Insider Selling: John P. Stott Unloads 11,752 Shares of Archer Daniels Midland Stock (ADM)
Archer Daniels Midland (NYSE:ADM) VP John P. Stott sold 11,752 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $48.01, for a total transaction of $564,213.52. Following the completion of the sale, the vice president now directly owns 20,349 shares of the company’s stock, valued at approximately $976,955. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on ADM. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Archer Daniels Midland in a research note on Wednesday, July 9th. They now have a $53.00 price target on the stock, up previously from $50.00. Separately, analysts at Miller Tabak upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a research note on Monday, July 7th. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Archer Daniels Midland in a research note on Friday, May 9th. They now have a $48.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $46.88.
Shares of Archer Daniels Midland (NYSE:ADM) traded up 0.46% during mid-day trading on Monday, hitting $48.07. 3,462,926 shares of the company’s stock traded hands. Archer Daniels Midland has a 52-week low of $34.21 and a 52-week high of $48.04. The stock has a 50-day moving average of $44.86 and a 200-day moving average of $42.96. The company has a market cap of $31.460 billion and a price-to-earnings ratio of 23.81.
Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.55 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.74 by $0.19. The company had revenue of $20.70 billion for the quarter, compared to the consensus estimate of $22.04 billion. During the same quarter last year, the company posted $0.48 earnings per share. Archer Daniels Midland’s revenue was down 4.7% compared to the same quarter last year. Analysts expect that Archer Daniels Midland will post $3.03 EPS for the current fiscal year.
Archer-Daniels-Midland-Company, is engaged in the processing of oilseeds, corn, wheat, cocoa, and other agricultural commodities.
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