Key Points
- Director David Mcatee II bought 2,800 ADM shares at an average price of $70.27, a total investment of $196,756; the purchase was disclosed in an SEC filing.
- ADM reported quarterly EPS of $1.77, beating the $1.60 consensus, while revenue of $22.34 billion fell short of expectations. Revenue rose 9.6% year over year.
- The company announced a quarterly dividend of $0.52 per share, equivalent to $2.08 annually and a 3.0% yield. Analysts’ consensus rating was Hold, with an average price target of $80.25.
Archer Daniels Midland Company (NYSE:ADM - Get Free Report) Director David Mcatee II bought 2,800 shares of the business's stock in a transaction that occurred on Thursday, November 5th. The shares were bought at an average cost of $70.27 per share, for a total transaction of $196,756.00. Following the transaction, the director owned 2,800 shares of the company's stock, valued at $196,756. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Archer Daniels Midland Trading Down 0.1%
Shares of Archer Daniels Midland stock opened at $69.93 on Tuesday. The company has a market capitalization of $33.28 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 2.07 and a beta of 0.63. The stock has a fifty day simple moving average of $80.86 and a 200 day simple moving average of $76.56. Archer Daniels Midland Company has a 12-month low of $55.58 and a 12-month high of $88.75. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.31.
Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.17. The business had revenue of $22.34 billion for the quarter, compared to analysts' expectations of $23.27 billion. Archer Daniels Midland had a return on equity of 10.84% and a net margin of 2.95%. The business's revenue was up 9.6% on a year-over-year basis. During the same period last year, the business earned $0.92 EPS. On average, sell-side analysts anticipate that Archer Daniels Midland Company will post 5.72 earnings per share for the current fiscal year.
Archer Daniels Midland Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Wednesday, November 18th will be issued a $0.52 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $2.08 annualized dividend and a dividend yield of 3.0%. Archer Daniels Midland's dividend payout ratio is currently 40.55%.
Institutional Investors Weigh In On Archer Daniels Midland
Several large investors have recently made changes to their positions in the business. Brendel Financial Advisors LLC increased its holdings in Archer Daniels Midland by 23.9% during the third quarter. Brendel Financial Advisors LLC now owns 56,160 shares of the company's stock worth $4,458,000 after buying an additional 10,827 shares during the last quarter. Intech Investment Management LLC raised its position in Archer Daniels Midland by 5.4% in the third quarter. Intech Investment Management LLC now owns 36,621 shares of the company's stock worth $2,907,000 after acquiring an additional 1,888 shares during the period. Thoroughbred Financial Services LLC purchased a new position in Archer Daniels Midland in the third quarter valued at about $252,000. Bessemer Group Inc. grew its position in shares of Archer Daniels Midland by 12.9% during the 3rd quarter. Bessemer Group Inc. now owns 18,376 shares of the company's stock valued at $1,460,000 after acquiring an additional 2,097 shares during the period. Finally, Hantz Financial Services Inc. increased its stake in shares of Archer Daniels Midland by 16.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,132 shares of the company's stock worth $169,000 after purchasing an additional 299 shares during the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on ADM shares. Zacks Research cut shares of Archer Daniels Midland from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. Barclays increased their price objective on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 5th. Jefferies Financial Group lifted their target price on shares of Archer Daniels Midland from $88.00 to $89.00 in a research report on Monday, October 19th. Stephens dropped their target price on shares of Archer Daniels Midland from $85.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Wednesday, November 4th. Finally, BMO Capital Markets boosted their target price on Archer Daniels Midland from $77.00 to $82.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 5th. Two investment 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, Archer Daniels Midland currently has a consensus rating of "Hold" and an average target price of $80.25.
View Our Latest Analysis on ADM
Archer Daniels Midland Company Profile
(
Get Free Report)
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.
Further Reading
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