Archer-Daniels-Midland (NYSE:ADM) Authorizes Share Repurchase Plan

Archer-Daniels-Midland (NYSE:ADM) announced that its board has initiated a share buyback program on Wednesday, December 11th, RTT News reports. The company plans to buyback 100,000,000 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts recently issued reports on ADM shares. UBS Group increased their target price on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Barclays dropped their target price on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating for the company in a research report on Wednesday, December 4th. Morgan Stanley dropped their target price on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. Stephens started coverage on shares of Archer-Daniels-Midland in a research report on Wednesday. They issued an “equal weight” rating and a $55.00 price objective for the company. Finally, BMO Capital Markets lowered their price objective on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating for the company in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of “Hold” and a consensus price target of $60.62.

Archer-Daniels-Midland Stock Performance

Archer-Daniels-Midland stock opened at $52.41 on Friday. The stock has a market cap of $25.08 billion, a P/E ratio of 14.91 and a beta of 0.72. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average of $54.64 and a 200-day moving average of $58.72. Archer-Daniels-Midland has a 52 week low of $48.92 and a 52 week high of $77.35.

Archer-Daniels-Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.82%. The ex-dividend date was Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 57.14%.

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.