Insider Selling: Archer Daniels Midland Co (ADM) VP Sells 2,500 Shares of Stock
Archer Daniels Midland Co (NYSE:ADM) VP John P. Stott sold 2,500 shares of the company’s stock in a transaction on Monday, October 8th. The stock was sold at an average price of $52.00, for a total transaction of $130,000.00. Following the completion of the transaction, the vice president now directly owns 32,885 shares of the company’s stock, valued at approximately $1,710,020. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of NYSE:ADM opened at $48.83 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.59 and a debt-to-equity ratio of 0.32. Archer Daniels Midland Co has a 12 month low of $38.59 and a 12 month high of $52.06. The stock has a market capitalization of $28.14 billion, a P/E ratio of 20.09 and a beta of 1.04.
Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, July 31st. The company reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.25. Archer Daniels Midland had a net margin of 3.05% and a return on equity of 9.19%. The firm had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $15.48 billion. During the same quarter last year, the firm earned $0.57 EPS. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, sell-side analysts forecast that Archer Daniels Midland Co will post 3.43 earnings per share for the current year.
Several research analysts recently weighed in on ADM shares. Zacks Investment Research raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Wednesday, July 4th. JPMorgan Chase & Co. raised shares of Archer Daniels Midland from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $42.00 to $48.00 in a report on Monday, July 9th. Buckingham Research increased their price objective on shares of Archer Daniels Midland from $53.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. BMO Capital Markets increased their price objective on shares of Archer Daniels Midland from $45.00 to $50.00 and gave the company a “market perform” rating in a report on Wednesday, August 1st. Finally, Morgan Stanley increased their price objective on shares of Archer Daniels Midland from $33.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, August 3rd. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Archer Daniels Midland currently has a consensus rating of “Hold” and a consensus price target of $47.62.
Archer Daniels Midland Company Profile
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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