Insider Buying: Archer Daniels Midland Co (ADM) CFO Buys $99,435.00 in Stock

Archer Daniels Midland Co (NYSE:ADM) CFO Ray G. Young purchased 2,100 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were purchased at an average cost of $47.35 per share, for a total transaction of $99,435.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

NYSE:ADM opened at $48.26 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.91 and a current ratio of 1.67. Archer Daniels Midland Co has a 52-week low of $38.59 and a 52-week high of $52.06. The firm has a market cap of $27.08 billion, a P/E ratio of 19.86 and a beta of 0.97.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, November 6th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09. Archer Daniels Midland had a return on equity of 10.45% and a net margin of 3.54%. The company had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.72 billion. During the same period in the previous year, the company posted $0.45 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Research analysts forecast that Archer Daniels Midland Co will post 3.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 23rd will be paid a dividend of $0.335 per share. The ex-dividend date is Wednesday, November 21st. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.78%. Archer Daniels Midland’s payout ratio is 55.14%.

A number of research analysts have recently commented on the company. Argus raised Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Thursday. Cleveland Research reaffirmed a “hold” rating on shares of Archer Daniels Midland in a research report on Monday, October 1st. BMO Capital Markets upped their price target on Archer Daniels Midland from $45.00 to $50.00 and gave the company a “market perform” rating in a research report on Wednesday, August 1st. Buckingham Research upped their price target on Archer Daniels Midland from $53.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, August 1st. Finally, Morgan Stanley upped their price target on Archer Daniels Midland from $33.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, August 3rd. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Archer Daniels Midland has a consensus rating of “Buy” and an average target price of $49.67.

Large investors have recently added to or reduced their stakes in the stock. Donald L. Hagan LLC increased its stake in Archer Daniels Midland by 3.7% in the 2nd quarter. Donald L. Hagan LLC now owns 30,240 shares of the company’s stock worth $1,386,000 after acquiring an additional 1,078 shares during the last quarter. Raymond James Trust N.A. increased its stake in Archer Daniels Midland by 12.8% in the 3rd quarter. Raymond James Trust N.A. now owns 9,653 shares of the company’s stock worth $485,000 after acquiring an additional 1,097 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Archer Daniels Midland by 1.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 75,246 shares of the company’s stock worth $3,450,000 after acquiring an additional 1,119 shares during the last quarter. Heritage Investors Management Corp increased its stake in Archer Daniels Midland by 0.5% in the 3rd quarter. Heritage Investors Management Corp now owns 236,999 shares of the company’s stock worth $11,914,000 after acquiring an additional 1,120 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Archer Daniels Midland by 6.5% in the 3rd quarter. American Century Companies Inc. now owns 18,422 shares of the company’s stock worth $926,000 after acquiring an additional 1,130 shares during the last quarter. Institutional investors own 76.07% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Insider Buying: Archer Daniels Midland Co (ADM) CFO Buys $99,435.00 in Stock” was reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://www.thelincolnianonline.com/2018/11/10/insider-buying-archer-daniels-midland-co-adm-cfo-buys-99435-00-in-stock.html.

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.

Recommended Story: What is Cost of Debt?

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

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.

Leave a Reply