Insider Selling: Archer Daniels Midland VP Sells 4,608 Shares of Stock (ADM)
Archer Daniels Midland (NYSE:ADM) VP Mark Kolkhorst sold 4,608 shares of the company’s stock on the open market in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $40.96, for a total value of $188,743.68. Following the completion of the sale, the vice president now directly owns 22,845 shares in the company, valued at approximately $935,731. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Archer Daniels Midland (NYSE:ADM) traded up 0.07% on Monday, hitting $40.93. 3,172,468 shares of the company’s stock traded hands. Archer Daniels Midland has a 52 week low of $24.38 and a 52 week high of $41.74. The stock’s 50-day moving average is $37.71 and its 200-day moving average is $35.56. The company has a market cap of $27.178 billion and a P/E ratio of 18.33.
Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.46 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.46. The company had revenue of $21.39 billion for the quarter, compared to the consensus estimate of $20.76 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. On average, analysts predict that Archer Daniels Midland will post $2.27 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Tuesday, November 12th.
Several analysts have recently commented on the stock. Analysts at Argus upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a $49.00 price target on the stock. Separately, analysts at Scotiabank raised their price target on shares of Archer Daniels Midland from $39.00 to $43.00 in a research note to investors on Wednesday, October 30th. Finally, analysts at BMO Capital Markets raised their price target on shares of Archer Daniels Midland from $36.00 to $42.00 in a research note to investors on Wednesday, October 30th. They now have a “market perform” rating on the stock. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $35.77.
Archer-Daniels-Midland-Company, is engaged in the processing of oilseeds, corn, wheat, cocoa, and other agricultural commodities.
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