Archer-Daniels-Midland (NYSE:ADM) Reaches New 1-Year Low - Here's Why

Archer-Daniels-Midland Company (NYSE:ADM - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $49.48 and last traded at $49.87, with a volume of 437636 shares trading hands. The stock had previously closed at $55.30.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ADM shares. Citigroup cut their price target on Archer-Daniels-Midland from $64.00 to $63.00 and set a "neutral" rating on the stock in a report on Monday, July 15th. JPMorgan Chase & Co. boosted their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a "neutral" rating in a report on Wednesday, July 31st. Finally, UBS Group upped their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. One investment analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to data from MarketBeat.com, Archer-Daniels-Midland currently has an average rating of "Hold" and a consensus price target of $63.82.

Archer-Daniels-Midland Trading Down 6.0 %

The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The firm's 50-day simple moving average is $58.56 and its 200 day simple moving average is $60.24. The stock has a market capitalization of $24.86 billion, a P/E ratio of 10.44 and a beta of 0.73.

Archer-Daniels-Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 3.85%. Archer-Daniels-Midland's payout ratio is presently 40.16%.

Insiders Place Their Bets

In other news, CEO Juan R. Luciano sold 170,194 shares of the company's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total value of $10,298,438.94. Following the transaction, the chief executive officer now owns 265,210 shares in the company, valued at $16,047,857.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Juan R. Luciano sold 170,194 shares of the company's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total value of $10,298,438.94. Following the transaction, the chief executive officer now owns 265,210 shares in the company, valued at $16,047,857.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Juan R. Luciano sold 3,683 shares of the company's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total value of $224,663.00. 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 219,348 shares of company stock worth $13,296,833. Company insiders own 1.20% of the company's stock.

Institutional Investors Weigh In On Archer-Daniels-Midland

Several large investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new stake in Archer-Daniels-Midland during the third quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new stake in Archer-Daniels-Midland during the third quarter worth approximately $26,000. Riverview Trust Co bought a new stake in Archer-Daniels-Midland during the second quarter worth approximately $27,000. Altshuler Shaham Ltd bought a new stake in Archer-Daniels-Midland during the second quarter worth approximately $28,000. Finally, Crewe Advisors LLC acquired a new position in shares of Archer-Daniels-Midland during the first quarter worth approximately $30,000. Institutional investors 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.