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.
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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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