Traders Buy Shares of Archer Daniels Midland (ADM) on Weakness
Investors purchased shares of Archer Daniels Midland Company (NYSE:ADM) on weakness during trading on Wednesday. $44.13 million flowed into the stock on the tick-up and $25.87 million flowed out of the stock on the tick-down, for a money net flow of $18.26 million into the stock. Of all stocks tracked, Archer Daniels Midland had the 30th highest net in-flow for the day. Archer Daniels Midland traded down ($1.72) for the day and closed at $40.05
Several analysts recently commented on ADM shares. Credit Suisse Group reduced their target price on shares of Archer Daniels Midland from $45.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, August 31st. Citigroup downgraded shares of Archer Daniels Midland from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $42.25 to $45.00 in a report on Thursday, September 28th. Robert W. Baird began coverage on shares of Archer Daniels Midland in a report on Monday, September 11th. They issued an “outperform” rating and a $50.00 price objective for the company. Piper Jaffray Companies set a $42.00 price objective on shares of Archer Daniels Midland and gave the company a “hold” rating in a report on Sunday, October 1st. Finally, Zacks Investment Research raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $42.22.
The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.91 and a current ratio of 1.61. The firm has a market capitalization of $23,432.59, a price-to-earnings ratio of 17.68 and a beta of 1.09.
Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.10). The business had revenue of $14.83 billion during the quarter, compared to the consensus estimate of $16 billion. Archer Daniels Midland had a net margin of 2.01% and a return on equity of 7.86%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 EPS. equities analysts predict that Archer Daniels Midland Company will post 2.35 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Wednesday, November 15th. Archer Daniels Midland’s dividend payout ratio is currently 59.81%.
Several large investors have recently modified their holdings of the company. AXA raised its position in shares of Archer Daniels Midland by 3.0% in the 3rd quarter. AXA now owns 123,600 shares of the company’s stock valued at $5,254,000 after buying an additional 3,600 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in shares of Archer Daniels Midland by 14.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 42,176 shares of the company’s stock valued at $1,793,000 after buying an additional 5,249 shares in the last quarter. Cambridge Financial Group Inc. raised its position in shares of Archer Daniels Midland by 4.1% in the 3rd quarter. Cambridge Financial Group Inc. now owns 132,985 shares of the company’s stock valued at $5,653,000 after buying an additional 5,264 shares in the last quarter. Smith Shellnut Wilson LLC ADV acquired a new position in shares of Archer Daniels Midland in the 3rd quarter valued at approximately $237,000. Finally, Fieldpoint Private Securities LLC acquired a new position in shares of Archer Daniels Midland in the 3rd quarter valued at approximately $188,000. Institutional investors own 76.22% of the company’s stock.
Archer Daniels Midland Company Profile
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