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

Archer-Daniels-Midland Company (NYSE:ADM) has been given an average rating of “Reduce” by the fourteen analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and thirteen have given a hold recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $62.83.

ADM has been the subject of several recent analyst reports. UBS Group lifted their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Morgan Stanley dropped their price objective on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 12th.

Archer-Daniels-Midland Stock Up 1.2 %

NYSE ADM opened at $54.37 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average of $56.03 and a two-hundred day moving average of $59.32. The firm has a market capitalization of $26.02 billion, a price-to-earnings ratio of 15.53 and a beta of 0.73. Archer-Daniels-Midland has a 52 week low of $48.92 and a 52 week high of $77.35.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.50 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.68%. Archer-Daniels-Midland’s payout ratio is currently 57.14%.

Insider Activity at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland 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. The trade was a 39.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Archer-Daniels-Midland

A number of large investors have recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Archer-Daniels-Midland by 3.3% in the third quarter. State Street Corp now owns 32,045,672 shares of the company’s stock worth $1,914,408,000 after purchasing an additional 1,018,256 shares in the last quarter. Wellington Management Group LLP raised its holdings in Archer-Daniels-Midland by 41.5% in the third quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock worth $1,160,755,000 after purchasing an additional 5,702,451 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Archer-Daniels-Midland by 6.4% in the third quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock worth $483,084,000 after purchasing an additional 489,554 shares in the last quarter. FMR LLC raised its holdings in Archer-Daniels-Midland by 33.9% in the third quarter. FMR LLC now owns 3,979,867 shares of the company’s stock worth $237,757,000 after purchasing an additional 1,007,494 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Archer-Daniels-Midland by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,607,843 shares of the company’s stock worth $215,533,000 after purchasing an additional 63,883 shares in the last quarter. 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.