Archer Daniels Midland Co. (NYSE:ADM) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday. They presently have a $40.88 target price on the stock. Vetr‘s target price indicates a potential downside of 6.00% from the company’s previous close.

Several other equities analysts also recently commented on the stock. JPMorgan Chase & Co. downgraded shares of Archer Daniels Midland from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $42.00 to $36.00 in a research note on Friday, November 11th. Macquarie upped their price target on shares of Archer Daniels Midland from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, August 29th. Finally, Argus upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and upped their price target for the company from $43.93 to $54.00 in a research note on Thursday, August 4th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Archer Daniels Midland has a consensus rating of “Hold” and a consensus target price of $43.90.

Analyst Recommendations for Archer Daniels Midland (NYSE:ADM)

Shares of Archer Daniels Midland (NYSE:ADM) opened at 43.49 on Monday. The firm has a market cap of $25.02 billion, a PE ratio of 16.44 and a beta of 0.88. The firm has a 50-day moving average of $43.51 and a 200 day moving average of $42.64. 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 quarterly earnings results on Tuesday, November 1st. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ 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 had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $16.23 billion. During the same period in the prior year, the company posted $0.60 earnings per share. Archer Daniels Midland’s revenue was down 4.4% compared to the same quarter last year. On average, equities analysts predict that Archer Daniels Midland will post $2.29 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Wednesday, November 16th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Monday, November 14th. Archer Daniels Midland’s dividend payout ratio is currently 45.45%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its position in Archer Daniels Midland by 64.2% in the first quarter. Wellington Management Group LLP now owns 557,700 shares of the company’s stock valued at $20,250,000 after buying an additional 218,015 shares in the last quarter. Legal & General Group Plc increased its position in Archer Daniels Midland by 2.1% in the first quarter. Legal & General Group Plc now owns 2,988,808 shares of the company’s stock valued at $108,518,000 after buying an additional 62,483 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Archer Daniels Midland by 24.4% in the first quarter. Envestnet Asset Management Inc. now owns 76,661 shares of the company’s stock valued at $2,784,000 after buying an additional 15,020 shares in the last quarter. Magnetar Financial LLC increased its position in Archer Daniels Midland by 52.4% in the first quarter. Magnetar Financial LLC now owns 18,051 shares of the company’s stock valued at $655,000 after buying an additional 6,205 shares in the last quarter. Finally, LPL Financial LLC increased its position in Archer Daniels Midland by 91.0% in the first quarter. LPL Financial LLC now owns 88,485 shares of the company’s stock valued at $3,107,000 after buying an additional 42,155 shares in the last quarter. 73.45% of the stock is owned by institutional investors.

Archer Daniels Midland Company Profile

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