Insider Selling: Domingo A. Lastra Sells 9,579 Shares of Archer Daniels Midland Stock (ADM)
Archer Daniels Midland (NYSE:ADM) VP Domingo A. Lastra sold 9,579 shares of Archer Daniels Midland stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $40.00, for a total transaction of $383,160.00. Following the completion of the transaction, the vice president now directly owns 25,838 shares in the company, valued at approximately $1,033,520. 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 1.05% during mid-day trading on Tuesday, hitting $40.53. 6,510,786 shares of the company’s stock traded hands. Archer Daniels Midland has a 52 week low of $30.08 and a 52 week high of $43.99. The stock’s 50-day moving average is $41.35 and its 200-day moving average is $39.2. The company has a market cap of $26.871 billion and a P/E ratio of 19.86.
Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, analysts predict that Archer Daniels Midland will post $3.23 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Scotiabank upgraded shares of Archer Daniels Midland from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, February 5th. Separately, analysts at Citigroup Inc. upgraded shares of Archer Daniels Midland from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 5th. 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 on Tuesday, January 7th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Archer Daniels Midland currently has an average rating of “Buy” and a consensus price target of $38.17.
Archer-Daniels-Midland-Company, is engaged in the processing of oilseeds, corn, wheat, cocoa, and other agricultural commodities.
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