Archer-Daniels-Midland (NYSE:ADM) Trading 5.5% Higher - What's Next?

Shares of Archer-Daniels-Midland Company (NYSE:ADM - Get Free Report) rose 5.5% on Thursday . The stock traded as high as $48.07 and last traded at $48.32. Approximately 2,509,563 shares changed hands during trading, a decline of 27% from the average daily volume of 3,448,902 shares. The stock had previously closed at $45.80.

Analyst Upgrades and Downgrades

ADM has been the topic of several research analyst reports. Morgan Stanley dropped their target price on shares of 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. Citigroup upped their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 4th. Stephens dropped their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Barclays reduced their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a research report on Monday, February 24th. Finally, BMO Capital Markets cut their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $54.89.

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Archer-Daniels-Midland Trading Up 4.2 %

The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The business's 50-day moving average price is $48.83 and its 200 day moving average price is $53.50. The company has a market cap of $24.70 billion, a P/E ratio of 14.26, a P/E/G ratio of 1.54 and a beta of 0.67.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.07. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.36 earnings per share. As a group, analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Tuesday, February 18th. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. Archer-Daniels-Midland's dividend payout ratio (DPR) is currently 56.51%.

Archer-Daniels-Midland declared that its board has authorized a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Institutional Investors Weigh In On Archer-Daniels-Midland

Institutional investors have recently made changes to their positions in the company. Fairway Wealth LLC acquired a new position in Archer-Daniels-Midland in the 4th quarter valued at $25,000. Ashton Thomas Securities LLC bought a new stake in Archer-Daniels-Midland in the 3rd quarter valued at about $26,000. Peterson Financial Group Inc. bought a new position in shares of Archer-Daniels-Midland during the third quarter worth approximately $28,000. Raleigh Capital Management Inc. raised its position in shares of Archer-Daniels-Midland by 179.4% in the fourth 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 acquired a new position in Archer-Daniels-Midland in the 4th quarter valued at $28,000. 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.