Archer Daniels Midland (NYSE:ADM) Director David Mcatee II Acquires 2,800 Shares of Stock

Archer Daniels Midland Company (NYSE:ADM) Director David Mcatee II bought 2,800 shares of the stock in a transaction on Thursday, November 5th. The stock was acquired at an average price of $70.27 per share, with a total value of $196,756.00. Following the completion of the acquisition, the director owned 2,800 shares of the company’s stock, valued at $196,756. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Archer Daniels Midland Price Performance

Archer Daniels Midland stock opened at $69.93 on Tuesday. The stock has a market capitalization of $33.28 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 2.07 and a beta of 0.63. Archer Daniels Midland Company has a 52-week low of $55.58 and a 52-week high of $88.75. The stock’s 50 day moving average price is $80.86 and its two-hundred day moving average price is $76.56. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.86 and a current ratio of 1.45.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.60 by $0.17. The company had revenue of $22.34 billion during the quarter, compared to the consensus estimate of $23.27 billion. Archer Daniels Midland had a net margin of 2.95% and a return on equity of 10.84%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. On average, equities analysts predict that Archer Daniels Midland Company will post 5.72 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

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

Analyst Upgrades and Downgrades

ADM has been the topic of several research reports. JPMorgan Chase & Co. upgraded shares of Archer Daniels Midland from an “underweight” rating to a “neutral” rating and set a $75.00 price objective on the stock in a report on Wednesday, November 4th. Morgan Stanley upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $60.00 to $79.00 in a research note on Wednesday, August 5th. William Blair assumed coverage on Archer Daniels Midland in a research note on Tuesday, September 15th. They issued a “buy” rating for the company. Zacks Research lowered Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Weiss Ratings downgraded Archer Daniels Midland from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 28th. Two equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $80.25.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Archer Daniels Midland during the second quarter worth about $3,409,089,000. Bank of New York Mellon Corp acquired a new stake in shares of Archer Daniels Midland in the 2nd quarter worth about $257,394,000. Legal & General Group Plc bought a new position in Archer Daniels Midland in the 2nd quarter valued at about $198,233,000. Bank of America Corp DE bought a new position in Archer Daniels Midland in the 2nd quarter valued at about $180,096,000. Finally, Deutsche Bank AG acquired a new position in Archer Daniels Midland during the 2nd quarter valued at about $178,087,000. 78.28% of the stock is owned by institutional investors.

About Archer Daniels Midland

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.