Archer Daniels Midland Company SVP Unloads $733,031 in Stock (ADM)
Archer Daniels Midland Company (NYSE:ADM) SVP Joseph D. Taets sold 14,690 shares of Archer Daniels Midland Company stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $49.90, for a total value of $733,031.00. Following the completion of the sale, the senior vice president now directly owns 64,932 shares in the company, valued at approximately $3,240,107. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
ADM has been the subject of a number of recent research reports. Analysts at Argus raised their price target on shares of Archer Daniels Midland Company from $49.00 to $57.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Archer Daniels Midland Company in a research note on Thursday, August 14th. They now have a $60.00 price target on the stock. Finally, 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. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $50.00.
Shares of Archer Daniels Midland Company (NYSE:ADM) traded up 0.22% during mid-day trading on Wednesday, hitting $49.80. 1,678,805 shares of the company’s stock traded hands. Archer Daniels Midland Company has a 52 week low of $34.21 and a 52 week high of $50.30. The stock’s 50-day moving average is $48.00 and its 200-day moving average is $44.28. The company has a market cap of $32.147 billion and a P/E ratio of 19.96. Archer Daniels Midland Company also was the recipient of some unusual options trading on Monday. Traders purchased 23,321 call options on the company. This is an increase of 778% compared to the average daily volume of 2,656 call options.
Archer Daniels Midland Company (NYSE:ADM) last announced its earnings results on Tuesday, August 5th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was down 4.6% on a year-over-year basis. Analysts expect that Archer Daniels Midland Company will post $3.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Tuesday, August 19th.
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.