Archer Daniels Midland Co (NYSE: ADM) is -4.35% lower on its value in year-to-date trading and has touched a low of $40.98 and a high of $66.08 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 $47.50 in the last trading session, with the day’s gains setting it 0.82%.
Currently trading at $48.32, the stock is 2.86% and 2.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.85 million and changing 1.73% at the moment leaves the stock -8.92% off its SMA200. ADM registered -18.58% loss for a year compared to 6-month loss of -12.48%.
The stock witnessed a 11.54% gain in the last 1 month and extending the period to 3 months gives it a 1.75%, 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 2.20% over the week and 3.12% over the month.
Archer Daniels Midland Co (ADM) has around 44043 employees, a market worth around $23.20B and $85.50B in sales. Current P/E ratio is 13.37 and Fwd P/E is 10.53. Profit margin for the company is 2.11%. Distance from 52-week low is 17.91% and -26.88% from its 52-week high. The company has generated returns on investments over the last 12 months (5.84%).
The EPS is expected to shrink by -14.40% this year.
Archer Daniels Midland Co (ADM) Top Institutional Holders
The shares outstanding are 478.00M, and float is at 476.83M with Short Float at 3.06%.
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 12.8917% 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 9.5115 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 37.81 million shares representing 7.6847% and valued at over $2.29 billion, while STATE STREET CORP holds 6.3064 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).
