Robert W. Baird Begins Coverage on Archer-Daniels-Midland Company (ADM)
Robert W. Baird began coverage on shares of Archer-Daniels-Midland Company (NYSE:ADM) in a research report sent to investors on Monday morning, MarketBeat Ratings reports. The firm issued an outperform rating and a $50.00 price objective on the stock.
Other analysts also recently issued research reports about the company. Zacks Investment Research downgraded Archer-Daniels-Midland from a hold rating to a sell rating in a research note on Wednesday, July 12th. Vetr upgraded Archer-Daniels-Midland from a buy rating to a strong-buy rating and set a $46.76 price target for the company in a research note on Wednesday, May 31st. BidaskClub upgraded Archer-Daniels-Midland from a strong sell rating to a sell rating in a research note on Thursday, August 3rd. Citigroup Inc. reissued a buy rating on shares of Archer-Daniels-Midland in a research report on Wednesday, July 12th. Finally, Stifel Nicolaus reissued a hold rating and set a $45.00 price objective (up previously from $40.00) on shares of Archer-Daniels-Midland in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Archer-Daniels-Midland presently has a consensus rating of Hold and a consensus price target of $44.22.
Shares of Archer-Daniels-Midland (ADM) opened at 43.45 on Monday. Archer-Daniels-Midland has a one year low of $40.22 and a one year high of $47.88. The stock has a market capitalization of $24.44 billion, a P/E ratio of 18.37 and a beta of 1.11. The company’s 50 day moving average price is $42.15 and its 200 day moving average price is $42.96.
Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.05. The company had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $15.86 billion. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The firm’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 EPS. On average, equities analysts expect that Archer-Daniels-Midland will post $2.60 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th were paid a $0.32 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $1.28 annualized dividend and a dividend yield of 2.95%. Archer-Daniels-Midland’s dividend payout ratio is currently 53.78%.
Several hedge funds have recently added to or reduced their stakes in the company. Barings LLC grew its position in Archer-Daniels-Midland by 43.2% during the 1st quarter. Barings LLC now owns 184,204 shares of the company’s stock worth $8,481,000 after acquiring an additional 55,566 shares during the last quarter. Renaissance Group LLC grew its position in Archer-Daniels-Midland by 14.4% during the 2nd quarter. Renaissance Group LLC now owns 52,731 shares of the company’s stock worth $2,182,000 after acquiring an additional 6,618 shares during the last quarter. Dupont Capital Management Corp grew its position in Archer-Daniels-Midland by 34.5% during the 2nd quarter. Dupont Capital Management Corp now owns 57,903 shares of the company’s stock worth $2,396,000 after acquiring an additional 14,849 shares during the last quarter. Prudential Financial Inc. grew its position in Archer-Daniels-Midland by 86.5% during the 2nd quarter. Prudential Financial Inc. now owns 2,082,100 shares of the company’s stock worth $86,157,000 after acquiring an additional 965,900 shares during the last quarter. Finally, Homrich & Berg grew its position in Archer-Daniels-Midland by 11.7% during the 2nd quarter. Homrich & Berg now owns 16,299 shares of the company’s stock worth $674,000 after acquiring an additional 1,709 shares during the last quarter. Institutional investors own 72.86% of the company’s stock.
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