Barclays Cuts Archer-Daniels-Midland (NYSE:ADM) Price Target to $50.00

Archer-Daniels-Midland (NYSE:ADM) had its price objective cut by Barclays from $56.00 to $50.00 in a research report report published on Tuesday,Benzinga reports. They currently have an underweight rating on the stock.

Other research analysts also recently issued research reports about the stock. Citigroup boosted their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. BMO Capital Markets cut their price target on Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating for the company in a research note on Wednesday, December 4th. Bank of America lowered Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $63.00 to $54.00 in a report on Tuesday, January 14th. Stephens assumed coverage on Archer-Daniels-Midland in a report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 price target for the company. Finally, Morgan Stanley cut their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $56.89.

Archer-Daniels-Midland Stock Performance

ADM stock opened at $50.66 on Tuesday. The firm has a market cap of $24.24 billion, a PE ratio of 14.47 and a beta of 0.72. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average price of $51.68 and a 200-day moving average price of $56.60. Archer-Daniels-Midland has a 1-year low of $48.40 and a 1-year high of $66.08.

Archer-Daniels-Midland Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 3.95%. Archer-Daniels-Midland’s payout ratio is presently 57.14%.

Archer-Daniels-Midland announced that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. State Street Corp boosted its stake in Archer-Daniels-Midland by 3.3% in the 3rd 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 in the last quarter. Wellington Management Group LLP raised its holdings in Archer-Daniels-Midland by 41.5% in the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock worth $1,160,755,000 after purchasing an additional 5,702,451 shares during the period. Pacer Advisors Inc. grew its stake in Archer-Daniels-Midland by 28.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock valued at $524,531,000 after acquiring an additional 2,296,193 shares during the period. FMR LLC increased its stake in shares of Archer-Daniels-Midland by 33.9% during the third quarter. FMR LLC now owns 3,979,867 shares of the company’s stock worth $237,757,000 after purchasing an additional 1,007,494 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Archer-Daniels-Midland by 1.8% during 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 acquiring an additional 63,883 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Company Profile

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.