Insider Buying: Archer Daniels Midland CFO Purchases 3,000 Shares of Stock (ADM)
Archer Daniels Midland (NYSE:ADM) CFO Ray G. Young purchased 3,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average price of $38.57 per share, with a total value of $115,710.00. Following the purchase, the chief financial officer now directly owns 120,303 shares of the company’s stock, valued at approximately $4,640,087. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Archer Daniels Midland (NYSE:ADM) traded up 1.24% during mid-day trading on Wednesday, hitting $38.705. The stock had a trading volume of 6,280,378 shares. Archer Daniels Midland has a 1-year low of $29.27 and a 1-year high of $43.99. The stock has a 50-day moving average of $41.89 and a 200-day moving average of $39.16. The company has a market cap of $25.467 billion and a P/E ratio of 16.99.
Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.84 by $0.11. The company had revenue of $24.14 billion for the quarter, compared to the consensus estimate of $25.07 billion. During the same quarter last year, the company posted $0.60 earnings per share. Archer Daniels Midland’s revenue was down 3.1% compared to the same quarter last year. Analysts expect that Archer Daniels Midland will post $3.25 EPS for the current fiscal year.
ADM has been the subject of a number of recent research reports. Analysts at Scotiabank upgraded shares of Archer Daniels Midland from a “sector perform” rating to an “outperform” rating in a research note to investors on Wednesday. Separately, analysts at Citigroup Inc. upgraded shares of Archer Daniels Midland from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $45.00 price target on the stock. Finally, 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, January 7th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $38.17.
Archer-Daniels-Midland-Company, is engaged in the processing of oilseeds, corn, wheat, cocoa, and other agricultural commodities.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.