Archer-Daniels-Midland Target of Unusually Large Options Trading (NYSE:ADM)

Archer-Daniels-Midland Company (NYSE:ADMGet Rating) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 7,792 call options on the company. This is an increase of 65% compared to the average daily volume of 4,723 call options.

Insider Activity at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 284,531 shares of the stock in a transaction on Friday, September 9th. The shares were sold at an average price of $91.20, for a total value of $25,949,227.20. Following the sale, the chief executive officer now owns 412,842 shares of the company’s stock, valued at $37,651,190.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Juan R. Luciano sold 284,531 shares of the stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $91.20, for a total value of $25,949,227.20. Following the sale, the chief executive officer now directly owns 412,842 shares of the company’s stock, valued at approximately $37,651,190.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Gregory A. Morris sold 117,839 shares of the stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $83.47, for a total transaction of $9,836,021.33. Following the completion of the sale, the senior vice president now directly owns 231,454 shares in the company, valued at $19,319,465.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 402,470 shares of company stock valued at $35,794,063. 1.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Archer-Daniels-Midland

Several institutional investors have recently bought and sold shares of ADM. Paragon Capital Management Ltd raised its holdings in shares of Archer-Daniels-Midland by 2.8% during the first quarter. Paragon Capital Management Ltd now owns 3,915 shares of the company’s stock worth $353,000 after purchasing an additional 108 shares during the last quarter. CVA Family Office LLC raised its holdings in shares of Archer-Daniels-Midland by 42.6% during the first quarter. CVA Family Office LLC now owns 385 shares of the company’s stock worth $35,000 after purchasing an additional 115 shares during the last quarter. B. Riley Wealth Management Inc. raised its holdings in shares of Archer-Daniels-Midland by 2.5% during the first quarter. B. Riley Wealth Management Inc. now owns 5,126 shares of the company’s stock worth $463,000 after purchasing an additional 123 shares during the last quarter. Checchi Capital Advisers LLC raised its holdings in shares of Archer-Daniels-Midland by 1.8% during the first quarter. Checchi Capital Advisers LLC now owns 7,137 shares of the company’s stock worth $644,000 after purchasing an additional 125 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its holdings in shares of Archer-Daniels-Midland by 30.6% during the second quarter. JFS Wealth Advisors LLC now owns 546 shares of the company’s stock worth $42,000 after purchasing an additional 128 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ADM has been the topic of a number of recent analyst reports. Wolfe Research initiated coverage on shares of Archer-Daniels-Midland in a research report on Friday, August 12th. They issued an “outperform” rating and a $117.00 price objective on the stock. StockNews.com raised shares of Archer-Daniels-Midland from a “hold” rating to a “buy” rating in a research report on Friday, September 16th. Finally, Seaport Res Ptn reaffirmed a “buy” rating on shares of Archer-Daniels-Midland in a research report on Wednesday, July 27th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Archer-Daniels-Midland has an average rating of “Moderate Buy” and an average target price of $88.42.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $86.00 on Thursday. The firm has a market cap of $48.21 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 1.84 and a beta of 0.77. Archer-Daniels-Midland has a 52-week low of $58.60 and a 52-week high of $98.88. The company has a quick ratio of 0.90, a current ratio of 1.47 and a debt-to-equity ratio of 0.33. The company’s 50 day moving average is $83.91 and its 200 day moving average is $85.17.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last announced its earnings results on Tuesday, July 26th. The company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.43. The company had revenue of $27.28 billion during the quarter, compared to the consensus estimate of $24.87 billion. Archer-Daniels-Midland had a net margin of 3.81% and a return on equity of 15.98%. Archer-Daniels-Midland’s revenue was up 19.0% compared to the same quarter last year. During the same period last year, the firm earned $1.33 earnings per share. On average, sell-side analysts anticipate that Archer-Daniels-Midland will post 6.84 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Wednesday, August 17th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.86%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 25.20%.

Archer-Daniels-Midland Company Profile

(Get Rating)

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, Cayman Islands, Brazil, Mexico, the United Kingdom, and internationally. The company operates through three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

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