Archer-Daniels-Midland (NYSE:ADM) Given New $52.00 Price Target at Morgan Stanley

Archer-Daniels-Midland (NYSE:ADM) had its price objective decreased by Morgan Stanley from $57.00 to $52.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective points to a potential downside of 0.69% from the company’s previous close.

ADM has been the subject of several other reports. JPMorgan Chase & Co. boosted their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. UBS Group raised their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, Citigroup dropped their target price on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $62.83.

Archer-Daniels-Midland Trading Up 0.4 %

Shares of Archer-Daniels-Midland stock opened at $52.36 on Tuesday. The firm’s 50-day moving average price is $57.89 and its two-hundred day moving average price is $59.98. The company has a market capitalization of $25.04 billion, a price-to-earnings ratio of 10.51 and a beta of 0.73. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland has a 12-month low of $48.92 and a 12-month high of $77.35.

Insider Activity at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 3,683 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total value of $224,663.00. Following the transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,177,810. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Juan R. Luciano sold 170,194 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total value of $10,298,438.94. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,047,857.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Juan R. Luciano sold 3,683 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the completion of the transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,177,810. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 219,348 shares of company stock worth $13,296,833 over the last ninety days. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Archer-Daniels-Midland

Hedge funds have recently modified their holdings of the stock. Marathon Asset Management Ltd grew its stake in shares of Archer-Daniels-Midland by 4.5% during the 3rd quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company’s stock worth $18,110,000 after acquiring an additional 13,177 shares during the period. Heritage Wealth Management Inc. bought a new position in Archer-Daniels-Midland during the second quarter worth about $974,000. Vest Financial LLC raised its position in shares of Archer-Daniels-Midland by 8.9% in the third quarter. Vest Financial LLC now owns 782,428 shares of the company’s stock valued at $46,742,000 after purchasing an additional 63,716 shares during the period. nVerses Capital LLC bought a new position in Archer-Daniels-Midland in the 3rd quarter worth approximately $1,081,000. Finally, CWM LLC grew its stake in Archer-Daniels-Midland by 52.2% in the 2nd quarter. CWM LLC now owns 25,151 shares of the company’s stock valued at $1,520,000 after buying an additional 8,628 shares in the last quarter. Institutional investors 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.