Archer-Daniels-Midland (NYSE:ADM) Sets New 12-Month Low – Here’s What Happened

Archer-Daniels-Midland Company (NYSE:ADM) reached a new 52-week low during trading on Tuesday . The stock traded as low as $49.48 and last traded at $49.87, with a volume of 437636 shares traded. The stock had previously closed at $55.30.

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of analyst reports. Citigroup lowered their price objective on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. JPMorgan Chase & Co. upped their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, UBS Group increased their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $63.82.

Archer-Daniels-Midland Stock Performance

The business’s fifty day simple moving average is $58.40 and its 200-day simple moving average is $60.19. The company has a market capitalization of $25.47 billion, a P/E ratio of 10.69 and a beta of 0.73. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44.

Insider Buying and Selling

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the completion of the transaction, the chief executive officer now owns 265,210 shares in the company, valued at $16,047,857.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $61.00, for a total value of $2,773,731.00. Following the completion of the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total value of $10,298,438.94. Following the completion of the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 219,348 shares of company stock worth $13,296,833. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Archer-Daniels-Midland

Institutional investors have recently modified their holdings of the stock. Harbor Capital Advisors Inc. purchased a new stake in Archer-Daniels-Midland during the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new position in Archer-Daniels-Midland during the third quarter valued at $26,000. Riverview Trust Co purchased a new stake in shares of Archer-Daniels-Midland in the second quarter valued at $27,000. Altshuler Shaham Ltd bought a new stake in shares of Archer-Daniels-Midland in the 2nd quarter worth about $28,000. Finally, Peterson Financial Group Inc. bought a new position in Archer-Daniels-Midland during the 3rd quarter valued at about $28,000. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Company Profile

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.