Archer-Daniels-Midland Company (NYSE:ADM – Get 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
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:ADM – Get 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
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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