Archer Daniels Midland (NYSE:ADM) issued its quarterly earnings data on Tuesday. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.09, MarketWatch Earnings reports. Archer Daniels Midland had a return on equity of 9.19% and a net margin of 3.05%. The business had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $15.72 billion. During the same period last year, the business earned $0.45 EPS. The business’s revenue was up 6.6% on a year-over-year basis.
Shares of Archer Daniels Midland stock opened at $46.77 on Tuesday. Archer Daniels Midland has a 1 year low of $38.59 and a 1 year high of $52.06. The firm has a market cap of $26.87 billion, a PE ratio of 19.25 and a beta of 0.97. The company has a quick ratio of 0.91, a current ratio of 1.59 and a debt-to-equity ratio of 0.32.
Several equities analysts have weighed in on the company. Cleveland Research restated a “hold” rating on shares of Archer Daniels Midland in a research note on Monday, October 1st. BMO Capital Markets raised their price objective on Archer Daniels Midland from $45.00 to $50.00 and gave the company a “market perform” rating in a research note on Wednesday, August 1st. JPMorgan Chase & Co. upgraded Archer Daniels Midland from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $42.00 to $48.00 in a research note on Monday, July 9th. Buckingham Research raised their price objective on Archer Daniels Midland from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. Finally, Morgan Stanley raised their price objective on Archer Daniels Midland from $33.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, August 3rd. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $49.36.
In related news, SVP Joseph D. Taets sold 3,847 shares of Archer Daniels Midland stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $51.01, for a total value of $196,235.47. Following the completion of the sale, the senior vice president now owns 171,366 shares of the company’s stock, valued at approximately $8,741,379.66. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP John P. Stott sold 2,500 shares of Archer Daniels Midland stock in a transaction dated Monday, October 8th. The stock was sold at an average price of $52.00, for a total value of $130,000.00. Following the completion of the sale, the vice president now directly owns 32,885 shares of the company’s stock, valued at approximately $1,710,020. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,500 shares of company stock valued at $436,038. Insiders own 0.94% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. NEXT Financial Group Inc purchased a new stake in Archer Daniels Midland in the 3rd quarter worth about $109,000. Global Trust Asset Management LLC purchased a new stake in Archer Daniels Midland in the 3rd quarter worth about $131,000. MUFG Americas Holdings Corp increased its holdings in Archer Daniels Midland by 408.7% in the 2nd quarter. MUFG Americas Holdings Corp now owns 2,676 shares of the company’s stock worth $123,000 after acquiring an additional 2,150 shares during the last quarter. Bbva Compass Bancshares Inc. purchased a new stake in Archer Daniels Midland in the 3rd quarter worth about $139,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in Archer Daniels Midland by 71.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,778 shares of the company’s stock worth $127,000 after acquiring an additional 1,154 shares during the last quarter. 76.07% of the stock is owned by institutional investors.
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About Archer Daniels Midland
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.
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