Archer Daniels Midland Co (NYSE:ADM) reached a new 52-week high during trading on Monday . The stock traded as high as $47.30 and last traded at $47.30, with a volume of 15938 shares. The stock had previously closed at $46.89.
Several research firms have commented on ADM. Seaport Global Securities began coverage on shares of Archer Daniels Midland in a report on Tuesday, July 28th. They set a “buy” rating and a $51.00 price target for the company. Stephens initiated coverage on Archer Daniels Midland in a research report on Thursday, July 9th. They set a “buy” rating and a $52.00 price target on the stock. Stifel Nicolaus lowered their target price on shares of Archer Daniels Midland from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. ValuEngine cut shares of Archer Daniels Midland from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 30th. Finally, Barclays initiated coverage on shares of Archer Daniels Midland in a report on Tuesday, June 30th. They issued an “overweight” rating and a $52.00 target price for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Archer Daniels Midland currently has a consensus rating of “Hold” and an average target price of $44.67.
The company has a debt-to-equity ratio of 0.45, a current ratio of 1.72 and a quick ratio of 1.12. The stock has a 50-day simple moving average of $44.46 and a 200 day simple moving average of $39.16. The company has a market capitalization of $26.39 billion, a PE ratio of 15.07 and a beta of 0.96.
Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.34. Archer Daniels Midland had a return on equity of 10.81% and a net margin of 2.75%. The firm had revenue of $16.28 billion during the quarter, compared to the consensus estimate of $16.41 billion. During the same period in the previous year, the firm posted $0.60 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. As a group, research analysts predict that Archer Daniels Midland Co will post 3.1 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, August 18th. This represents a $1.44 annualized dividend and a dividend yield of 3.03%. Archer Daniels Midland’s dividend payout ratio is currently 44.44%.
In other Archer Daniels Midland news, SVP Gregory A. Morris sold 20,000 shares of Archer Daniels Midland stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $44.46, for a total value of $889,200.00. Following the completion of the sale, the senior vice president now owns 164,330 shares in the company, valued at approximately $7,306,111.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Pierre Dufour acquired 11,100 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were bought at an average cost of $44.75 per share, with a total value of $496,725.00. Following the purchase, the director now owns 18,800 shares in the company, valued at $841,300. The disclosure for this purchase can be found here. Insiders have sold a total of 29,754 shares of company stock valued at $1,328,902 over the last 90 days. Insiders own 1.27% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado grew its stake in shares of Archer Daniels Midland by 6.6% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 104,734 shares of the company’s stock valued at $3,685,000 after buying an additional 6,464 shares during the period. AE Wealth Management LLC boosted its holdings in Archer Daniels Midland by 37.9% in the first quarter. AE Wealth Management LLC now owns 8,340 shares of the company’s stock valued at $293,000 after acquiring an additional 2,294 shares during the last quarter. Bartlett & Co. LLC purchased a new stake in Archer Daniels Midland during the first quarter valued at about $73,000. Mackay Shields LLC increased its stake in Archer Daniels Midland by 2.4% during the first quarter. Mackay Shields LLC now owns 88,349 shares of the company’s stock worth $3,108,000 after acquiring an additional 2,107 shares during the last quarter. Finally, First Allied Advisory Services Inc. raised its holdings in shares of Archer Daniels Midland by 19.0% in the 1st quarter. First Allied Advisory Services Inc. now owns 6,260 shares of the company’s stock worth $220,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 76.67% of the company’s stock.
Archer Daniels Midland Company Profile (NYSE:ADM)
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.
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