Archer Daniels Midland Co. (NYSE:ADM) was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research report issued to clients and investors on Friday. They presently have a $36.00 price target on the stock, down from their previous price target of $42.00. JPMorgan Chase & Co.’s target price would suggest a potential downside of 20.32% from the company’s previous close.

ADM has been the subject of a number of other research reports. Macquarie upped their target price on shares of Archer Daniels Midland from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, August 29th. Vetr raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating and set a $49.80 target price for the company in a report on Tuesday, September 6th. Finally, Argus raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and upped their price objective for the company from $43.93 to $54.00 in a report on Thursday, August 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $44.71.

Analyst Recommendations for Archer Daniels Midland (NYSE:ADM)

Archer Daniels Midland (NYSE:ADM) opened at 45.18 on Friday. The firm’s 50-day moving average is $43.49 and its 200-day moving average is $42.54. The stock has a market cap of $26.00 billion, a P/E ratio of 17.07 and a beta of 0.88. Archer Daniels Midland has a 52-week low of $29.86 and a 52-week high of $47.88.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, November 1st. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.13. Archer Daniels Midland had a net margin of 2.53% and a return on equity of 6.79%. The business earned $15.83 billion during the quarter, compared to analyst estimates of $16.23 billion. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. Equities research analysts predict that Archer Daniels Midland will post $2.28 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Wednesday, November 16th will be given a dividend of $0.30 per share. The ex-dividend date is Monday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.66%. Archer Daniels Midland’s dividend payout ratio is presently 45.45%.

In other news, insider Ambrose Michael D sold 20,762 shares of the stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $47.16, for a total transaction of $979,135.92. Following the sale, the insider now owns 177,265 shares of the company’s stock, valued at $8,359,817.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John P. Stott sold 2,418 shares of the stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $47.74, for a total transaction of $115,435.32. Following the sale, the vice president now directly owns 36,880 shares in the company, valued at approximately $1,760,651.20. The disclosure for this sale can be found here. Insiders own 3.15% of the company’s stock.

Several hedge funds have recently modified their holdings of ADM. Bank of New York Mellon Corp boosted its stake in shares of Archer Daniels Midland by 14.7% in the second quarter. Bank of New York Mellon Corp now owns 11,865,220 shares of the company’s stock valued at $508,897,000 after buying an additional 1,522,781 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Archer Daniels Midland by 91.0% in the second quarter. Victory Capital Management Inc. now owns 2,544,338 shares of the company’s stock valued at $109,126,000 after buying an additional 1,211,880 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Archer Daniels Midland by 2,281.0% in the second quarter. American Century Companies Inc. now owns 1,164,376 shares of the company’s stock valued at $49,940,000 after buying an additional 1,115,473 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Archer Daniels Midland by 536.2% in the second quarter. Stifel Financial Corp now owns 1,251,839 shares of the company’s stock valued at $53,693,000 after buying an additional 1,055,063 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Archer Daniels Midland by 36.6% in the second quarter. First Trust Advisors LP now owns 3,837,344 shares of the company’s stock valued at $164,584,000 after buying an additional 1,027,355 shares in the last quarter. 72.65% of the stock is currently owned by institutional investors and hedge funds.

About Archer Daniels Midland

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