Archer Daniels Midland (NYSE:ADM) has received an average rating of “Hold” from the seventeen analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $44.89.
Several equities analysts have weighed in on the stock. Buckingham Research reiterated a “buy” rating and issued a $53.00 target price (up from $47.00) on shares of Archer Daniels Midland in a report on Monday. Credit Suisse Group boosted their target price on shares of Archer Daniels Midland from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Friday. ValuEngine lowered shares of Archer Daniels Midland from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Zacks Investment Research upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Finally, Robert W. Baird boosted their target price on shares of Archer Daniels Midland from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th.
Institutional investors have recently added to or reduced their stakes in the company. Ffcm LLC increased its stake in Archer Daniels Midland by 126.4% during the 4th quarter. Ffcm LLC now owns 2,551 shares of the company’s stock worth $102,000 after buying an additional 1,424 shares during the period. Tower Research Capital LLC TRC increased its stake in Archer Daniels Midland by 188.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,554 shares of the company’s stock worth $102,000 after buying an additional 1,668 shares during the period. G&S Capital LLC purchased a new stake in shares of Archer Daniels Midland in the 4th quarter valued at approximately $106,000. CNB Bank purchased a new stake in shares of Archer Daniels Midland in the 4th quarter valued at approximately $112,000. Finally, Acropolis Investment Management LLC increased its position in shares of Archer Daniels Midland by 1,923.9% in the 4th quarter. Acropolis Investment Management LLC now owns 3,218 shares of the company’s stock valued at $129,000 after purchasing an additional 3,059 shares during the last quarter. 77.44% of the stock is currently owned by institutional investors and hedge funds.
Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, February 6th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.12. The company had revenue of $16.07 billion for the quarter, compared to analyst estimates of $16.64 billion. Archer Daniels Midland had a net margin of 2.62% and a return on equity of 7.91%. Archer Daniels Midland’s revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 EPS. analysts predict that Archer Daniels Midland will post 2.88 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th were paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.00%. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, February 16th. Archer Daniels Midland’s payout ratio is 55.14%.
About Archer Daniels Midland
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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