Archer Daniels Midland (NYSE:ADM) Stock: Insider David Mcatee II Acquires 2,800 Shares

Archer Daniels Midland Company (NYSE:ADM) Director David Mcatee II bought 2,800 shares of Archer Daniels Midland stock in a transaction on Thursday, November 5th. The shares were purchased at an average cost of $70.27 per share, for a total transaction of $196,756.00. Following the completion of the purchase, the director directly owned 2,800 shares of the company’s stock, valued at $196,756. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Archer Daniels Midland Stock Performance

NYSE:ADM opened at $69.25 on Wednesday. The company’s 50-day moving average is $80.62 and its two-hundred day moving average is $76.57. Archer Daniels Midland Company has a 1-year low of $56.02 and a 1-year high of $88.75. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.45 and a quick ratio of 0.88. The firm has a market capitalization of $32.96 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 2.04 and a beta of 0.63.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.17. The business had revenue of $22.34 billion during the quarter, compared to the consensus estimate of $23.27 billion. Archer Daniels Midland had a net margin of 2.95% and a return on equity of 10.84%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 EPS. Analysts forecast that Archer Daniels Midland Company will post 5.69 EPS for the current year.

Archer Daniels Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Wednesday, November 18th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.0%. The ex-dividend date is Wednesday, November 18th. Archer Daniels Midland’s dividend payout ratio is presently 40.55%.

Analysts Set New Price Targets

A number of equities research analysts have commented on ADM shares. Jefferies Financial Group lifted their target price on Archer Daniels Midland from $88.00 to $89.00 in a research report on Monday, October 19th. BMO Capital Markets increased their target price on shares of Archer Daniels Midland from $77.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 5th. Barclays lifted their price target on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 5th. Stephens dropped their price target on shares of Archer Daniels Midland from $85.00 to $75.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 4th. Finally, Weiss Ratings downgraded shares of Archer Daniels Midland from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 28th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Archer Daniels Midland has an average rating of “Hold” and an average target price of $80.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ADM. BlackRock Inc. purchased a new stake in shares of Archer Daniels Midland in the 2nd quarter valued at $3,409,089,000. Bank of New York Mellon Corp purchased a new position in Archer Daniels Midland during the 2nd quarter valued at about $257,394,000. Legal & General Group Plc purchased a new position in Archer Daniels Midland during the 2nd quarter valued at about $198,233,000. Bank of America Corp DE acquired a new position in Archer Daniels Midland in the 2nd quarter valued at about $180,096,000. Finally, Deutsche Bank AG acquired a new position in Archer Daniels Midland in the 2nd quarter valued at about $178,087,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer Daniels Midland Company Profile

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural supply chain and food ingredient company. It sources, transports, stores and processes crops, connecting farmers with food, feed, fuel and industrial markets. ADM processes commodities such as corn, oilseeds and wheat into products including vegetable oils, protein meals, flour, starches, sweeteners and other food ingredients. Its businesses also supply ingredients and solutions for human and animal nutrition, as well as products used in biofuels and other industrial applications.