (NYSE:ADM) Given Consensus Rating of “Reduce” by Brokerages

Archer-Daniels-Midland Company (NYSE:ADM) has earned an average rating of “Reduce” from the fifteen analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and fourteen have assigned a hold recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $64.62.

A number of research firms recently issued reports on ADM. Citigroup dropped their price objective on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Monday, July 15th. JPMorgan Chase & Co. upped their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st.

Archer-Daniels-Midland Trading Down 1.1 %

Shares of NYSE ADM opened at $59.03 on Friday. Archer-Daniels-Midland has a 1-year low of $50.72 and a 1-year high of $83.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. The business’s 50 day moving average is $61.31 and its two-hundred day moving average is $59.89. The stock has a market capitalization of $29.19 billion, a P/E ratio of 10.36 and a beta of 0.74.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.19). The firm had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $23.12 billion. Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The business’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.89 earnings per share. As a group, research analysts expect that Archer-Daniels-Midland will post 5.41 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 35.09%.

Institutional Trading of Archer-Daniels-Midland

Institutional investors have recently modified their holdings of the company. Cherry Tree Wealth Management LLC acquired a new stake in Archer-Daniels-Midland in the first quarter valued at approximately $27,000. Riverview Trust Co acquired a new stake in shares of Archer-Daniels-Midland in the 2nd quarter worth $27,000. Altshuler Shaham Ltd purchased a new position in Archer-Daniels-Midland during the 2nd quarter worth $28,000. Crewe Advisors LLC acquired a new position in Archer-Daniels-Midland during the 1st quarter valued at about $30,000. Finally, Rise Advisors LLC purchased a new stake in Archer-Daniels-Midland in the first quarter valued at about $34,000. 78.28% of the stock is currently owned by institutional investors.

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.