Archer-Daniels-Midland (NYSE:ADM) Price Target Lowered to $47.00 at Morgan Stanley

Archer-Daniels-Midland (NYSE:ADM - Free Report) had its price objective cut by Morgan Stanley from $52.00 to $47.00 in a research note released on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research firms also recently issued reports on ADM. Barclays cut their price objective on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an "underweight" rating on the stock in a report on Tuesday, January 21st. Citigroup lifted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, December 4th. Bank of America cut their price target on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a report on Tuesday. BMO Capital Markets cut their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Finally, Stephens cut their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $55.11.

Archer-Daniels-Midland Stock Up 0.9 %

ADM stock traded up $0.41 during midday trading on Tuesday, reaching $46.12. 2,155,880 shares of the company's stock traded hands, compared to its average volume of 3,614,188. The company has a market cap of $22.07 billion, a price-to-earnings ratio of 12.77 and a beta of 0.72. The firm's fifty day moving average price is $50.16 and its 200-day moving average price is $54.95. The company has a quick ratio of 0.84, a current ratio of 5.44 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland has a 52 week low of $44.92 and a 52 week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.07. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.36 EPS. As a group, sell-side analysts forecast that Archer-Daniels-Midland will post 4.53 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.04 annualized dividend and a yield of 4.42%. This is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.50. Archer-Daniels-Midland's dividend payout ratio is currently 55.40%.

Archer-Daniels-Midland declared that its board has initiated a share repurchase program on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Hedge Funds Weigh In On Archer-Daniels-Midland

Several institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP increased its holdings in shares of Archer-Daniels-Midland by 27.9% during the fourth quarter. Quarry LP now owns 59,325 shares of the company's stock valued at $2,997,000 after acquiring an additional 12,923 shares in the last quarter. Oxford Asset Management LLP boosted its position in Archer-Daniels-Midland by 27.0% in the fourth quarter. Oxford Asset Management LLP now owns 8,697 shares of the company's stock worth $439,000 after purchasing an additional 1,850 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Archer-Daniels-Midland by 23.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 87,557 shares of the company's stock valued at $4,423,000 after buying an additional 16,712 shares in the last quarter. MGO One Seven LLC lifted its position in shares of Archer-Daniels-Midland by 9.8% during the 4th quarter. MGO One Seven LLC now owns 8,272 shares of the company's stock valued at $418,000 after buying an additional 738 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Archer-Daniels-Midland by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 695,065 shares of the company's stock valued at $35,115,000 after buying an additional 15,573 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

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.