Archer Daniels Midland Co (NYSE:ADM) announced a quarterly dividend on Thursday, August 8th, Zacks reports. Stockholders of record on Thursday, August 22nd will be given a dividend of 0.35 per share on Thursday, September 12th. This represents a $1.40 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Wednesday, August 21st.
Archer Daniels Midland has increased its dividend by an average of 6.2% annually over the last three years and has increased its dividend annually for the last 43 consecutive years. Archer Daniels Midland has a dividend payout ratio of 40.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Archer Daniels Midland to earn $3.55 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 39.4%.
ADM opened at $37.84 on Monday. Archer Daniels Midland has a one year low of $36.45 and a one year high of $52.06. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.55 and a quick ratio of 0.89. The company’s 50 day simple moving average is $40.25 and its 200-day simple moving average is $41.46. The stock has a market capitalization of $20.47 billion, a P/E ratio of 10.81 and a beta of 1.05.
Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). The business had revenue of $16.30 billion during the quarter, compared to the consensus estimate of $16.79 billion. Archer Daniels Midland had a net margin of 2.08% and a return on equity of 8.53%. Archer Daniels Midland’s revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.02 earnings per share. As a group, analysts anticipate that Archer Daniels Midland will post 2.86 EPS for the current year.
ADM has been the subject of a number of analyst reports. ValuEngine downgraded shares of Archer Daniels Midland from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Robert W. Baird reissued an “outperform” rating and set a $48.00 target price (down from $54.00) on shares of Archer Daniels Midland in a research note on Monday, April 29th. Stifel Nicolaus lowered their price objective on shares of Archer Daniels Midland from $56.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. BMO Capital Markets upgraded shares of Archer Daniels Midland from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $50.00 to $51.00 in a report on Monday, April 29th. Finally, Buckingham Research lowered their target price on shares of Archer Daniels Midland from $53.00 to $51.00 and set a “buy” rating for the company in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Archer Daniels Midland currently has an average rating of “Hold” and a consensus target price of $49.71.
In related news, CFO Ray G. Young bought 3,400 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was acquired at an average cost of $36.74 per share, for a total transaction of $124,916.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Juan R. Luciano bought 5,457 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average price of $36.65 per share, with a total value of $199,999.05. The disclosure for this purchase can be found here. 1.11% of the stock is currently owned by company insiders.
About Archer Daniels Midland
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.
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