Archer Daniels Midland Co (ADM) VP John P. Stott Sells 2,133 Shares of Stock

Archer Daniels Midland Co (NYSE:ADM) VP John P. Stott sold 2,133 shares of the stock in a transaction that occurred on Friday, June 22nd. The stock was sold at an average price of $46.50, for a total transaction of $99,184.50. Following the sale, the vice president now directly owns 39,628 shares of the company’s stock, valued at approximately $1,842,702. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of NYSE:ADM opened at $46.26 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.57 and a quick ratio of 0.83. Archer Daniels Midland Co has a 52-week low of $38.59 and a 52-week high of $46.78. The company has a market capitalization of $26.02 billion, a price-to-earnings ratio of 19.04 and a beta of 1.01.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, May 1st. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.21. The company had revenue of $15.53 billion during the quarter, compared to analysts’ expectations of $15.35 billion. Archer Daniels Midland had a return on equity of 7.96% and a net margin of 2.69%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 EPS. analysts anticipate that Archer Daniels Midland Co will post 3.09 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 7th. Stockholders of record on Thursday, May 17th were paid a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 2.90%. The ex-dividend date was Wednesday, May 16th. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 55.14%.

ADM has been the subject of a number of research analyst reports. Buckingham Research increased their target price on shares of Archer Daniels Midland from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Monday, April 9th. Zacks Investment Research downgraded shares of Archer Daniels Midland from a “buy” rating to a “hold” rating in a research report on Thursday, March 8th. ValuEngine downgraded shares of Archer Daniels Midland from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Monness Crespi & Hardt raised shares of Archer Daniels Midland from a “sell” rating to a “neutral” rating in a research report on Wednesday, May 2nd. Finally, Citigroup increased their price objective on shares of Archer Daniels Midland from $53.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, May 2nd. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $45.45.

Several institutional investors have recently added to or reduced their stakes in the company. Suntrust Banks Inc. boosted its stake in shares of Archer Daniels Midland by 10.8% during the 1st quarter. Suntrust Banks Inc. now owns 90,801 shares of the company’s stock valued at $3,936,000 after buying an additional 8,863 shares during the last quarter. Howard Capital Management Inc. boosted its stake in shares of Archer Daniels Midland by 22.8% during the 1st quarter. Howard Capital Management Inc. now owns 231,692 shares of the company’s stock valued at $10,045,000 after buying an additional 43,091 shares during the last quarter. Trilogy Capital Inc. boosted its stake in shares of Archer Daniels Midland by 129.4% during the 1st quarter. Trilogy Capital Inc. now owns 28,405 shares of the company’s stock valued at $1,232,000 after buying an additional 16,021 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Archer Daniels Midland by 2.1% during the 1st quarter. Principal Financial Group Inc. now owns 952,982 shares of the company’s stock valued at $41,331,000 after buying an additional 19,336 shares during the last quarter. Finally, Cypress Capital Group purchased a new position in shares of Archer Daniels Midland during the 1st quarter valued at approximately $280,000. Institutional investors own 75.70% of the company’s stock.

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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