Archer Daniels Midland Co. (NYSE: ADM) is -22.02% lower on its value in year-to-date trading and has touched a low of $50.72 and a high of $77.35 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ADM stock was last observed hovering at around $57.24 in the last trading session, with the day’s loss setting it -0.92%.
Currently trading at $56.32, the stock is -1.93% and -4.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.99 million and changing -1.61% at the moment leaves the stock -5.45% off its SMA200. ADM registered -19.59% loss for a year compared to 6-month gain of -3.99%. The firm has a 50-day simple moving average (SMA 50) of $59.0676 and a 200-day simple moving average (SMA200) of $59.56555.
The stock witnessed a -5.72% loss in the last 1 month and extending the period to 3 months gives it a -9.18%, and is 1.13% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.77% over the week and 1.92% over the month.
Archer Daniels Midland Co. (ADM) has around 41802 employees, a market worth around $26.93B and $88.76B in sales. Current P/E ratio is 11.29 and Fwd P/E is 10.59. Profit margin for the company is 2.93%. Distance from 52-week low is 11.04% and -27.19% from its 52-week high. The company has generated returns on investments over the last 12 months (8.28%).
with sales reaching $21.34B over the same period.The EPS is expected to shrink by -25.31% this year, but quarterly earnings will post -6.70% year-over-year. Quarterly sales are estimated to shrink -9.90% in year-over-year returns.
Archer Daniels Midland Co. (ADM) Top Institutional Holders
1391.0 institutions hold shares in Archer Daniels Midland Co. (ADM), with institutional investors hold 81.52% of the company’s shares. The shares outstanding are 513.00M, and float is at 474.89M with Short Float at 1.52%. Institutions hold 81.05% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 63.43 million shares valued at $3.83 billion. The investor’s holdings represent 12.364% of the ADM Shares outstanding. As of 2024-06-30, the second largest holder is STATE FARM MUTUAL AUTOMOBILE INSURANCE CO with 46.8 million shares valued at $2.83 billion to account for 9.1221 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 37.81 million shares representing 7.3701% and valued at over $2.29 billion, while STATE STREET CORP holds 6.0482 of the shares totaling 31.03 million with a market value of $1.88 billion.
Archer Daniels Midland Co. (ADM) Insider Activity
The most recent transaction is an insider sale by LUCIANO JUAN R, the company’s President & CEO. SEC filings show that LUCIANO JUAN R sold 170,194 shares of the company’s common stock on Sep 03 ’24 at a price of $60.51 per share for a total of $10.3 million. Following the sale, the insider now owns 0.27 million shares.
Archer Daniels Midland Co. disclosed in a document filed with the SEC on Aug 30 ’24 that LUCIANO JUAN R (President & CEO) sold a total of 45,471 shares of the company’s common stock. The trade occurred on Aug 30 ’24 and was made at $61.00 per share for $2.77 million. Following the transaction, the insider now directly holds 0.27 million shares of the ADM stock.
Still, SEC filings show that on Sep 03 ’24, LUCIANO JUAN R (Officer) Proposed Sale 170,194 shares at an average price of $60.51 for $10.3 million. The insider now directly holds shares of Archer Daniels Midland Co. (ADM).
