Archer-Daniels-Midland Company (ADM) Raised to Hold at BidaskClub
BidaskClub upgraded shares of Archer-Daniels-Midland Company (NYSE:ADM) from a sell rating to a hold rating in a report issued on Thursday.
Several other brokerages have also commented on ADM. Zacks Investment Research raised Archer-Daniels-Midland from a sell rating to a hold rating in a report on Friday, August 4th. Stifel Nicolaus reissued a hold rating and issued a $45.00 price objective (up from $40.00) on shares of Archer-Daniels-Midland in a report on Thursday, August 3rd. Argus lowered Archer-Daniels-Midland from a buy rating to a hold rating in a report on Thursday, June 1st. Vetr raised Archer-Daniels-Midland from a buy rating to a strong-buy rating and set a $46.76 price objective on the stock in a report on Wednesday, May 31st. Finally, BMO Capital Markets reissued a hold rating and issued a $41.00 price objective on shares of Archer-Daniels-Midland in a report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $45.10.
Archer-Daniels-Midland (ADM) opened at 41.27 on Thursday. The stock has a market capitalization of $23.22 billion, a PE ratio of 17.45 and a beta of 1.11. The company has a 50-day moving average price of $41.71 and a 200-day moving average price of $43.23. Archer-Daniels-Midland has a 12-month low of $40.22 and a 12-month high of $47.88.
Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.52 by $0.05. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The company had revenue of $14.94 billion for the quarter, compared to analyst estimates of $15.86 billion. During the same period last year, the company earned $0.41 earnings per share. Archer-Daniels-Midland’s quarterly revenue was down 4.4% compared to the same quarter last year. Analysts expect that Archer-Daniels-Midland will post $2.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th will be given a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.28 annualized dividend and a dividend yield of 3.10%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 53.78%.
Several institutional investors have recently added to or reduced their stakes in ADM. Guardian Life Insurance Co. of America increased its position in Archer-Daniels-Midland by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 2,206 shares of the company’s stock valued at $102,000 after buying an additional 8 shares during the period. Enterprise Financial Services Corp increased its position in Archer-Daniels-Midland by 17.7% in the second quarter. Enterprise Financial Services Corp now owns 2,526 shares of the company’s stock valued at $105,000 after buying an additional 380 shares during the period. Manchester Capital Management LLC increased its position in Archer-Daniels-Midland by 28.3% in the second quarter. Manchester Capital Management LLC now owns 2,718 shares of the company’s stock valued at $112,000 after buying an additional 600 shares during the period. Ledyard National Bank purchased a new position in Archer-Daniels-Midland during the first quarter valued at $120,000. Finally, Whittier Trust Co. increased its position in Archer-Daniels-Midland by 1,221.7% in the first quarter. Whittier Trust Co. now owns 3,172 shares of the company’s stock valued at $146,000 after buying an additional 2,932 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.
Archer-Daniels-Midland Company Profile
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