Archer Daniels Midland (NYSE:ADM) Director Purchases $196,756.00 in Stock

Archer Daniels Midland Company (NYSE:ADM) Director David Mcatee II bought 2,800 shares of the firm’s stock in a transaction dated Thursday, November 5th. The shares were acquired at an average cost of $70.27 per share, with a total value of $196,756.00. Following the completion of the transaction, the director owned 2,800 shares of the company’s stock, valued at $196,756. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

Archer Daniels Midland Stock Down 0.1%

Shares of ADM traded down $0.04 on Monday, reaching $69.93. The company’s stock had a trading volume of 4,527,715 shares, compared to its average volume of 3,743,149. The company has a current ratio of 1.45, a quick ratio of 0.88 and a debt-to-equity ratio of 0.31. Archer Daniels Midland Company has a twelve month low of $55.58 and a twelve month high of $88.75. The stock has a market capitalization of $33.28 billion, a PE ratio of 13.63, a PEG ratio of 2.04 and a beta of 0.63. The firm has a fifty day moving average of $81.09 and a 200-day moving average of $76.55.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.17. The business had revenue of $22.34 billion during the quarter, compared to the consensus estimate of $23.27 billion. Archer Daniels Midland had a return on equity of 10.84% and a net margin of 2.95%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 EPS. Equities analysts predict that Archer Daniels Midland Company will post 5.72 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The business 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. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Wednesday, November 18th. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 40.55%.

Analysts Set New Price Targets

ADM has been the subject of several recent research reports. Weiss Ratings downgraded Archer Daniels Midland from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 28th. Morgan Stanley upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $60.00 to $79.00 in a research note on Wednesday, August 5th. Wall Street Zen downgraded shares of Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a report on Sunday. Stephens reduced their target price on shares of Archer Daniels Midland from $85.00 to $75.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 4th. Finally, Zacks Research downgraded shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $80.25.

Institutional Trading of Archer Daniels Midland

A number of hedge funds have recently bought and sold shares of ADM. Intech Investment Management LLC increased its position in shares of Archer Daniels Midland by 5.4% during the 3rd quarter. Intech Investment Management LLC now owns 36,621 shares of the company’s stock valued at $2,907,000 after purchasing an additional 1,888 shares during the last quarter. Thoroughbred Financial Services LLC bought a new stake in shares of Archer Daniels Midland during the 3rd quarter worth $252,000. Bessemer Group Inc. increased its holdings in Archer Daniels Midland by 12.9% during the third quarter. Bessemer Group Inc. now owns 18,376 shares of the company’s stock worth $1,460,000 after buying an additional 2,097 shares during the last quarter. Hantz Financial Services Inc. raised its position in Archer Daniels Midland by 16.3% in the third quarter. Hantz Financial Services Inc. now owns 2,132 shares of the company’s stock worth $169,000 after acquiring an additional 299 shares during the period. Finally, Phoenix Financial Ltd. raised its position in Archer Daniels Midland by 6.2% in the third quarter. Phoenix Financial Ltd. now owns 6,091 shares of the company’s stock worth $484,000 after acquiring an additional 353 shares during the period. 78.28% of the stock is currently owned by institutional investors.

About Archer Daniels Midland

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.