Archer-Daniels-Midland Company (NYSE:ADM) had its price objective trimmed by Monness Crespi & Hardt from $38.00 to $37.00 in a report released on Wednesday. The brokerage currently has a sell rating on the stock.
A number of other research analysts have also weighed in on the company. Piper Jaffray Companies set a $39.00 target price on Archer-Daniels-Midland and gave the company a hold rating in a report on Tuesday. Stifel Nicolaus set a $45.00 target price on Archer-Daniels-Midland and gave the company a hold rating in a report on Wednesday. Zacks Investment Research raised Archer-Daniels-Midland from a sell rating to a hold rating in a report on Tuesday, October 24th. Citigroup Inc. lowered Archer-Daniels-Midland from a buy rating to a neutral rating and lifted their target price for the company from $42.25 to $45.00 in a report on Thursday, September 28th. Finally, Robert W. Baird assumed coverage on Archer-Daniels-Midland in a report on Monday, September 11th. They set an outperform rating and a $50.00 target price for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $41.53.
Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, October 31st. The company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.10). The company had revenue of $14.83 billion for the quarter, compared to analysts’ expectations of $16 billion. Archer-Daniels-Midland had a net margin of 2.01% and a return on equity of 7.86%. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 EPS.
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The company also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Thursday, November 16th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.13%. Archer-Daniels-Midland’s payout ratio is 59.81%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Enterprise Financial Services Corp grew its stake in shares of Archer-Daniels-Midland by 17.7% in the second quarter. Enterprise Financial Services Corp now owns 2,526 shares of the company’s stock worth $105,000 after acquiring an additional 380 shares during the last quarter. Manchester Capital Management LLC grew its stake in shares of Archer-Daniels-Midland by 28.3% in the second quarter. Manchester Capital Management LLC now owns 2,718 shares of the company’s stock worth $112,000 after acquiring an additional 600 shares during the last quarter. Carroll Financial Associates Inc. grew its stake in shares of Archer-Daniels-Midland by 24.7% in the second quarter. Carroll Financial Associates Inc. now owns 3,854 shares of the company’s stock worth $159,000 after acquiring an additional 764 shares during the last quarter. V Wealth Management LLC grew its stake in shares of Archer-Daniels-Midland by 0.5% in the second quarter. V Wealth Management LLC now owns 4,486 shares of the company’s stock worth $184,000 after acquiring an additional 22 shares during the last quarter. Finally, Exane Derivatives grew its stake in shares of Archer-Daniels-Midland by 575.0% in the second quarter. Exane Derivatives now owns 4,509 shares of the company’s stock worth $187,000 after acquiring an additional 3,841 shares during the last quarter. 72.57% of the stock is currently owned by hedge funds and other institutional investors.
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