Archer-Daniels-Midland (NYSE:ADM) Sets New 52-Week Low - Here's Why

Archer-Daniels-Midland Company (NYSE:ADM - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $40.98 and last traded at $44.35, with a volume of 5981731 shares changing hands. The stock had previously closed at $41.79.

Analysts Set New Price Targets

ADM has been the topic of several recent research reports. Morgan Stanley decreased their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. BMO Capital Markets lowered their price objective on shares of 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. Barclays dropped their price objective 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. Citigroup reduced their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, Bank of America raised Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and set a $47.00 target price for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, Archer-Daniels-Midland currently has an average rating of "Hold" and a consensus target price of $52.75.

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Archer-Daniels-Midland Stock Down 1.3 %

The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The firm has a 50 day simple moving average of $46.52 and a 200-day simple moving average of $50.81. The stock has a market cap of $21.98 billion, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.07. The firm had revenue of $21.50 billion during 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 last year, the business posted $1.36 earnings per share. On average, equities research analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a $0.51 dividend. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.04 annualized dividend and a yield of 4.45%. Archer-Daniels-Midland's payout ratio is 56.51%.

Institutional Investors Weigh In On Archer-Daniels-Midland

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Monarch Capital Management Inc. increased its stake in Archer-Daniels-Midland by 28.4% during the 1st quarter. Monarch Capital Management Inc. now owns 15,510 shares of the company's stock worth $745,000 after acquiring an additional 3,430 shares during the period. Sarasin & Partners LLP acquired a new stake in Archer-Daniels-Midland during the first quarter worth about $1,200,000. Handelsbanken Fonder AB bought a new position in Archer-Daniels-Midland in the 1st quarter valued at about $1,183,000. SG Americas Securities LLC acquired a new position in shares of Archer-Daniels-Midland in the 1st quarter valued at approximately $333,000. Finally, GAMMA Investing LLC boosted its position in shares of Archer-Daniels-Midland by 52.8% during the 1st quarter. GAMMA Investing LLC now owns 11,222 shares of the company's stock worth $539,000 after acquiring an additional 3,880 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

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.