Archer-Daniels-Midland Company (NYSE: SMA – Get a rating) received an average rating of “Hold” from the fourteen research companies currently covering the business, market beat reports. Seven equity research analysts rated the stock with a hold rating and three issued a buy rating on the company. The 12-month average target price among brokers who have reported on the stock in the past year is $85.25.
A number of analysts have weighed in on ADM shares. Bank of America downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and raised its target price for the company from $80.00 to $100.00 in a report of search for Tuesday, April 19. Stifel Nicolaus raised his price target on Archer-Daniels-Midland shares from $80.00 to $100.00 in a Wednesday, April 6 research report. Zacks Investment Research downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and set a target price of $98.00 for the stock. in a research report on Tuesday, March 29. StockNews.com downgraded shares of Archer-Daniels-Midland from a “strong buy” rating to a “buy” rating in a Tuesday, April 26 research report. Finally, Goldman Sachs Group raised its price target on Archer-Daniels-Midland shares from $79.00 to $91.00 and gave the company a “buy” rating in a research report Wednesday, March 16.
NYSE ADM opened at $85.39 on Friday. The company has a current ratio of 1.42, a quick ratio of 0.81 and a debt ratio of 0.37. The company has a market capitalization of $48.05 billion, a price/earnings ratio of 15.73, a P/E/G ratio of 2.22 and a beta of 0.75. The company’s 50-day simple moving average is $89.64 and its 200-day simple moving average is $76.54. Archer-Daniels-Midland has a 1-year low of $56.91 and a 1-year high of $98.88.
Archer-Daniels-Midland (NYSE: SMA – Get a rating) last released its quarterly results on Tuesday, April 26. The company reported earnings per share (EPS) of $1.90 for the quarter, beating the consensus estimate of $1.35 by $0.55. Archer-Daniels-Midland had a net margin of 3.42% and a return on equity of 14.40%. The company posted revenue of $23.65 billion for the quarter, versus analyst estimates of $20.61 billion. In the same quarter last year, the company posted EPS of $1.39. The company’s revenue for the quarter increased 25.2% year over year. On average, equity research analysts expect Archer-Daniels-Midland to post earnings per share of 5.99 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 8. Shareholders of record on Wednesday, May 18 will receive a dividend of $0.40 per share. This represents an annualized dividend of $1.60 and a dividend yield of 1.87%. The ex-dividend date is Tuesday, May 17. Archer-Daniels-Midland’s payout ratio is currently 29.47%.
In related news, SVP Gregory A. Morris sold 20,000 shares of Archer-Daniels-Midland in a trade on Friday, March 18. The shares were sold at an average price of $83.37, for a total transaction of $1,667,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, available at this link. Also, please Vincent F. Macciocchi sold 93,110 shares of Archer-Daniels-Midland in a trade on Tuesday, February 15. The stock was sold at an average price of $76.70, for a total transaction of $7,141,537.00. Disclosure of this sale can be found here. 1.20% of the shares are currently held by insiders of the company.
Major investors have recently been buying and selling shares of the company. CIBC Asset Management Inc. increased its holdings in Archer-Daniels-Midland by 2.9% in the fourth quarter. CIBC Asset Management Inc. now owns 99,268 shares of the company worth $6,710,000 after purchasing an additional 2,768 shares during the period. Community Trust & Investment Co. increased its holdings in Archer-Daniels-Midland by 5.0% in the fourth quarter. Community Trust & Investment Co. now owns 44,401 shares of the company worth $3,001,000 after purchasing an additional 2,130 shares during the period. Strategic Capital Advisers Inc. acquired a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $2,357,000. Alps Advisors Inc. increased its holdings of Archer-Daniels-Midland shares by 73.0% during the fourth quarter. Alps Advisors Inc. now owns 10,414 shares of the company valued at $704,000 after purchasing an additional 4,394 shares in the last quarter. Finally, Rockefeller Capital Management LP increased its holdings of Archer-Daniels-Midland shares by 267.0% during the third quarter. Rockefeller Capital Management LP now owns 32,824 shares of the company valued at $1,969,000 after purchasing an additional 23,881 shares in the last quarter. Institutional investors and hedge funds own 75.38% of the company’s shares.
Archer-Daniels-Midland Company Profile (Get a rating)
Archer-Daniels-Midland Company buys, transports, stores, processes and markets agricultural raw materials, products and ingredients in the United States, Switzerland, Cayman Islands, Brazil, Mexico, United Kingdom and the United States. ‘foreign. The Company operates through three segments: Agriculture and Oilseed Services, Carbohydrate Solutions and Nutrition.
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