Archer-Daniels-Midland Company (NYSE:ADM) SVP Joseph D. Taets sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, November 16th. The shares were sold at an average price of $50.15, for a total value of $1,504,500.00. Following the completion of the sale, the senior vice president now directly owns 190,554 shares of the company’s stock, valued at $9,556,283.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of ADM stock opened at $48.92 on Friday. The company has a market capitalization of $27.22 billion, a PE ratio of 17.29 and a beta of 0.87. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.01 and a current ratio of 1.64. Archer-Daniels-Midland Company has a 52-week low of $28.92 and a 52-week high of $52.05. The business’s fifty day moving average is $49.05 and its 200 day moving average is $43.33.
Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, November 3rd. The company reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.18. Archer-Daniels-Midland had a return on equity of 11.10% and a net margin of 2.53%. The business had revenue of $15.13 billion for the quarter, compared to analysts’ expectations of $16.69 billion. During the same quarter in the prior year, the firm earned $0.77 earnings per share. The firm’s revenue was down 9.6% on a year-over-year basis. On average, sell-side analysts forecast that Archer-Daniels-Midland Company will post 3.36 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $1.44 annualized dividend and a dividend yield of 2.94%. Archer-Daniels-Midland’s payout ratio is presently 44.44%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. IFM Investors Pty Ltd grew its stake in shares of Archer-Daniels-Midland by 9.2% in the third quarter. IFM Investors Pty Ltd now owns 43,529 shares of the company’s stock worth $2,024,000 after purchasing an additional 3,668 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Archer-Daniels-Midland by 16.0% in the third quarter. Envestnet Asset Management Inc. now owns 361,273 shares of the company’s stock worth $16,796,000 after purchasing an additional 49,770 shares during the last quarter. Brookstone Capital Management purchased a new stake in Archer-Daniels-Midland in the third quarter worth about $233,000. CX Institutional lifted its holdings in Archer-Daniels-Midland by 95.1% in the third quarter. CX Institutional now owns 552 shares of the company’s stock worth $26,000 after buying an additional 269 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Archer-Daniels-Midland by 8.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 179,303 shares of the company’s stock worth $8,334,000 after buying an additional 14,126 shares during the period. 65.07% of the stock is currently owned by institutional investors.
Several research firms recently weighed in on ADM. Cleveland Research raised Archer-Daniels-Midland from a “neutral” rating to a “buy” rating in a report on Monday, November 2nd. Argus lifted their price objective on Archer-Daniels-Midland from $49.00 to $55.00 in a report on Tuesday, November 3rd. Credit Suisse Group upgraded Archer-Daniels-Midland from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $44.00 to $46.00 in a research note on Monday, November 2nd. Barclays lifted their price target on Archer-Daniels-Midland from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, November 9th. Finally, ValuEngine lowered Archer-Daniels-Midland from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $50.27.
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 three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. It procures, stores, cleans, and transports agricultural raw materials, such as oilseeds, corn, wheat, milo, oats, rice, and barley.
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