Archer Daniels Midland Co (ADM) VP Sells $209,604.20 in Stock

Archer Daniels Midland Co (NYSE:ADM) VP John P. Stott sold 4,243 shares of the business’s stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $49.40, for a total transaction of $209,604.20. Following the completion of the sale, the vice president now directly owns 35,385 shares in the company, valued at approximately $1,748,019. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Archer Daniels Midland opened at $49.95 on Friday, MarketBeat Ratings reports. The firm has a market capitalization of $27.62 billion, a P/E ratio of 20.56 and a beta of 1.03. The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. Archer Daniels Midland Co has a 12-month low of $38.59 and a 12-month high of $49.99.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, July 31st. The company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.25. Archer Daniels Midland had a net margin of 3.05% and a return on equity of 9.19%. The firm had revenue of $17.07 billion for the quarter, compared to analyst estimates of $15.48 billion. During the same quarter in the prior year, the business earned $0.57 earnings per share. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. equities analysts anticipate that Archer Daniels Midland Co will post 3.28 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 6th. Stockholders of record on Thursday, August 16th will be issued a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 2.68%. Archer Daniels Midland’s dividend payout ratio is currently 55.14%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Donald L. Hagan LLC raised its holdings in shares of Archer Daniels Midland by 3.7% during the second quarter. Donald L. Hagan LLC now owns 30,240 shares of the company’s stock valued at $1,386,000 after purchasing an additional 1,078 shares during the period. Blair William & Co. IL raised its holdings in shares of Archer Daniels Midland by 1.4% during the first quarter. Blair William & Co. IL now owns 81,209 shares of the company’s stock valued at $3,522,000 after purchasing an additional 1,144 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of Archer Daniels Midland by 71.1% during the second quarter. Steward Partners Investment Advisory LLC now owns 2,778 shares of the company’s stock valued at $127,000 after purchasing an additional 1,154 shares during the period. Brinker Capital Inc. raised its holdings in shares of Archer Daniels Midland by 0.9% during the first quarter. Brinker Capital Inc. now owns 126,461 shares of the company’s stock valued at $5,485,000 after purchasing an additional 1,185 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Archer Daniels Midland by 0.7% during the second quarter. Nisa Investment Advisors LLC now owns 179,573 shares of the company’s stock valued at $8,230,000 after purchasing an additional 1,221 shares during the period. Hedge funds and other institutional investors own 75.68% of the company’s stock.

ADM has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Wednesday, July 4th. JPMorgan Chase & Co. upgraded shares of Archer Daniels Midland from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $42.00 to $48.00 in a report on Monday, July 9th. Buckingham Research boosted their target price on shares of Archer Daniels Midland from $47.00 to $53.00 and gave the company a “buy” rating in a report on Monday, April 9th. Citigroup boosted their target price on shares of Archer Daniels Midland from $53.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, May 2nd. Finally, ValuEngine upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a report on Friday, April 13th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $47.62.

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. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.

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Insider Buying and Selling by Quarter for Archer Daniels Midland (NYSE:ADM)

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