Archer Daniels Midland (NYSE:ADM) Stock Rating Cut to “Buy” at Wall Street Zen

Wall Street Zen cut shares of Archer Daniels Midland (NYSE:ADM) from a strong-buy rating to a buy rating in a research report sent to investors on Sunday,Wall Street Zen reports.

A number of other research analysts have also weighed in on the company. Weiss Ratings lowered Archer Daniels Midland from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 28th. Stephens decreased their target price on Archer Daniels Midland from $85.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 4th. Jefferies Financial Group increased their price target on Archer Daniels Midland from $88.00 to $89.00 in a research note on Monday, October 19th. Zacks Research cut Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, BMO Capital Markets lifted their price objective on Archer Daniels Midland from $77.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $80.25.

Archer Daniels Midland Trading Up 0.1%

Shares of ADM opened at $70.05 on Friday. Archer Daniels Midland has a 1 year low of $55.58 and a 1 year high of $88.75. The company has a 50 day simple moving average of $81.09 and a two-hundred day simple moving average of $76.55. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.45 and a quick ratio of 0.88. The firm has a market cap of $33.34 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 2.04 and a beta of 0.63.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Tuesday, November 3rd. The company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.17. The firm had revenue of $22.34 billion during the quarter, compared to analyst estimates of $23.27 billion. Archer Daniels Midland had a net margin of 2.95% and a return on equity of 10.84%. Archer Daniels Midland’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 earnings per share. On average, equities analysts expect that Archer Daniels Midland will post 5.72 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Wednesday, November 18th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, November 18th. Archer Daniels Midland’s payout ratio is presently 40.55%.

Institutional Investors Weigh In On Archer Daniels Midland

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

About Archer Daniels Midland

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.