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Archer Daniels Midland Company (NYSE:ADM) VP John P. Stott unloaded 13,652 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $50.01, for a total value of $682,736.52. Following the completion of the sale, the vice president now directly owns 20,349 shares in the company, valued at approximately $1,017,653. The sale 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 Zacks reiterated an “outperform” rating on shares of Archer Daniels Midland Company in a research note on Thursday. They now have a $60.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Archer Daniels Midland Company from $46.00 to $48.00 in a research note on Friday, July 18th. They now have a “neutral” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Archer Daniels Midland Company in a research note on Wednesday, July 9th. They now have a $53.00 price target on the stock, up previously from $50.00. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $49.11.

Shares of Archer Daniels Midland Company (NYSE:ADM) traded down 0.24% on Thursday, hitting $49.92. 1,317,285 shares of the company’s stock traded hands. Archer Daniels Midland Company has a 1-year low of $34.21 and a 1-year high of $50.24. The stock has a 50-day moving average of $47.19 and a 200-day moving average of $43.9. The company has a market cap of $32.224 billion and a P/E ratio of 20.10.

Archer Daniels Midland Company (NYSE:ADM) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. The company had revenue of $21.49 billion for the quarter, compared to the consensus estimate of $22.70 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, analysts predict that Archer Daniels Midland Company will post $3.03 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Tuesday, August 19th.

Archer-Daniels-Midland-Company is engaged in the processing of oilseeds, corn, wheat, cocoa, and other agricultural commodities.

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