Archer Daniels Midland Co (NYSE: ADM) is -4.79% 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 $48.27 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $48.10, the stock is -1.33% and 1.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.65 million and changing -0.35% at the moment leaves the stock -7.45% off its SMA200. ADM registered -19.87% loss for a year compared to 6-month loss of -10.46%. The firm has a 50-day simple moving average (SMA 50) of $47.5304 and a 200-day simple moving average (SMA200) of $52.02225.
The stock witnessed a 1.09% gain in the last 1 month and extending the period to 3 months gives it a 3.26%, and is 0.33% 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 0.26% over the week and 1.61% over the month.
Archer Daniels Midland Co (ADM) has around 44043 employees, a market worth around $23.11B and $83.85B in sales. Current P/E ratio is 17.15 and Fwd P/E is 10.53. Profit margin for the company is 1.63%. Distance from 52-week low is 17.37% and -27.21% from its 52-week high. The company has generated returns on investments over the last 12 months (4.44%).
The EPS is expected to shrink by -15.55% this year.
Archer Daniels Midland Co (ADM) Top Institutional Holders
1315.0 institutions hold shares in Archer Daniels Midland Co (ADM), with institutional investors hold 83.97% of the company’s shares. The shares outstanding are 480.00M, and float is at 477.13M with Short Float at 2.71%. Institutions hold 83.46% 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 12.8917% 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
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Archer Daniels Midland Co disclosed in a document filed with the SEC on Sep 03 ’24 that LUCIANO JUAN R (President & CEO) sold a total of 170,194 shares of the company’s common stock. The trade occurred on Sep 03 ’24 and was made at $60.51 per share for $10.3 million. Following the transaction, the insider now directly holds 0.27 million shares of the ADM stock.
Still, SEC filings show that on Aug 30 ’24, LUCIANO JUAN R (President & CEO) disposed off 45,471 shares at an average price of $61.00 for $2.77 million. The insider now directly holds 265,210 shares of Archer Daniels Midland Co (ADM).
