Piper Jaffray Companies set a $42.00 target price on Archer-Daniels-Midland Company (NYSE:ADM) in a research note issued to investors on Friday morning. The firm currently has a hold rating on the stock.

A number of other research firms have also recently commented on ADM. Argus cut shares of Archer-Daniels-Midland from a buy rating to a hold rating in a research note on Thursday, June 1st. Citigroup Inc. restated a buy rating on shares of Archer-Daniels-Midland in a research note on Wednesday, July 12th. Zacks Investment Research cut shares of Archer-Daniels-Midland from a hold rating to a strong sell rating in a research note on Wednesday, May 31st. Vetr upgraded shares of Archer-Daniels-Midland from a buy rating to a strong-buy rating and set a $46.76 target price on the stock in a research note on Monday, May 22nd. Finally, BidaskClub upgraded shares of Archer-Daniels-Midland from a sell rating to a hold rating in a research note on Thursday, August 17th. One equities 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 assigned a strong buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $44.60.

Shares of Archer-Daniels-Midland (ADM) traded up 1.63% on Friday, hitting $41.75. 2,216,740 shares of the company’s stock were exchanged. Archer-Daniels-Midland has a 12 month low of $40.22 and a 12 month high of $47.88. The stock’s 50 day moving average is $41.73 and its 200 day moving average is $43.14. The firm has a market cap of $23.49 billion, a P/E ratio of 17.65 and a beta of 1.11.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. Archer-Daniels-Midland had a net margin of 2.22% and a return on equity of 8.40%. The company had revenue of $14.94 billion for the quarter, compared to analysts’ expectations of $15.86 billion. During the same quarter last year, the business earned $0.41 EPS. The firm’s revenue was down 4.4% compared to the same quarter last year. On average, equities analysts predict that Archer-Daniels-Midland will post $2.61 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Tuesday, August 15th. Archer-Daniels-Midland’s payout ratio is currently 53.78%.

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Archer-Daniels-Midland by 2.3% in the second quarter. Vanguard Group Inc. now owns 44,408,946 shares of the company’s stock valued at $1,837,642,000 after buying an additional 1,011,097 shares during the last quarter. BlackRock Inc. boosted its stake in Archer-Daniels-Midland by 6.0% in the second quarter. BlackRock Inc. now owns 41,607,665 shares of the company’s stock valued at $1,721,723,000 after buying an additional 2,359,196 shares during the last quarter. Macquarie Group Ltd. boosted its stake in Archer-Daniels-Midland by 1.2% in the first quarter. Macquarie Group Ltd. now owns 16,974,063 shares of the company’s stock valued at $781,486,000 after buying an additional 207,704 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Archer-Daniels-Midland by 23.1% in the second quarter. Victory Capital Management Inc. now owns 6,447,977 shares of the company’s stock valued at $266,817,000 after buying an additional 1,208,413 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Archer-Daniels-Midland by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 5,396,427 shares of the company’s stock valued at $223,276,000 after buying an additional 24,589 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

About Archer-Daniels-Midland

Analyst Recommendations for Archer-Daniels-Midland (NYSE:ADM)

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