Insider Selling: Archer Daniels Midland Co (ADM) VP Sells $130,000.00 in Stock

Archer Daniels Midland Co (NYSE:ADM) VP John P. Stott sold 2,500 shares of the business’s stock in a transaction on Monday, October 8th. The shares were sold at an average price of $52.00, for a total transaction of $130,000.00. Following the sale, the vice president now owns 32,885 shares of the company’s stock, valued at $1,710,020. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of 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. The firm has a market cap of $28.14 billion, a price-to-earnings ratio of 20.09 and a beta of 1.04. Archer Daniels Midland Co has a 1-year low of $38.59 and a 1-year high of $52.06.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, July 31st. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.77 by $0.25. The firm had revenue of $17.07 billion during the quarter, compared to analyst estimates of $15.48 billion. Archer Daniels Midland had a return on equity of 9.19% and a net margin of 3.05%. Archer Daniels Midland’s revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 EPS. Sell-side analysts expect that Archer Daniels Midland Co will post 3.43 earnings per share for the current year.

A number of equities research analysts have weighed in on the stock. Stephens reiterated an “overweight” rating on shares of Archer Daniels Midland in a research note on Thursday, August 16th. BMO Capital Markets boosted their target price on shares of Archer Daniels Midland from $45.00 to $50.00 and gave the company a “market perform” rating in a research note on Wednesday, August 1st. Buckingham Research boosted their target price on shares of Archer Daniels Midland from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. Cleveland Research reiterated a “hold” rating on shares of Archer Daniels Midland in a research note on Monday, October 1st. Finally, Morgan Stanley boosted their target price on shares of Archer Daniels Midland from $33.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, August 3rd. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Archer Daniels Midland currently has an average rating of “Hold” and an average target price of $47.62.

Several large investors have recently bought and sold shares of the company. Bank of Montreal Can increased its stake in shares of Archer Daniels Midland by 78.2% in the 3rd quarter. Bank of Montreal Can now owns 740,408 shares of the company’s stock worth $37,221,000 after purchasing an additional 324,850 shares in the last quarter. Busey Trust CO increased its stake in shares of Archer Daniels Midland by 5.2% in the 3rd quarter. Busey Trust CO now owns 27,461 shares of the company’s stock worth $1,380,000 after purchasing an additional 1,353 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in shares of Archer Daniels Midland in the 3rd quarter worth $716,000. DNB Asset Management AS increased its stake in shares of Archer Daniels Midland by 1.9% in the 3rd quarter. DNB Asset Management AS now owns 84,642 shares of the company’s stock worth $4,255,000 after purchasing an additional 1,601 shares in the last quarter. Finally, Personal Capital Advisors Corp increased its stake in shares of Archer Daniels Midland by 4.7% in the 3rd quarter. Personal Capital Advisors Corp now owns 734,520 shares of the company’s stock worth $36,924,000 after purchasing an additional 33,156 shares in the last quarter. Hedge funds and other institutional investors own 75.83% 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.

Featured Article: Dow Jones Industrial Average (DJIA)

Insider Buying and Selling by Quarter for Archer Daniels Midland (NYSE:ADM)

Receive News & Ratings for Archer Daniels Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer Daniels Midland and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply