Traders Sell Shares of Archer Daniels Midland (ADM) on Strength (ADM)
Investors sold shares of Archer Daniels Midland Co (NYSE:ADM) on strength during trading hours on Tuesday. $23.03 million flowed into the stock on the tick-up and $53.47 million flowed out of the stock on the tick-down, for a money net flow of $30.44 million out of the stock. Of all equities tracked, Archer Daniels Midland had the 23rd highest net out-flow for the day. Archer Daniels Midland traded up $0.08 for the day and closed at $48.02
A number of equities research analysts have recently issued reports on the stock. Stephens reissued an “overweight” rating on shares of Archer Daniels Midland in a research report 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 report on Wednesday, August 1st. Argus raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Thursday, November 8th. Cleveland Research reissued a “hold” rating on shares of Archer Daniels Midland in a research report on Monday, October 1st. Finally, 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 report on Wednesday, August 1st. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $49.67.
The company has a market cap of $27.06 billion, a P/E ratio of 19.76 and a beta of 0.97. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 0.94.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 23rd will be paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Wednesday, November 21st. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 55.14%.
In related news, VP John P. Stott sold 2,500 shares of the business’s stock in a transaction dated Monday, October 8th. The stock was sold at an average price of $52.00, for a total value of $130,000.00. Following the completion of the transaction, the vice president now owns 32,885 shares of the company’s stock, valued at $1,710,020. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Ray G. Young purchased 2,100 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was bought at an average cost of $47.35 per share, with a total value of $99,435.00. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 8,500 shares of company stock valued at $436,038. 0.94% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the stock. NEXT Financial Group Inc acquired a new position in Archer Daniels Midland during the third quarter worth about $109,000. Schroder Investment Management Group acquired a new position in Archer Daniels Midland during the third quarter worth about $126,000. Global Trust Asset Management LLC acquired a new position in Archer Daniels Midland during the third quarter worth about $131,000. MUFG Americas Holdings Corp raised its stake in Archer Daniels Midland by 408.7% during the second quarter. MUFG Americas Holdings Corp now owns 2,676 shares of the company’s stock worth $123,000 after acquiring an additional 2,150 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. acquired a new position in Archer Daniels Midland during the third quarter worth about $139,000. 75.75% of the stock is owned by institutional investors and hedge funds.
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About Archer Daniels Midland (NYSE:ADM)
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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