Archer-Daniels-Midland (NYSE:ADM – Free Report) had its price target trimmed by Stephens from $80.00 to $75.00 in a research note released on Wednesday morning, Marketbeat.com reports. The firm currently has an equal weight rating on the stock.
Other research analysts have also issued reports about the stock. Argus lifted their price objective on shares of Archer-Daniels-Midland from $91.00 to $95.00 and gave the company a buy rating in a research note on Tuesday, August 1st. Morgan Stanley increased their price target on shares of Archer-Daniels-Midland from $83.00 to $87.00 and gave the stock an equal weight rating in a research note on Monday, July 31st. JPMorgan Chase & Co. cut their price target on shares of Archer-Daniels-Midland from $85.00 to $77.00 and set a neutral rating on the stock in a report on Thursday, October 19th. Finally, StockNews.com began coverage on shares of Archer-Daniels-Midland in a research report on Thursday, October 5th. They set a buy rating on the stock. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Archer-Daniels-Midland has a consensus rating of Moderate Buy and an average target price of $94.00.
Get Our Latest Stock Report on Archer-Daniels-Midland
Archer-Daniels-Midland Stock Performance
Archer-Daniels-Midland (NYSE:ADM – Get Free Report) last posted its earnings results on Tuesday, October 24th. The company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.10. The company had revenue of $21.70 billion for the quarter, compared to analyst estimates of $23.69 billion. Archer-Daniels-Midland had a net margin of 4.14% and a return on equity of 17.52%. The firm’s revenue was down 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.86 EPS. Sell-side analysts forecast that Archer-Daniels-Midland will post 7.19 EPS for the current year.
Archer-Daniels-Midland Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 16th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.80 annualized dividend and a dividend yield of 2.53%. Archer-Daniels-Midland’s payout ratio is 24.03%.
Hedge Funds Weigh In On Archer-Daniels-Midland
Several institutional investors have recently bought and sold shares of the stock. Daiwa Securities Group Inc. boosted its stake in shares of Archer-Daniels-Midland by 4.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 43,470 shares of the company’s stock worth $3,463,000 after purchasing an additional 1,940 shares during the period. Toronto Dominion Bank grew its position in shares of Archer-Daniels-Midland by 0.4% in the 1st quarter. Toronto Dominion Bank now owns 276,660 shares of the company’s stock worth $22,027,000 after buying an additional 1,138 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Archer-Daniels-Midland in the 1st quarter worth approximately $574,000. Daymark Wealth Partners LLC purchased a new position in shares of Archer-Daniels-Midland in the 2nd quarter worth approximately $691,000. Finally, EA Series Trust purchased a new position in shares of Archer-Daniels-Midland in the 2nd quarter worth approximately $290,000. 77.73% of the stock is owned by hedge funds and other institutional investors.
Archer-Daniels-Midland Company Profile
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. The company operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.
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