Archer-Daniels-Midland Company (NYSE:ADM – Get Free Report) CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Archer-Daniels-Midland Stock Performance
NYSE:ADM opened at $59.49 on Friday. The company has a market capitalization of $29.41 billion, a PE ratio of 10.44 and a beta of 0.72. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $80.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. The company has a 50 day simple moving average of $61.27 and a two-hundred day simple moving average of $60.44.
Archer-Daniels-Midland (NYSE:ADM – Get Free Report) last released its earnings results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.19). Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The business had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $23.12 billion. During the same quarter in the previous year, the firm earned $1.89 earnings per share. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. Research analysts anticipate that Archer-Daniels-Midland Company will post 5.47 earnings per share for the current year.
Archer-Daniels-Midland Announces Dividend
Institutional Trading of Archer-Daniels-Midland
Hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in shares of Archer-Daniels-Midland by 50.3% during the fourth quarter. Victory Capital Management Inc. now owns 414,643 shares of the company’s stock valued at $29,946,000 after acquiring an additional 138,806 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Archer-Daniels-Midland by 33.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 293,179 shares of the company’s stock valued at $21,173,000 after purchasing an additional 72,781 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in shares of Archer-Daniels-Midland by 3.5% during the fourth quarter. Natixis Advisors L.P. now owns 218,514 shares of the company’s stock valued at $15,781,000 after purchasing an additional 7,291 shares in the last quarter. Merit Financial Group LLC lifted its holdings in shares of Archer-Daniels-Midland by 8.8% during the fourth quarter. Merit Financial Group LLC now owns 3,145 shares of the company’s stock valued at $227,000 after purchasing an additional 255 shares in the last quarter. Finally, Axxcess Wealth Management LLC bought a new position in Archer-Daniels-Midland in the fourth quarter valued at about $266,000. Institutional investors own 78.28% of the company’s stock.
Wall Street Analysts Forecast Growth
ADM has been the topic of a number of research analyst reports. Citigroup decreased their price objective on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. JPMorgan Chase & Co. increased their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. According to MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of “Hold” and an average price target of $64.62.
Read Our Latest Report on Archer-Daniels-Midland
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.
Featured Articles
- Five stocks we like better than Archer-Daniels-Midland
- What is a Secondary Public Offering? What Investors Need to Know
- Does GTA VI Make Take-Two Interactive Stock an Irresistible Buy?
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Why HPE’s Dip Is a Prime Opportunity for Blue-Chip AI Investors
- Stock Sentiment Analysis: How it Works
- Why Analysts See Big Upside for Occidental Petroleum Despite Lows
Receive News & Ratings for Archer-Daniels-Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer-Daniels-Midland and related companies with MarketBeat.com's FREE daily email newsletter.