Archer-Daniels-Midland Company (NYSE:ADM – Get Free Report) saw some unusual options trading on Monday. Investors purchased 10,468 call options on the company. This is an increase of 85% compared to the typical volume of 5,658 call options.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on ADM. Citigroup boosted their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Barclays decreased their price target on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a report on Monday, February 24th. BMO Capital Markets cut their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Morgan Stanley cut their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Finally, Stephens cut their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat, Archer-Daniels-Midland has a consensus rating of “Hold” and a consensus price target of $54.89.
Read Our Latest Analysis on ADM
Institutional Trading of Archer-Daniels-Midland
Large investors have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC purchased a new stake in Archer-Daniels-Midland in the 3rd quarter valued at $26,000. Peterson Financial Group Inc. purchased a new stake in Archer-Daniels-Midland in the 3rd quarter valued at $28,000. Fairway Wealth LLC purchased a new stake in Archer-Daniels-Midland in the 4th quarter valued at $25,000. Raleigh Capital Management Inc. grew its holdings in Archer-Daniels-Midland by 179.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after buying an additional 357 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in Archer-Daniels-Midland in the 4th quarter valued at $28,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.
Archer-Daniels-Midland Stock Down 3.9 %
Shares of ADM opened at $48.62 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. Archer-Daniels-Midland has a one year low of $44.92 and a one year high of $66.08. The stock has a market capitalization of $23.33 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 1.54 and a beta of 0.67. The stock has a 50 day moving average price of $48.80 and a 200 day moving average price of $53.35.
Archer-Daniels-Midland (NYSE:ADM – Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $22.77 billion. During the same period in the previous year, the business earned $1.36 earnings per share. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. Equities research analysts forecast that Archer-Daniels-Midland will post 4.31 earnings per share for the current fiscal year.
Archer-Daniels-Midland Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.51 dividend. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 4.20%. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio is presently 56.51%.
Archer-Daniels-Midland announced that its Board of Directors has initiated a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.
About Archer-Daniels-Midland
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.
Further Reading
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