BMO Capital Markets Has Lowered Expectations for Archer-Daniels-Midland (NYSE:ADM) Stock Price

Archer-Daniels-Midland (NYSE:ADM) had its price objective decreased by BMO Capital Markets from $55.00 to $51.00 in a research report sent to investors on Wednesday,Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

Several other equities research analysts also recently issued reports on ADM. Morgan Stanley cut their price objective on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. Barclays lowered their target price on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating on the stock in a report on Wednesday. Finally, UBS Group raised their target price on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. One analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $61.08.

Archer-Daniels-Midland Trading Down 2.6 %

Shares of NYSE:ADM opened at $51.77 on Wednesday. Archer-Daniels-Midland has a 52-week low of $48.92 and a 52-week high of $77.35. The company has a market capitalization of $24.77 billion, a P/E ratio of 14.79 and a beta of 0.72. The company has a 50-day simple moving average of $55.48 and a 200 day simple moving average of $59.07. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.86%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 57.14%.

Hedge Funds Weigh In On Archer-Daniels-Midland

A number of hedge funds have recently modified their holdings of the business. State Street Corp lifted its holdings in shares of Archer-Daniels-Midland by 3.3% during the third quarter. State Street Corp now owns 32,045,672 shares of the company’s stock worth $1,914,408,000 after purchasing an additional 1,018,256 shares during the period. Wellington Management Group LLP lifted its holdings in Archer-Daniels-Midland by 41.5% in the third quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock valued at $1,160,755,000 after buying an additional 5,702,451 shares during the period. Pacer Advisors Inc. lifted its holdings in Archer-Daniels-Midland by 6.4% in the third quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock valued at $483,084,000 after buying an additional 489,554 shares during the period. FMR LLC lifted its holdings in Archer-Daniels-Midland by 33.9% in the third quarter. FMR LLC now owns 3,979,867 shares of the company’s stock valued at $237,757,000 after buying an additional 1,007,494 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Archer-Daniels-Midland by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,607,843 shares of the company’s stock valued at $215,533,000 after buying an additional 63,883 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

About Archer-Daniels-Midland

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.