Morgan Stanley Cuts Archer-Daniels-Midland (NYSE:ADM) Price Target to $52.00

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) had its price objective lowered by research analysts at Morgan Stanley from $57.00 to $52.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Morgan Stanley's price target points to a potential upside of 0.15% from the stock's current price.

A number of other brokerages have also recently issued reports on ADM. UBS Group lifted their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a "neutral" rating in a report on Monday, September 9th. JPMorgan Chase & Co. increased their target price on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a "neutral" rating in a report on Wednesday, July 31st. Finally, Citigroup dropped their target price on Archer-Daniels-Midland from $64.00 to $63.00 and set a "neutral" rating for the company in a research report on Monday, July 15th. One research analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $62.83.

Archer-Daniels-Midland Stock Down 0.8 %

Shares of ADM traded down $0.44 during trading hours on Tuesday, reaching $51.92. The company's stock had a trading volume of 1,564,422 shares, compared to its average volume of 4,251,416. The company has a 50 day moving average of $57.89 and a two-hundred day moving average of $59.98. Archer-Daniels-Midland has a 1-year low of $48.92 and a 1-year high of $77.35. The firm has a market cap of $24.83 billion, a price-to-earnings ratio of 10.51 and a beta of 0.73. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37.

Insider Buying and Selling

In related news, CEO Juan R. Luciano sold 45,471 shares of the company's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the completion of the transaction, the chief executive officer now owns 265,210 shares in the company, valued at $16,177,810. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the firm's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $61.00, for a total value of $2,773,731.00. Following the transaction, the chief executive officer now directly owns 265,210 shares of the company's stock, valued at $16,177,810. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Juan R. Luciano sold 3,683 shares of the firm's stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,177,810. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 219,348 shares of company stock valued at $13,296,833 over the last 90 days. Corporate insiders own 1.20% of the company's stock.

Hedge Funds Weigh In On Archer-Daniels-Midland

A number of institutional investors and hedge funds have recently modified their holdings of ADM. Kingsview Wealth Management LLC purchased a new stake in shares of Archer-Daniels-Midland in the third quarter valued at about $2,098,000. Cerity Partners LLC raised its stake in Archer-Daniels-Midland by 56.3% during the third quarter. Cerity Partners LLC now owns 72,038 shares of the company's stock worth $4,304,000 after purchasing an additional 25,954 shares during the period. CFS Investment Advisory Services LLC purchased a new position in shares of Archer-Daniels-Midland in the 3rd quarter valued at $1,526,000. Raymond James Trust N.A. grew its holdings in Archer-Daniels-Midland by 7.4% during the 3rd quarter. Raymond James Trust N.A. now owns 9,202 shares of the company's stock worth $550,000 after acquiring an additional 637 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Archer-Daniels-Midland by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,607,843 shares of the company's stock valued at $215,533,000 after purchasing an additional 63,883 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Archer-Daniels-Midland Company Profile

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.