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 the stock on the open market in a transaction that occurred on 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 issued a buy rating to the company’s stock. Archer Daniels Midland Company has an average rating of “Buy” and a consensus price target of $50.00.
Shares of Archer Daniels Midland Company (NYSE:ADM) traded down 0.57% on Friday, hitting $49.285. The stock had a trading volume of 477,464 shares. Archer Daniels Midland Company has a 52-week low of $34.21 and a 52-week high of $50.30. The stock has a 50-day moving average of $48.13 and a 200-day moving average of $44.31. The company has a market cap of $31.814 billion and a price-to-earnings ratio of 19.91.
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. On average, analysts predict that Archer Daniels Midland Company will post $3.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 11th. Shareholders 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 1.94%. 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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