Archer Daniels Midland (NYSE:ADM) Stock Gets Downgrade from Wall Street Zen

Archer Daniels Midland (NYSE:ADM) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Sunday, Wall Street Zen reports.

Other analysts have also recently issued reports about the stock. Zacks Research cut shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. William Blair began coverage on Archer Daniels Midland in a research report on Tuesday, September 15th. They issued a “buy” rating on the stock. Weiss Ratings lowered Archer Daniels Midland from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 28th. JPMorgan Chase & Co. upgraded Archer Daniels Midland from an “underweight” rating to a “neutral” rating and set a $75.00 price objective on the stock in a research note on Wednesday, November 4th. Finally, Stephens decreased their target price on Archer Daniels Midland from $85.00 to $75.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 4th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Archer Daniels Midland presently has a consensus rating of “Hold” and a consensus price target of $80.25.

Archer Daniels Midland Trading Down 0.1%

NYSE ADM opened at $69.93 on Friday. Archer Daniels Midland has a one year low of $55.58 and a one year high of $88.75. The company’s 50 day moving average price is $80.86 and its 200 day moving average price is $76.56. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.86 and a current ratio of 1.45. The firm has a market capitalization of $33.28 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 2.07 and a beta of 0.63.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.17. Archer Daniels Midland had a net margin of 2.95% and a return on equity of 10.84%. The company had revenue of $22.34 billion during the quarter, compared to the consensus estimate of $23.27 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. Archer Daniels Midland’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, sell-side analysts predict that Archer Daniels Midland will post 5.72 EPS for the current year.

Insiders Place Their Bets

In other news, Director R II purchased 2,800 shares of the stock in a transaction that occurred on Thursday, November 5th. The stock was acquired at an average cost of $70.27 per share, with a total value of $196,756.00. Following the acquisition, the director owned 2,800 shares in the company, valued at approximately $196,756. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Archer Daniels Midland

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Archer Daniels Midland during the second quarter worth about $3,409,089,000. Wellington Management Group LLP boosted its holdings in Archer Daniels Midland by 2.2% in the second quarter. Wellington Management Group LLP now owns 17,670,220 shares of the company’s stock valued at $1,350,005,000 after purchasing an additional 382,460 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Archer Daniels Midland by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,806,192 shares of the company’s stock valued at $276,647,000 after purchasing an additional 163,749 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Archer Daniels Midland in the second quarter valued at about $257,394,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Archer Daniels Midland by 4.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,875,370 shares of the company’s stock valued at $219,678,000 after purchasing an additional 112,980 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer Daniels Midland Company Profile

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural supply chain and food ingredient company. It sources, transports, stores and processes crops, connecting farmers with food, feed, fuel and industrial markets.

ADM processes commodities such as corn, oilseeds and wheat into products including vegetable oils, protein meals, flour, starches, sweeteners and other food ingredients. Its businesses also supply ingredients and solutions for human and animal nutrition, as well as products used in biofuels and other industrial applications.

Founded in 1902, the company has grown from a linseed-processing business into an international enterprise serving customers across a wide range of markets and geographies.