Archer-Daniels-Midland Company (ADM) Receives New Coverage from Analysts at Robert W. Baird

Robert W. Baird initiated coverage on shares of Archer-Daniels-Midland Company (NYSE:ADM) in a research note released on Monday. The brokerage issued an outperform rating and a $50.00 price target on the stock.

A number of other brokerages also recently weighed in on ADM. Zacks Investment Research raised shares of Archer-Daniels-Midland from a sell rating to a hold rating in a research note on Friday, August 4th. BidaskClub raised shares of Archer-Daniels-Midland from a strong sell rating to a sell rating in a research note on Thursday, August 3rd. Stifel Nicolaus reaffirmed a hold rating and issued a $45.00 target price (up from $40.00) on shares of Archer-Daniels-Midland in a research note on Thursday, August 3rd. Credit Suisse Group reduced their price target on shares of Archer-Daniels-Midland from $45.00 to $42.00 and set a neutral rating on the stock in a research report on Thursday, August 31st. Finally, Piper Jaffray Companies set a $42.00 price target on shares of Archer-Daniels-Midland and gave the company a hold rating in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Archer-Daniels-Midland presently has a consensus rating of Hold and a consensus target price of $44.22.

Shares of Archer-Daniels-Midland (ADM) opened at 42.79 on Monday. The company has a market capitalization of $24.07 billion, a price-to-earnings ratio of 18.09 and a beta of 1.11. The firm’s 50-day moving average is $41.99 and its 200-day moving average is $42.97. Archer-Daniels-Midland has a 12-month low of $40.22 and a 12-month high of $47.88.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The business had revenue of $14.94 billion for the quarter, compared to the consensus estimate of $15.86 billion. Archer-Daniels-Midland had a net margin of 2.22% and a return on equity of 8.40%. Archer-Daniels-Midland’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period last year, the firm posted $0.41 earnings per share. On average, equities analysts predict that Archer-Daniels-Midland will post $2.60 EPS for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Thursday, August 17th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Tuesday, August 15th. Archer-Daniels-Midland’s payout ratio is currently 53.78%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Archer-Daniels-Midland by 2.3% in the second quarter. Vanguard Group Inc. now owns 44,408,946 shares of the company’s stock worth $1,837,642,000 after purchasing an additional 1,011,097 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Archer-Daniels-Midland by 6.0% in the second quarter. BlackRock Inc. now owns 41,607,665 shares of the company’s stock worth $1,721,723,000 after purchasing an additional 2,359,196 shares during the last quarter. Macquarie Group Ltd. grew its holdings in shares of Archer-Daniels-Midland by 1.2% in the first quarter. Macquarie Group Ltd. now owns 16,974,063 shares of the company’s stock worth $781,486,000 after purchasing an additional 207,704 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Archer-Daniels-Midland by 23.1% in the second quarter. Victory Capital Management Inc. now owns 6,447,977 shares of the company’s stock worth $266,817,000 after purchasing an additional 1,208,413 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Archer-Daniels-Midland by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 5,396,427 shares of the company’s stock worth $223,276,000 after purchasing an additional 24,589 shares during the last quarter. Institutional investors and hedge funds own 72.86% of the company’s stock.

Archer-Daniels-Midland Company Profile

Analyst Recommendations for Archer-Daniels-Midland (NYSE:ADM)

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