Archer Daniels Midland Co (NYSE: ADM) is -26.38% lower on its value in year-to-date trading and has touched a low of $48.92 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 $54.27 in the last trading session, with the day’s loss setting it -1.1%.
Currently trading at $53.17, the stock is 0.31% and -4.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.19 million and changing -2.03% at the moment leaves the stock -10.24% off its SMA200. ADM registered -29.18% loss for a year compared to 6-month loss of -13.99%. The firm has a 50-day simple moving average (SMA 50) of $55.891 and a 200-day simple moving average (SMA200) of $59.23985.
The stock witnessed a -2.69% gain in the last 1 month and extending the period to 3 months gives it a -13.43%, and is 0.30% 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 2.13% over the week and 2.27% over the month.
Archer Daniels Midland Co (ADM) has around 41802 employees, a market worth around $25.44B and $87.01B in sales. Current P/E ratio is 15.17 and Fwd P/E is 10.76. Profit margin for the company is 2.07%. Distance from 52-week low is 8.68% and -31.26% from its 52-week high. The company has generated returns on investments over the last 12 months (5.88%).
The EPS is expected to shrink by -29.17% this year.
Archer Daniels Midland Co (ADM) Top Institutional Holders
1385.0 institutions hold shares in Archer Daniels Midland Co (ADM), with institutional investors hold 80.97% of the company’s shares. The shares outstanding are 478.00M, and float is at 475.34M with Short Float at 1.41%. Institutions hold 80.50% 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).
