Archer Daniels Midland (NYSE:ADM) had its target price boosted by Citigroup from $53.00 to $54.00 in a research report released on Wednesday, May 2nd. Citigroup currently has a buy rating on the stock.
A number of other research firms have also weighed in on ADM. ValuEngine lowered shares of Archer Daniels Midland from a buy rating to a hold rating in a research report on Wednesday, May 2nd. Monness Crespi & Hardt upgraded shares of Archer Daniels Midland from a sell rating to a neutral rating in a research report on Wednesday, May 2nd. Zacks Investment Research upgraded shares of Archer Daniels Midland from a sell rating to a hold rating in a research report on Friday, February 9th. Credit Suisse Group boosted their price objective on shares of Archer Daniels Midland from $40.00 to $42.00 and gave the stock a neutral rating in a research report on Friday, April 6th. Finally, Buckingham Research boosted their target price on shares of Archer Daniels Midland from $47.00 to $53.00 and gave the company a buy rating in a research note on Monday, April 9th. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $45.56.
NYSE ADM opened at $44.91 on Wednesday. Archer Daniels Midland has a one year low of $44.22 and a one year high of $44.57. The company has a quick ratio of 0.83, a current ratio of 1.57 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $24.89 billion, a PE ratio of 17.67 and a beta of 1.01.
Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, May 1st. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.21. Archer Daniels Midland had a net margin of 2.69% and a return on equity of 7.96%. The company had revenue of $15.53 billion during the quarter, compared to the consensus estimate of $15.35 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. equities research analysts anticipate that Archer Daniels Midland will post 3 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 7th. Shareholders of record on Thursday, May 17th will be given a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Wednesday, May 16th. Archer Daniels Midland’s dividend payout ratio is presently 55.14%.
In other news, insider Ambrose Michael D sold 20,762 shares of the firm’s stock in a transaction on Thursday, April 12th. The stock was sold at an average price of $45.00, for a total transaction of $934,290.00. Following the transaction, the insider now directly owns 219,384 shares of the company’s stock, valued at $9,872,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Archer Daniels Midland by 0.8% during the 1st quarter. BlackRock Inc. now owns 42,262,833 shares of the company’s stock worth $1,832,941,000 after acquiring an additional 315,765 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Archer Daniels Midland by 20.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 15,322,485 shares of the company’s stock worth $664,536,000 after purchasing an additional 2,598,337 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Archer Daniels Midland by 27.8% during the 4th quarter. Victory Capital Management Inc. now owns 9,409,203 shares of the company’s stock worth $377,121,000 after purchasing an additional 2,044,941 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Archer Daniels Midland by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 6,283,062 shares of the company’s stock worth $251,328,000 after purchasing an additional 185,044 shares in the last quarter. Finally, Aristotle Capital Management LLC raised its stake in shares of Archer Daniels Midland by 4.1% during the 1st quarter. Aristotle Capital Management LLC now owns 5,458,430 shares of the company’s stock worth $236,732,000 after purchasing an additional 213,845 shares in the last quarter. Institutional investors and hedge funds own 78.03% of the company’s stock.
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. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.
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