Archer Daniels Midland Sees Unusually Large Options Volume (ADM)
Archer Daniels Midland (NYSE:ADM) was the recipient of unusually large options trading on Friday. Stock traders bought 39,453 call options on the stock, StockRatingsNetwork reports. This is an increase of 452% compared to the average daily volume of 7,153 call options.
ADM has been the subject of a number of recent research reports. Analysts at Stephens downgraded shares of Archer Daniels Midland from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday. Separately, analysts at Stifel Nicolaus initiated coverage on shares of Archer Daniels Midland in a research note to investors on Tuesday, December 24th. They set a “hold” rating on the stock. Finally, analysts at Macquarie initiated coverage on shares of Archer Daniels Midland in a research note to investors on Tuesday, December 17th. They set an “outperform” rating on the stock. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $38.23.
Archer Daniels Midland (NYSE:ADM) traded down 0.43% during mid-day trading on Friday, hitting $41.98. 5,537,331 shares of the company’s stock traded hands. Archer Daniels Midland has a 52-week low of $28.00 and a 52-week high of $43.99. The stock’s 50-day moving average is $42.19 and its 200-day moving average is $38.42. The company has a market cap of $27.622 billion and a P/E ratio of 18.90.
Archer Daniels Midland (NYSE:ADM) last released its earnings data on Tuesday, October 29th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, analysts predict that Archer Daniels Midland will post $2.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of 0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Archer Daniels Midland’s previous quarterly dividend of $0.19.
Archer-Daniels-Midland-Company, is engaged in the processing of oilseeds, corn, wheat, cocoa, and other agricultural commodities.
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