Archer Daniels Midland (NYSE:ADM) Director Acquires $196,756.00 in Stock

Archer Daniels Midland Company (NYSE:ADM) Director David Mcatee II acquired 2,800 shares of the company’s stock in a transaction that occurred on Thursday, November 5th. The stock was purchased at an average price of $70.27 per share, for a total transaction of $196,756.00. Following the purchase, the director owned 2,800 shares of the company’s stock, valued at $196,756. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Archer Daniels Midland Stock Performance

NYSE ADM traded down $0.04 on Monday, hitting $69.93. 4,527,715 shares of the stock traded hands, compared to its average volume of 3,743,149. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.88 and a current ratio of 1.45. The business’s fifty day moving average is $81.09 and its two-hundred day moving average is $76.55. Archer Daniels Midland Company has a 12 month low of $55.58 and a 12 month high of $88.75. The firm has a market capitalization of $33.28 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 2.04 and a beta of 0.63.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Tuesday, November 3rd. The company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.17. Archer Daniels Midland had a return on equity of 10.84% and a net margin of 2.95%. The firm had revenue of $22.34 billion for the quarter, compared to analyst estimates of $23.27 billion. During the same period in the previous year, the company posted $0.92 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. As a group, equities analysts anticipate that Archer Daniels Midland Company will post 5.72 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Wednesday, November 18th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Wednesday, November 18th. Archer Daniels Midland’s dividend payout ratio is presently 40.55%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ADM shares. Stephens reduced their price objective on shares of Archer Daniels Midland from $85.00 to $75.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 4th. Jefferies Financial Group increased their target price on Archer Daniels Midland from $88.00 to $89.00 in a research report on Monday, October 19th. BMO Capital Markets raised their price target on Archer Daniels Midland from $77.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, August 5th. William Blair began coverage on Archer Daniels Midland in a research report on Tuesday, September 15th. They issued a “buy” rating for the company. Finally, Barclays increased their target price on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $80.25.

Institutional Trading of Archer Daniels Midland

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Archer Daniels Midland in the 2nd quarter worth about $3,409,089,000. Bank of New York Mellon Corp purchased a new position in Archer Daniels Midland during the 2nd quarter valued at about $257,394,000. Legal & General Group Plc bought a new stake in Archer Daniels Midland during the second quarter worth about $198,233,000. Bank of America Corp DE bought a new stake in Archer Daniels Midland during the second quarter worth about $180,096,000. Finally, Deutsche Bank AG purchased a new stake in Archer Daniels Midland in the second quarter worth about $178,087,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Company Profile

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural supply chain and food ingredient company. It sources, transports, stores and processes crops, connecting farmers with food, feed, fuel and industrial markets.

ADM processes commodities such as corn, oilseeds and wheat into products including vegetable oils, protein meals, flour, starches, sweeteners and other food ingredients. Its businesses also supply ingredients and solutions for human and animal nutrition, as well as products used in biofuels and other industrial applications.

Founded in 1902, the company has grown from a linseed-processing business into an international enterprise serving customers across a wide range of markets and geographies.